JDS Properties and Developments Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06138382 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31st March 2015

for

JDS Properties and Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

J D Rogers

SECRETARY:

REGISTERED OFFICE:

36 Basset Road

CAMBORNE

Cornwall

TR14 8SL

REGISTERED NUMBER:

06138382 (England and Wales)

ACCOUNTANTS:

Anthony Williams & Co Limited

14 North Parade

Penzance

Cornwall

TR18 4SL

FIXED ASSETS

Tangible assets

2

190,948

154,383

CURRENT ASSETS

Stocks

6,000

10,914

Debtors

446,739

386,173

Cash at bank and in hand

346,951

205,980

799,690

603,067

CREDITORS

Amounts falling due within one year

328,690

213,856

NET CURRENT ASSETS

471,000

389,211

TOTAL ASSETS LESS CURRENT LIABILITIES

661,948

543,594

CREDITORS

Amounts falling due after more than one year

(3,846

)

(7,760

)

PROVISIONS FOR LIABILITIES

(25,869

)

(18,407

)

NET ASSETS

632,233

517,427

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

632,033

517,227

SHAREHOLDERS' FUNDS

632,233

517,427

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 3rd November 2015 and were signed by:

J D Rogers - 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

The expected residual value of the property at the end of its expected useful life is thought to be in

excess of its carrying value in these accounts. Therefore the depreciable amount is nil and there is no

depreciation in these accounts for freehold property.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

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

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

241,375

Additions

78,236

At 31st March 2015

319,611

DEPRECIATION

At 1st April 2014

86,992

Charge for year

41,671

At 31st March 2015

128,663

NET BOOK VALUE

At 31st March 2015

190,948

At 31st March 2014

154,383

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

11

A Ordinary

£10

110

110

9

B Ordinary

£10

90

90

200

200

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of JDS Properties and Developments Limited for the year ended 31st March 2015

which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/membershandbook.

This report is made solely to the director of JDS Properties and Developments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JDS Properties and Developments Limited and state those matters that we have agreed to state to the director of JDS Properties and Developments Limited in this report in accordance with AAF 2/10 as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that JDS Properties and Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JDS Properties and Developments Limited. You consider that JDS Properties and Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JDS Properties

and Developments Limited. For this reason, we have not verified the accuracy or completeness of the

accounting records or information and explanations you have given to us and we do not, therefore, express

any opinion on the statutory financial statements.

Anthony Williams & Co Limited

14 North Parade

Penzance

Cornwall

TR18 4SL

4th November 2015