JTY Limited - Accounts to registrar (filleted) - small 18.2

JTY Limited - Accounts to registrar (filleted) - small 18.2

JTY LIMITED - Company Information

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REGISTERED NUMBER: 07312229 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

JTY LIMITED
JTY LIMITED (REGISTERED NUMBER: 07312229)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTOR: J J Youngs





REGISTERED OFFICE: 35 Dalham Place
Haverhill
Suffolk
CB9 0AL





REGISTERED NUMBER: 07312229 (England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
31 High Street
Haverhill
Suffolk
CB9 8AD
Page 1
JTY LIMITED (REGISTERED NUMBER: 07312229)

BALANCE SHEET
31 DECEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,829 2,151
Investments 4 - 9,615
Investment property 5 927,751 927,751
929,580 939,517

CURRENT ASSETS
Cash at bank 73,364 74,672

CREDITORS
Amounts falling due within one year 6 19,806 34,578
NET CURRENT ASSETS 53,558 40,094
TOTAL ASSETS LESS CURRENT
LIABILITIES
983,138
979,611

CREDITORS
Amounts falling due after more than one
year
7
(774,081
)
(775,017
)

PROVISIONS FOR LIABILITIES (38,988 ) (38,037 )
NET ASSETS 170,069 166,557

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 169,869 166,357
SHAREHOLDERS' FUNDS 170,069 166,557

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 notes form part of these financial statements

Page 2 continued...
JTY LIMITED (REGISTERED NUMBER: 07312229)

BALANCE SHEET - continued
31 DECEMBER 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director on 17 March 2020 and were signed by:





J J Youngs - Director


The notes form part of these financial statements

Page 3
JTY LIMITED (REGISTERED NUMBER: 07312229)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

1. STATUTORY INFORMATION

JTY Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about JTY Limited as an individual company and do not contain
consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of
the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of
VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

Page 4 continued...
JTY LIMITED (REGISTERED NUMBER: 07312229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2019
and 31 December 2019 4,933
DEPRECIATION
At 1 January 2019 2,782
Charge for year 322
At 31 December 2019 3,104
NET BOOK VALUE
At 31 December 2019 1,829
At 31 December 2018 2,151

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2019 9,615
Disposals (9,615 )
At 31 December 2019 -
NET BOOK VALUE
At 31 December 2019 -
At 31 December 2018 9,615

Page 5 continued...
JTY LIMITED (REGISTERED NUMBER: 07312229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2019
and 31 December 2019 927,751
NET BOOK VALUE
At 31 December 2019 927,751
At 31 December 2018 927,751

Fair value at 31 December 2019 is represented by:

£   
Valuation in 2015 217,585
Valuation in 2017 (179 )
Cost 710,345
927,751

If the investment properties had not been revalued they would have been included at the following historical cost:

2019 2018
£    £   
Cost 710,345 710,345

The investment properties were valued on an open market basis on 31 December 2019 by the director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 35 -
Amounts owed to group undertakings - 9,195
Taxation and social security 3,836 4,124
Other creditors 15,935 21,259
19,806 34,578

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans 281,174 281,174
Other creditors 492,907 493,843
774,081 775,017

Page 6 continued...
JTY LIMITED (REGISTERED NUMBER: 07312229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

8. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank loans 281,174 281,174

Bank loans are secured by fixed and floating charges on the assets of the company.

Page 7