| J. R. Heffer Investments Limited |
| Registered number: |
00849761 |
| Balance Sheet |
| as at 31 March 2020 |
|
| Notes |
|
|
2020 |
|
|
2019 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
680,001 |
|
|
680,001 |
|
| Current assets |
| Cash at bank and in hand |
|
|
126,311 |
|
|
122,003 |
|
| Creditors: amounts falling due within one year |
3 |
|
(15,040) |
|
|
(22,385) |
|
| Net current assets |
|
|
|
111,271 |
|
|
99,618 |
|
| Total assets less current liabilities |
|
|
|
791,272 |
|
|
779,619 |
|
|
| Provisions for liabilities |
|
|
|
- |
|
|
(64,600) |
|
|
| Net assets |
|
|
|
791,272 |
|
|
715,019 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Revaluation reserve |
4 |
|
|
312,556 |
|
|
312,556 |
| Profit and loss account |
|
|
|
478,616 |
|
|
402,363 |
|
| Shareholder's funds |
|
|
|
791,272 |
|
|
715,019 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| M Cameron-Heffer |
| Director |
| Approved by the board on 23 May 2020 |
|
| J. R. Heffer Investments Limited |
| Notes to the Accounts |
| for the year ended 31 March 2020 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents rental income. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Investment property |
£nil |
|
Plant and machinery |
25% reducing balance basis |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax liabilities are not discounted. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
Investment property |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2019 |
680,000 |
|
567 |
|
680,567 |
|
At 31 March 2020 |
680,000 |
|
567 |
|
680,567 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2019 |
- |
|
566 |
|
566 |
|
At 31 March 2020 |
- |
|
566 |
|
566 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2020 |
680,000 |
|
1 |
|
680,001 |
|
At 31 March 2019 |
680,000 |
|
1 |
|
680,001 |
|
The fair value of the property at 31 March 2019 has been arrived at on the basis of a valuation carried out at that date by Mr M Cameron-Heffer, a director of the company who is not a professionally qualified valuer. |
|
|
| 3 |
Creditors: amounts falling due within one year |
2020 |
|
2019 |
| £ |
£ |
|
|
Taxation and social security costs |
1,546 |
|
8,891 |
|
Other creditors |
13,494 |
|
13,494 |
|
|
|
|
|
|
15,040 |
|
22,385 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Revaluation reserve |
2020 |
|
2019 |
| £ |
£ |
|
|
At 1 April 2019 |
312,556 |
|
312,556 |
|
|
At 31 March 2020 |
312,556 |
|
312,556 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
J. R. Heffer Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Devonshire House |
|
582 Honeypot Lane |
|
Stanmore |
|
Middlesex |
|
HA7 1JS |
