JOHN_WILLIAMS_(HIGH_WYCOM - Accounts

JOHN WILLIAMS (HIGH WYCOMBE) LIMITED - Company Information

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Company Registration No. 00367682 (England and Wales)

JOHN WILLIAMS (HIGH WYCOMBE) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

JOHN WILLIAMS (HIGH WYCOMBE) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

JOHN WILLIAMS (HIGH WYCOMBE) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

550,000

Current assets

Debtors

238,027

230,083

Cash at bank and in hand

77,742

66,497

315,769

296,580

Creditors: amounts falling due within one year

(376,545)

(349,572)

Net current liabilities

(60,776)

(52,992)

Total assets less current liabilities

489,224

497,008

Creditors: amounts falling due after more than one year

(80,769)

(101,762)

408,455

395,246

Capital and reserves

Called up share capital

3,200

Revaluation reserve

356,221

Profit and loss account

49,034

35,825

Shareholders' funds

408,455

395,246

For the financial year ended 30 September 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 15 June 2015

M.G. Holland

Director

Company Registration No. 00367682

JOHN WILLIAMS (HIGH WYCOMBE) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

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 total rental income.

1.4

Tangible fixed assets and depreciation

Land and buildings Freehold

No depreciation is provided in respect of freehold property.

The directors consider that the freehold property is maintained in such a state of repair that its residual value is at least equal to its net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.

This is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors a departure from this requirement is necessary for the financial statements to give a true and fair view.

Up to and including the year ended 30 September 2000, it was the company policy to revalue the freehold property. In the year ended 30 September 2001 the company has adopted the transitional provisions of paragraph 19.3 of Financial Reporting Standard for Smaller Entities. Whilst previous valuations have been retained, they have not been updated. From September 2001 it is the company policy not to revalue fixed assets. The last valuation was in September 2000 by the directors at open market value.

Fixed assets

Tangible assets

Cost or valuation

At 1 October 2013 & at 30 September 2014

550,000

At 30 September 2013

550,000

Debtors

Debtors include an amount of £236,474 (2013 - £228,530) which is due after more than one year.

JOHN WILLIAMS (HIGH WYCOMBE) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 3 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £21,004 (2013 - £20,333).

Creditors: amounts falling due after more than one year

2014

2013

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

13,498

The aggregate amount of creditors for which security has been given amounted to £80,758 (2013 - £101,762.

Share capital

2014

2013

Allotted, called up and fully paid

3,200 Ordinary Shares of £1 each

3,200

Ultimate parent company

The ultimate parent company is Phoenix House Holdings Limited, a company registered in England.

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

M.G .Holland - Director

1,242