Jask Limited,Ltd - Accounts

Jask Limited,Ltd - Accounts

JASK LIMITED - Company Information

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2014-04-01 true false Private Limited Company 03742725 2015-03-31 03742725 2014-04-01 2015-03-31 03742725 2014-03-31 03742725 2013-04-01 2014-03-31 03742725 uk-bus:Director1 2014-04-01 2015-03-31 03742725 uk-gaap:Buildings 2014-04-01 2015-03-31 03742725 uk-gaap:FixturesFittings 2014-04-01 2015-03-31 03742725 uk-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP
Jask Limited
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03742725
2
Contents Page
Jask Limited
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Jask Limited
Accountants' Report
For the year ended 31 March 2015
In accordance with our verbal agreement, and in order to assist you to fulfil your duties under the Companies
Act 2006, we have compiled the financial statements of the Company which comprise the Profit and Loss
Account, the Balance Sheet and the related notes from the accounting records and information and
explanations you have given us.
This report is made to the Company's Board of Directors, as a body, in accordance with the terms of our
engagement. Our work has been undertaken so that we might compile the financial statements that we have
been engaged to compile, report to the Company's Board of Directors that we have done so, and state those
matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the Company and the
Company's Board of Directors, as a body, for our work or for this report.
You have acknowledged on the Balance Sheet as at year ended 31 March 2015 your duty to ensure that the
Company has kept proper accounting records and to prepare financial statements that give a true and fair
view under the Companies Act 2006. You consider that the Company is exempt from the statutory
requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements.
Nigel R Hale & Associates Ltd
Omega Court
368 Cemetery Road
Sheffield
S11 8FT
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4
Abbreviated Balance Sheet
Jask Limited
As at 31 March 2015
03742725
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
233,666
233,822
233,666
233,822
Current assets
Cash at bank and in hand
787
511
787
511
Creditors: amounts falling due within one year
(1,920)
(1,080)
(1,409)
(293)
Net current liabilities
Total assets less current liabilities
233,373
232,413
Creditors: amounts falling due after more than one year
(364,212)
(370,899)
(137,526)
Net liabilities
(131,799)
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
(137,626)
(131,899)
(137,526)
(131,799)
Shareholders funds
For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 30 December 2015
Ms K. Housley Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Jask Limited
For the year ended 31 March 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of investment property and holiday let rentals collected, excluding Value Added Tax. Turnover is recognised upon receipt of rental payments.
Deferred taxation
Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
Nil
Fixtures and Fittings
25% Reducing balance
No depreciation is provided on the company's freehold properties since in the opinion of the directors the
expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such
depreciation would be immaterial. The directors undertake an annual impairment review of these properties.
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6
Notes to the Abbreviated Financial Statements
Jask Limited
For the year ended 31 March 2015
2 Tangible fixed assets
Tangible
fixed assets
Cost or valuation
£
244,584
At 01 April 2014
At 31 March 2015
244,584
Depreciation
10,762
At 01 April 2014
156
Charge for year
10,918
At 31 March 2015
Net book values
At 31 March 2015
233,666
233,822
At 31 March 2014
3 Share capital
Authorised
1,000 Ordinary shares of £1.00 each
Allotted called up and fully paid
2015
2014
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
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