JACKSON_INVESTMENTS_LIMIT - Accounts
JACKSON_INVESTMENTS_LIMIT - Accounts
Company Registration No. 05191239 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
3
(25,039 )
(22,215 )
Net current liabilities
(23,437 )
(20,872 )
Total assets less current liabilities
Creditors: amounts falling due after more than one year
4
(25,885 )
(30,685 )
95,678
93,443
Capital and reserves
Called up share capital
5
Share premium account
Revaluation reserve
(16,779 )
(16,779 )
Profit and loss account
(13,283 )
(15,518 )
Shareholders' funds
Director's responsibilities:
-
-
Approved by the Board for issue on 5 March 2015
Director
Company Registration No. 05191239
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Turnover
1.3
Tangible fixed assets and depreciation
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 July 2013 & at 30 June 2014
145,000
At 30 June 2013
145,000
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £4,470 (2013 - £4,140).
4
Creditors: amounts falling due after more than one year
2014
2013
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
6,743
12,865
The aggregate amount of creditors for which security has been given amounted to £24,625 (2013 - £29,425).
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2014
- 3 -
5
Share capital
2014
2013
£
£
Allotted, called up and fully paid
The preference shares are entitled in priority to any other share capital in issued by the company to a fixed cumulative dividend at the rate of 10% per annum.
There is no fixed date for the redemption of the shares and on a winding up of the company only the nominal value of the preference shares shall be repaid. As a result, the nominal value of the preference shares issued has been reclassified as a liability.
There is no fixed date for the redemption of the shares and on a winding up of the company only the nominal value of the preference shares shall be repaid. As a result, the nominal value of the preference shares issued has been reclassified as a liability.