SDJW Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02839599 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2014

FOR

SDJW LIMITED

T/A

HARCOURT INVESTMENTS

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J M A Wilson

S D Wilson

SECRETARY:

S D Wilson

REGISTERED OFFICE:

Harcourt House

Cotswold Dene

Standlake

Oxford

Oxfordshire

OX29 7PL

REGISTERED NUMBER:

02839599 (England and Wales)

ACCOUNTANTS:

Logan & Brewerton

Chartered Certified Accountants

Astral House

Granville Way

Bicester

Oxfordshire

OX26 4JT

FIXED ASSETS

Tangible assets

2

5,902

7,870

Investment property

3

800,000

800,000

805,902

807,870

CURRENT ASSETS

Stocks

536,644

386,644

Debtors

220,742

232,111

Cash at bank

403,754

539,221

1,161,140

1,157,976

CREDITORS

Amounts falling due within one year

750,132

700,538

NET CURRENT ASSETS

411,008

457,438

TOTAL ASSETS LESS CURRENT LIABILITIES

1,216,910

1,265,308

CAPITAL AND RESERVES

Called up share capital

4

132,600

132,600

Revaluation reserve

388,767

388,767

Profit and loss account

695,543

743,941

SHAREHOLDERS' FUNDS

1,216,910

1,265,308

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 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 Board of Directors on 31 March 2015 and were signed on its behalf by:

S D Wilson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Tangible fixed assets

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

Plant & Machinery

-

25% on reducing balance

Fixtures & Fittings

-

25% on reducing balance

Motor Vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

In accordance with SSAP 19, no depreciation is provided in respect of freehold property held for investment.

This conflicts with the requirements of the Companies Act 2006 that all properties should be depreciated. The

directors consider that, as this property is being fully maintained and its value is not diminishing for investment

purposes, to depreciate it would not give a true and fair view.

Stocks - trading properties and developments

These assets are included in the financial statements at the lower of cost and net realisable value. Costs for this

purpose comprises the purchase cost of land and buildings, development expenditures and attributable

overheads.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

44,687

DEPRECIATION

At 1 July 2013

36,817

Charge for year

1,968

At 30 June 2014

38,785

NET BOOK VALUE

At 30 June 2014

5,902

At 30 June 2013

7,870

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 July 2013

and 30 June 2014

800,000

NET BOOK VALUE

At 30 June 2014

800,000

At 30 June 2013

800,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

132,600

Ordinary

£1

132,600

132,600