James Laurence Limited - Limited company - abbreviated - 11.9
James Laurence Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015 |
| FOR |
| JAMES LAURENCE LIMITED |
| JAMES LAURENCE LIMITED (REGISTERED NUMBER: 04105682) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 March 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| JAMES LAURENCE LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 March 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| JAMES LAURENCE LIMITED (REGISTERED NUMBER: 04105682) |
| ABBREVIATED BALANCE SHEET |
| 31 March 2015 |
| 31.3.15 | 31.3.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| JAMES LAURENCE LIMITED (REGISTERED NUMBER: 04105682) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 March 2015 |
| The financial statements were approved by the Board of Directors on |
| JAMES LAURENCE LIMITED (REGISTERED NUMBER: 04105682) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 March 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 rents receivable on properties. |
| Investment property |
| In accordance with the FRSSE (effective April 2008), the company's properties are held for long-term investment and are |
| included in the Balance Sheet at their open market values. The surplus or deficit on annual revaluation of such properties |
| are transferred to the investment property revaluation reserve. |
| Depreciation is not provided in respect of freehold and long and short leasehold investment properties. This policy |
| represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. |
| The directors consider that this policy is necessary in order that the accounts may give a true and fair view because current |
| values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. |
| Depreciation is only one of many factors reflected in the valuation. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| However,deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that |
| there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. |
| Deferred taxation is measured on a non-discounted 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 dates. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 | 1 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 1,746 | (634 | ) |
| Profit for the year | 2,380 | 842 |
| JAMES LAURENCE LIMITED (REGISTERED NUMBER: 04105682) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 March 2015 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2014 |
| Disposals | ( |
) |
| Revaluations |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 31.3.15 | 31.3.14 |
| £ | £ |
| Repayable otherwise than by instalments | 1,884,542 | 2,688,001 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
| value: | £ | £ |
| Ordinary | £1 |