J & C Properties (Cheshire) Ltd - Period Ending 2018-09-30

Registration number: 3790858

J & C Properties (Cheshire) Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2018

J & C Properties (Cheshire) Ltd

Contents

Statement of Financial Position	1
Notes to the Financial Statements	2 to 3

J & C Properties (Cheshire) Ltd

(Registration number: 3790858)
Statement of Financial Position as at 30 September 2018

	Note	2018 £	2017 £
Current assets
Cash at bank and in hand		636	1,717
Creditors: Amounts falling due within one year	3	(1,344)	(2,425)
Net liabilities		(708)	(708)
Capital and reserves
Called up share capital		200	200
Profit and loss account		(908)	(908)
Shareholders funds		(708)	(708)

For the financial year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 4 June 2019
 

.........................................

Mr P A Bird
Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

J & C Properties (Cheshire) Ltd

Notes to the Financial Statements for the Year Ended 30 September 2018

1	General information

The address of its registered office is:
2 Rushafield Barns, Rushafield Farm
Green Lane
Gee Cross
Hyde
Cheshire
SK14 3BD

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies.

Going concern

The financial statements have been prepared on a going concern basis. The directors and shareholders have confirmed their willingness and ability to continue to support the company and provide the necessary working capital to enable the company to meet its liabilities as they fall due. It is on this basis that the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probable that future economic benefits will flow to the entity; and
Specific criteria have been met for each of the company's activities.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
 
 

Page 2

J & C Properties (Cheshire) Ltd

Notes to the Financial Statements for the Year Ended 30 September 2018

3

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Accruals and deferred income	-	1,080
Other creditors	1,344	1,345
	1,344	2,425

Page 3