JLSPG Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08936719 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

JLSPG Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs. J Spencer

Mr P Godber

REGISTERED OFFICE:

14 Beaulieu Gardens

West Bridgford

Nottingham

Nottinghamshire

NG2 7TL

REGISTERED NUMBER:

08936719 (England and Wales)

ACCOUNTANTS:

Cobb Burgin

Chartered Accountants

129a Middleton Boulevard

Wollaton Park

Nottingham

NG8 1FW

FIXED ASSETS

Tangible assets

4

1,210

-

Investment property

5

538,259

529,300

539,469

529,300

CURRENT ASSETS

Debtors

8,351

6,825

Cash at bank

20,908

13,360

29,259

20,185

CREDITORS

Amounts falling due within one year

418,350

430,929

NET CURRENT LIABILITIES

(389,091

)

(410,744

)

TOTAL ASSETS LESS CURRENT LIABILITIES

150,378

118,556

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

150,278

118,456

150,378

118,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 June 2019 and were signed on its behalf by:

Mrs. J Spencer - Director

Mr P Godber - Director

1.	STATUTORY INFORMATION

JLSPG Ltd is a private company, limited by shares , registered in England and Wales. 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value of rents receivable during the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the income

statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

1,614

At 31 March 2019

1,614

DEPRECIATION

Charge for year

404

At 31 March 2019

404

NET BOOK VALUE

At 31 March 2019

1,210

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

529,300

Additions

8,959

At 31 March 2019

538,259

NET BOOK VALUE

At 31 March 2019

538,259

At 31 March 2018

529,300

In the opinion of the directors the market value of the investment property is not materially different to

its historic cost.

6.	RELATED PARTY DISCLOSURES