Accounts filed on 31-12-2014

trueJTY Limited073122292014-12-31-58629-51307184103-511072002002425320184103-51107800884629540984987578433-5791670125623321119834991116001213383377898556657676397595156714896159615Basis of accounting The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Consolidation In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts. Turnover The turnover shown in the profit and loss account represents rents receivable during the period. Investment properties Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This is in accordance with SSAP 19 which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.Fixed Assets All fixed assets are initially recorded at cost. 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. Fixtures & FittingsReducing balance0.1500976521567575166414242532570427143The Directors have valued the freehold properties at £752,644 and the leasehold at £222,500 as at 31 December 2014 (2013 - £415,040 and £151,158 respectively), being the market value as advised by suitably qualified independent experts. 96159615986136577190166414242532570427143 The Directors have valued the freehold properties at £752,644 and the leasehold at £222,500 as at 31 December 2014 (2013 - £415,040 and £151,158 respectively), being the market value as advised by suitably qualified independent experts. Ordinary1000110001000Ordinary1200200200Balance sheet Spare note 21 (user defined)Ultimate Controlling Party The company was under the control of its directors throughout the period.2015-09-16Mr J J Youngstruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureJTY Limited2014-01-012014-12-31JTY Limited2013-01-012013-12-31JTY Limited2012-12-31JTY Limited2013-12-31JTY Limited2013-12-31JTY Limited2014-12-31 2015-09-18