James Waters Property & Investments Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05212223 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2014

FOR

JAMES WATERS PROPERTY & INVESTMENTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J E Waters

REGISTERED OFFICE:

Jubilee House

Jubilee Court

Dersingham

Kings Lynn

Norfolk

PE31 6HH

REGISTERED NUMBER:

05212223 (England and Wales)

ACCOUNTANTS:

Burrells Accountancy Limited

Jubilee House

Jubilee Court

Dersingham

King's Lynn

Norfolk

PE31 6HH

BANKERS:

Bank of Scotland

Telford House

3 Mid New Cultins

Edinburgh

EH11 4DH

FIXED ASSETS

Tangible assets

2

2,566,000

2,566,000

Investments

3

1

1

2,566,001

2,566,001

CURRENT ASSETS

Debtors

983

905

Cash in hand

28,436

26,454

29,419

27,359

CREDITORS

Amounts falling due within one year

288,594

251,089

NET CURRENT LIABILITIES

(259,175

)

(223,730

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,306,826

2,342,271

CREDITORS

Amounts falling due after more than one year

4

1,660,475

1,715,475

NET ASSETS

646,351

626,796

CAPITAL AND RESERVES

Called up share capital

5

1

1

Revaluation reserve

527,860

527,860

Profit and loss account

118,490

98,935

SHAREHOLDERS' FUNDS

646,351

626,796

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 January 2015 and were signed by:

J E Waters - Director

1.	ACCOUNTING POLICIES

Accounting convention

As a Property Investment Company, properties are subject to periodical valuation. Subject to these

revaluations, the accounts are prepared under the historical cost convention and in accordance with

the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents rental income received.

Depreciation

In the opinion of the directors, property is maintained to a high standard through regular repair and

refurbishment, such that the residual value of the property is expected to be sufficiently high to make

any depreciation charge unnecessary.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Investments

Fixed Asset investments are stated at cost.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

2,566,000

NET BOOK VALUE

At 30 April 2014

2,566,000

At 30 April 2013

2,566,000

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 May 2013

and 30 April 2014

1

NET BOOK VALUE

At 30 April 2014

1

At 30 April 2013

1

The company owns 100% of the share capital of James Waters Limited, a company incorporated in

England. The investment is shown at cost.

4.

CREDITORS

Creditors include an amount of £ 1,660,475 (30.4.13 - £ 1,715,475 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

1

Ordinary

£1

1

1