Jonathan Richards Properties Limited - Limited company - abbreviated - 11.6
Jonathan Richards Properties Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Jonathan Richards Properties Limited |
| ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2015 |
| Jonathan Richards Properties Limited (Registered number: 06471742) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 January 2015 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 3 |
| Jonathan Richards Properties Limited (Registered number: 06471742) |
| ABBREVIATED BALANCE SHEET |
| 31 January 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| Jonathan Richards Properties Limited (Registered number: 06471742) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 January 2015 |
| The director acknowledges his 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 financial statements were approved by the director on |
| Jonathan Richards Properties Limited (Registered number: 06471742) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 January 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
| 2008). |
| Turnover |
| Turnover represents rent receivable or net invoiced sale of services, excluding value added tax. |
| Tangible fixed assets |
| Plant & equipment | - |
| All fixed assets are initially recorded at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| market value is transferred to a revaluation reserve. |
| All investment properties are valued annually by qualified external valuers or by officers of the company, at |
| market value. No depreciation is provided on investment properties as the director considers that, as these |
| properties are held for investment, to depreciate them would not give a true and fair view. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or |
| a right to pay less or to receive more, tax. |
| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in |
| which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance |
| sheet date. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
| as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that |
| evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2014 |
| and 31 January 2015 |
| DEPRECIATION |
| At 1 February 2014 |
| Charge for year |
| At 31 January 2015 |
| NET BOOK VALUE |
| At 31 January 2015 |
| At 31 January 2014 |
| Jonathan Richards Properties Limited (Registered number: 06471742) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 January 2015 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 February 2014 |
| and 31 January 2015 |
| NET BOOK VALUE |
| At 31 January 2015 |
| At 31 January 2014 |
| 4. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable by instalments | 42,735 | 42,628 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1.00 |
| 6. | RELATED PARTY DISCLOSURES |
| Alan Saxton Limited |
| A company in which Mr Saxton was director and shareholder |
| The company paid £2,700 to Alan Saxton Limited for goods and services. |
| 2015 | 2014 |
| £ | £ |
| Amount due to related party at the balance sheet date |