James Trust Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 00445538

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

JAMES TRUST LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D L Graham

G J Graham

R A Graham

SECRETARY:

A Browne

REGISTERED OFFICE:

28 Hereford Road

LONDON

W2 5AJ

REGISTERED NUMBER:

00445538

ACCOUNTANTS:

Durrants - Calleva

Accountants and Tax Advisors

2a Zodiac House

Calleva Park

Aldermaston

Berkshire

RG7 8HN

FIXED ASSETS

Investment property

2

3,156,416

3,156,416

CURRENT ASSETS

Debtors

-

52,956

Cash at bank

280,725

105,331

280,725

158,287

CREDITORS

Amounts falling due within one year

126,464

116,722

NET CURRENT ASSETS

154,261

41,565

TOTAL ASSETS LESS CURRENT LIABILITIES

3,310,677

3,197,981

CAPITAL AND RESERVES

Called up share capital

3

51,000

51,000

Revaluation reserve

1,213,439

1,213,439

Profit and loss account

2,046,238

1,933,542

SHAREHOLDERS' FUNDS

3,310,677

3,197,981

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 directors acknowledge their 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 Board of Directors on 13 November 2015 and were signed on its behalf by:

R A Graham - Director

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 net invoiced rent, excluding value added tax, from investment properties owned.

Investment property

Investment properties are stated at the most recent valuation.

Myddleton and Major perform a professional valuation at least every 5 years. The Directors perform interim

valuations at every year end in between.

Depreciation is not provided in respect of investment properties.

Deferred tax

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

balance sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2014

and 31 March 2015

3,156,416

NET BOOK VALUE

At 31 March 2015

3,156,416

At 31 March 2014

3,156,416

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/15

31/3/14

value:

£

£

51,000

Ordinary

£1

51,000

51,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES