Abbreviated Company Accounts - J & M (GUEST HOUSE) LIMITED

J & M (GUEST HOUSE) LIMITED - Company Information

07358156 J & M (GUEST HOUSE) LIMITED 2014-11-30 false 2013-12-01 2014-11-30 true 07358156 2013-12-01 2014-11-30 07358156 2014-11-30 07358156 2013-11-30 07358156 uk-gaap-cd-bus:Director1 2013-12-01 2014-11-30 07358156 uk-gaap-cd-bus:Director2 2013-12-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-30 iso4217:GBP shares

Registered Number 07358156

J & M (GUEST HOUSE) LIMITED

Abbreviated Accounts

30 November 2014

J & M (GUEST HOUSE) LIMITED Registered Number 07358156

Abbreviated Balance Sheet as at 30 November 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	4,250	4,500
Tangible assets	3	558,064	556,372
		562,314	560,872
Current assets
Stocks		322	316
Debtors		1,693	999
Cash at bank and in hand		18,607	13,497
		20,622	14,812
Creditors: amounts falling due within one year	4	(32,353)	(31,292)
Net current assets (liabilities)		(11,731)	(16,480)
Total assets less current liabilities		550,583	544,392
Creditors: amounts falling due after more than one year	4	(536,829)	(526,150)
Total net assets (liabilities)		13,754	18,242
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		13,654	18,142
Shareholders' funds		13,754	18,242

For the year ending 30 November 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 January 2015

And signed on their behalf by:
M Moore, Director

J & M (GUEST HOUSE) LIMITED Registered Number 07358156

Notes to the Abbreviated Accounts for the period ended 30 November 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 20% straight line
Fixtures & Fittings - 10% straight line
Motor vehicles - 25% reducing balance
Equipment - 20% straight line

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill - 20 years straight line

2Intangible fixed assets

	£
Cost
At 1 December 2013	5,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2014	5,000
Amortisation
At 1 December 2013	500
Charge for the year	250
On disposals	-
At 30 November 2014	750
Net book values
At 30 November 2014	4,250
At 30 November 2013	4,500

3Tangible fixed assets

	£
Cost
At 1 December 2013	585,944
Additions	20,220
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2014	606,164
Depreciation
At 1 December 2013	29,572
Charge for the year	18,528
On disposals	-
At 30 November 2014	48,100
Net book values
At 30 November 2014	558,064
At 30 November 2013	556,372

4Creditors

	2014 £	2013 £
Secured Debts	197,920	212,209
Instalment debts due after 5 years	163,454	175,184

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100