JANDK_HOMES_LIMITED - Accounts

JANDK HOMES LIMITED - Company Information

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Company Registration No. 08640521 (England and Wales)

JANDK HOMES LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 AUGUST 2014

JANDK HOMES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

JANDK HOMES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2014

- 1 -

2014

Notes

Fixed assets

Tangible assets

231,313

Current assets

Debtors

100

Cash at bank and in hand

48,411

48,511

Creditors: amounts falling due within one year

(280,900)

Net current liabilities

(232,389)

Total assets less current liabilities

(1,076)

Capital and reserves

Called up share capital

100

Profit and loss account

(1,176)

Shareholders' funds

(1,076)

For the financial Period ended 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 April 2015

Mr J M Birchill

Director

Company Registration No. 08640521

JANDK HOMES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 AUGUST 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company is reliant on the support of its director and its related companies by way of loans. Assurances have be given that these loans will not be repaid for the foreseeable future.

1.2

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Investment properties are included in the balance sheet at their open market value at acquistion. 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.

1.3

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

Fixed assets

Tangible assets

Cost

At 6 August 2013

Additions

231,313

At 31 August 2014

231,313

Share capital

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

During the period 100 ordinary shares of £1 each were allotted and fully paid at par for cash consideration to provide initial working capital.