JLL Properties Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC375335 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

JLL PROPERTIES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J Hewitt

REGISTERED OFFICE:

3 A

Butlerfield Industrial Estate

Bonnyrigg

Midlothian

EH19 6AJ

REGISTERED NUMBER:

SC375335 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

Lloyds TSB

28 Hanover Street

Edinburgh

EH2 2DS

SOLICITORS:

Sturrock, Armstrong & Thomson

2 Randolph Place

Edinburgh

Midlothian

EH3 7TQ

FIXED ASSETS

Investment property

2

284,682

284,682

CURRENT ASSETS

Cash at bank

3,206

-

CREDITORS

Amounts falling due within one year

3

97,752

90,814

NET CURRENT LIABILITIES

(94,546

)

(90,814

)

TOTAL ASSETS LESS CURRENT LIABILITIES

190,136

193,868

CREDITORS

Amounts falling due after more than one year

3

166,672

180,281

NET ASSETS

23,464

13,587

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

23,364

13,487

SHAREHOLDERS' FUNDS

23,464

13,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

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 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 director on 26 October 2015 and were signed by:

J Hewitt - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents the total of rent received by the company for the rental of own property.

Investment property

No depreciation is provided on investment properties and they are included at the balance sheet at their open

market values. This policy represents a departure from statutory accounting principles, which require

depreciation to be provided on all fixed assets. The director considers that this policy is necessary in order that

the accounts give a true and fair view, because current values are of prime importance rather than the calculation

of systematic annual depreciation.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2014

and 31 March 2015

284,682

NET BOOK VALUE

At 31 March 2015

284,682

At 31 March 2014

284,682

3.

CREDITORS

Creditors include an amount of £ 177,455 (2014 - £ 188,238 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The balance of the loan due by the company to the director at the balance sheet date amounted to £70,649

(2014:£70,649). The maximum balance due by the company during the year was £70,649 (2014:£70,096).