Accounts filed on 31-08-2014
Accounts filed on 31-08-2014
trueJCA Thirtyfive LimitedNI6197932014-08-31-7928-79271-7927-7927-14992715296830413041142000142000Basis of accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the Period.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
142000142000142000142000Ordinary011Balance sheet Spare note 3 (user defined)Investment Property
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation is provided in respect of freehold properties held as investments. This is a departure from the Companies Act 2005 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give an true and fair view. Depreciation is only one of many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.2015-06-23Mr T Wilsontruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureJCA Thirtyfive Limited2013-08-122014-08-31JCA Thirtyfive Limited2012-09-012013-08-11JCA Thirtyfive Limited2012-08-31JCA Thirtyfive Limited2013-08-11JCA Thirtyfive Limited2013-08-11JCA Thirtyfive Limited2014-08-31 2015-07-15
