Jonathan Richards Properties Limited - Accounts to registrar (filleted) - small 18.2
Jonathan Richards Properties Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Jonathan Richards Properties Limited |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2019 |
| Jonathan Richards Properties Limited (Registered number: 06471742) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 January 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Jonathan Richards Properties Limited |
| COMPANY INFORMATION |
| for the Year Ended 31 January 2019 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Owthorne Manor |
| 2 Hubert Street |
| Withernsea |
| East Yorkshire |
| HU19 2AT |
| Jonathan Richards Properties Limited (Registered number: 06471742) |
| BALANCE SHEET |
| 31 January 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Jonathan Richards Properties Limited (Registered number: 06471742) |
| BALANCE SHEET - continued |
| 31 January 2019 |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the director on |
| Jonathan Richards Properties Limited (Registered number: 06471742) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 January 2019 |
| 1. | STATUTORY INFORMATION |
| Jonathan Richards Properties Limited is a |
| The company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the value of rents receivable. |
| Tangible fixed assets |
| Plant & equipment | - |
| All fixed assets are initially recorded at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| All investment properties are valued annually by qualified external valuers or by officers of the company, at |
| market value. No depreciation is provided on investment properties as the director considers that, as these |
| properties are held for investment, to depreciate them would not give a true and fair view. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
| except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
| as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that |
| evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| Jonathan Richards Properties Limited (Registered number: 06471742) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2019 |
| 3. | TANGIBLE FIXED ASSETS |
| Plant & |
| equipment |
| £ |
| COST |
| At 1 February 2018 |
| Additions |
| At 31 January 2019 |
| DEPRECIATION |
| At 1 February 2018 |
| Charge for year |
| At 31 January 2019 |
| NET BOOK VALUE |
| At 31 January 2019 |
| At 31 January 2018 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 February 2018 |
| Revaluations | 50,000 |
| At 31 January 2019 |
| NET BOOK VALUE |
| At 31 January 2019 |
| At 31 January 2018 |
| Fair value at 31 January 2019 is represented by: |
| £ |
| Valuation in 2012 | 99,282 |
| Valuation in 2016 | 70,000 |
| Valuation in 2017 | 100,000 |
| Valuation in 2018 | 50,000 |
| Valuation in 2019 | 50,000 |
| Cost | 230,718 |
| 600,000 |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 2019 | 2018 |
| £ | £ |
| Cost | 230,718 | 230,718 |
| The investment properties were valued on an open market basis on 31 January 2019 by the director . |
| Jonathan Richards Properties Limited (Registered number: 06471742) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Directors' current accounts | 87,850 | 88,767 |
| Accruals |
| Other loans | 37,914 | 39,414 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 18,457 | 27,324 |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 February 2018 |
| Movement in year | 50,000 |
| At 31 January 2019 |