JUNCTION_STREET_PROPERTIE - Accounts

JUNCTION STREET PROPERTIES LIMITED - Company Information

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Company Registration No. 04916695 (England and Wales)

JUNCTION STREET PROPERTIES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

31 JULY 2014

JUNCTION STREET PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT 31 JULY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

370,000

219,187

Current assets

Cash at bank and in hand

10,356

9,147

Creditors: amounts falling due within one year

(106,584)

(125,790)

Net current liabilities

(96,228)

(116,643)

Total assets less current liabilities

273,772

102,544

Capital and reserves

Called up share capital

1,000

Revaluation reserve

118,100

Profit and loss account

154,672

101,544

Shareholders' funds

273,772

102,544

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

Directors' responsibilities:

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

The directors acknowledge their 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 28 April 2015

R M Liddle

Director

Company Registration No. 04916695

JUNCTION STREET PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable in respect of property rentals.

1.4

Tangible fixed assets and depreciation

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

Land and buildings Freehold

2% per annum (Straight line method)

Fixed assets

Tangible assets

Cost or valuation

At 1 August 2013

251,900

Revaluation

118,100

At 31 July 2014

370,000

Depreciation

At 1 August 2013

32,713

Charge for the year

(32,713)

At 31 July 2014

Net book value

At 31 July 2014

370,000

At 31 July 2013

219,187

Share capital

2014

2013

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000