DOH & LJH Properties Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07102259 (England and Wales)

DOH & LJH PROPERTIES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D O Hall

Mrs L J Hall

REGISTERED OFFICE:

Mount Manor House

16 The Mount

Guildford

Surrey

GU2 4HN

REGISTERED NUMBER:

07102259 (England and Wales)

FIXED ASSETS

Investment property

2

554,828

554,828

CURRENT ASSETS

Debtors

30,529

6,708

CREDITORS

Amounts falling due within one year

531,442

490,223

NET CURRENT LIABILITIES

(500,913

)

(483,515

)

TOTAL ASSETS LESS CURRENT LIABILITIES

53,915

71,313

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

52,915

70,313

SHAREHOLDERS' FUNDS

53,915

71,313

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 22 December 2015 and were signed on its behalf by:

D O Hall - Director

Mrs L J Hall - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the date of the balance sheet the company has net liabilities of £500,913 (2014 - £483,515). The

use of the going concern basis of accounting is appropriate because there are no material

uncertainties related to events or conditions that may cast significant doubt about the ability of the

company to continue as a going concern.

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).

In order to give a true and fair view the company has taken a true and fair override of the Companies

Act requirement to depreciate investment properties. Further information is given under the

Investment Property accounting policy below.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents rents received. Rental income is recognised on an accruals basis.

Investment property

Investment property is shown at open market value. Any aggregate surplus arising from changes in

market value is transferred to a revaluation reserve. Deficits are eliminated against any revaluation

reserve in respect of that income generating unit, unless a deficit (or its reversal) on an individual

investment property is expected to be permanent, in which case it shall be charged to the profit and

loss account. Surpluses or deficits realised on the disposal of investment properties are transferred

from the revaluation reserve to the profit and loss reserve.

Investment property is not depreciated. While this is in accordance with the FRSSE, it does not

comply with the requirements contained in the Companies Act 2006 that all assets should be

depreciated over their useful economic life. The directors consider that this departure from the

requirements of the Companies Act 2006 is required in order to give a true and fair view. The effect of

this departure from the Companies Act has not been quantified because it is impractical and, in the

opinion of the directors, would be misleading.

Taxation

The charge for taxation is based on the profit for the year and takes into account taxation deferred.

Current tax is measured at amounts expected to be paid using the tax rates and laws that have been

enacted or substantially enacted by the balance sheet date.

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

At 1 April 2014

and 31 March 2015

554,828

NET BOOK VALUE

At 31 March 2015

554,828

At 31 March 2014

554,828

The directors are of the opinion that the open market values of the investment properties as at 31

March 2015 are not materially different to the values as at the dates of purchase during 2011.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

£1

1,000

1,000