J P Morgan Trust Investment Company - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00927373

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

THE J P MORGAN TRUST INVESTMENT

COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr M V Morgan

Mrs J E Morgan

Mr C J Meyer

Mr S P Morgan

SECRETARY:

Mr M V Morgan

REGISTERED OFFICE:

58 Queen Anne Street

London

W1G 8HW

REGISTERED NUMBER:

00927373

ACCOUNTANTS:

Harford Michaels Kaye Limited

Chartered Certified Accountants

250 Hendon Way

London

NW4 3NL

FIXED ASSETS

Tangible assets

2

2,816

3,755

Investments

3

50,101

50,100

Investment properties

4

1,715,200

1,715,200

1,768,117

1,769,055

CURRENT ASSETS

Debtors

335,546

53,182

Cash at bank and in hand

9,403

12,347

344,949

65,529

CREDITORS

Amounts falling due within one year

56,963

274,643

NET CURRENT ASSETS/(LIABILITIES)

287,986

(209,114

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,056,103

1,559,941

CREDITORS

Amounts falling due after more than one year

(262,374

)

(5,223

)

PROVISIONS FOR LIABILITIES

(432

)

(591

)

NET ASSETS

1,793,297

1,554,127

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Revaluation reserve

820,142

820,142

Profit and loss account

972,155

732,985

SHAREHOLDERS' FUNDS

1,793,297

1,554,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 28 June 2015 and were signed on its behalf by:

Mr M V Morgan - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared in accordance with the Companies' Act 2006,and in accordance with the

Financial Reporting Standard for smaller entities (Effective April 2008).

Accounting convention

The financial statements have been prepared under the historical cost convention modified to include the

revaluation of freehold land & buildings and in accordance with the Financial Reporting Standard for Smaller

Entities (effective April 2008).

Preparation of consolidated financial statements

The Financial Statements present information about the company as an individual undertaking and not about its

group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore

taken advantage of the exemptions provided by Section 398 of the Companies Act 2006 not to prepare Group

Accounts.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents amounts receivable for services net of VAT plus rent.

Tangible fixed assets

Tangible Fixed Assets 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:

Plant & machinery - 25% Reducing balance

Fixtures, fittings & Equipment - 25% Reducing balance

Investment properties

Investment properties are included in the balance sheet at their open market value ( in accordance with the

requirements of SSAP 19). Depreciation is provided on those investment properties which are leasehold and

where the unexpired lease term is less than 20 years.

Deferred tax

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

sheet date.

Investments

Fixed assets investments are stated at cost less provision for diminution in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

46,089

DEPRECIATION

At 1 October 2013

42,334

Charge for year

939

At 30 September 2014

43,273

NET BOOK VALUE

At 30 September 2014

2,816

At 30 September 2013

3,755

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2013

50,100

Additions

1

At 30 September 2014

50,101

NET BOOK VALUE

At 30 September 2014

50,101

At 30 September 2013

50,100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Grosvenor International Property Consultants Limited

Country of incorporation: England

Nature of business: Estate agents & consultants

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

124,217

321,746

Profit for the year

52,471

18,716

Consolidated Recoveries Limited

Country of incorporation: England

Nature of business: Property Development

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

(2,583

)

(1,968

)

Loss for the year

(615

)

(562

)

Associated company

81 Fitzjohns Avenue Limited

Country of incorporation: England

Nature of business: Property Management Company

%

Class of shares:

holding

Ordinary shares

20.00

2014

£

Aggregate capital and reserves

79,201

Profit for the year

3,405

4.	INVESTMENT PROPERTIES

Total

£

COST OR VALUATION

At 1 October 2013

and 30 September 2014

1,715,200

NET BOOK VALUE

At 30 September 2014

1,715,200

At 30 September 2013

1,715,200

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary shares

£1

1,000

1,000

6.	ULTIMATE CONTROLLING PARTY