P.J.J.J. Property Company Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01175179 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

P.J.J.J. Property Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

P G Cheadle

M J Cheadle

SECRETARY:

P G Cheadle

REGISTERED OFFICE:

Cheadle House

6/8 Kay Street

Rawtenstall

Lancashire

BB4 7LS

REGISTERED NUMBER:

01175179 (England and Wales)

ACCOUNTANTS:

Cowgill, Holloway & Co

8 -10 Bolton Street

Ramsbottom

Bury

Lancs

BL0 9HX

FIXED ASSETS

Tangible assets

2

1,127,940

1,140,720

CURRENT ASSETS

Debtors

76,399

89,682

Cash at bank

28,557

38,939

104,956

128,621

CREDITORS

Amounts falling due within one year

259,063

368,786

NET CURRENT LIABILITIES

(154,107

)

(240,165

)

TOTAL ASSETS LESS CURRENT LIABILITIES

973,833

900,555

PROVISIONS FOR LIABILITIES

10

10

NET ASSETS

973,823

900,545

CAPITAL AND RESERVES

Called up share capital

3

100,000

100,000

Profit and loss account

873,823

800,545

SHAREHOLDERS' FUNDS

973,823

900,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 12 May 2015 and were signed on its behalf by:

P G Cheadle - Director

M J Cheadle - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

1% on cost

Fixtures and fittings

-

15% on reducing balance

Deferred tax

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

balance sheet date. Timing differences are differences between taxable profits and the results as stated in the

financial statements which arise from the inclusion of gains and losses in tax assessments in periods different

from those in which they are recognised in the financial statements.

Deferred tax is not recognised when fixed assets are revalued unless by the balance sheet date there is a binding

agreement to sell the revalued asset and the resulting gain or loss has been recognised in the financial statements.

Neither is deferred tax recognised when fixed assets are sold and it is more likely than not that the taxable gain

will be rolled over, being charged tax only if and when the replacement assets are sold.

Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing

differences are expected to reverse, based on tax rates and laws which have been enacted or substantively

enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

1,282,493

DEPRECIATION

At 1 January 2014

141,773

Charge for year

12,780

At 31 December 2014

154,553

NET BOOK VALUE

At 31 December 2014

1,127,940

At 31 December 2013

1,140,720

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

23,500

Ordinary A

£1

23,500

23,500

23,500

Ordinary B

£1

23,500

23,500

23,500

Ordinary C

£1

23,500

23,500

23,500

Ordinary D

£1

23,500

23,500

6,000

Ordinary E

£1

6,000

6,000

100,000

100,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

5.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of P.J.J.J. Property Company Limited for the year ended 31 December 2014 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of P.J.J.J. Property Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P.J.J.J. Property Company Limited and state those matters that we have agreed to state to the Board of Directors of P.J.J.J. Property Company Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P.J.J.J. Property Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P.J.J.J. Property Company Limited. You consider that P.J.J.J. Property Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P.J.J.J. Property Company

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cowgill, Holloway & Co

8 -10 Bolton Street

Ramsbottom

Bury

Lancs

BL0 9HX

Date: .............................................