Abbreviated Company Accounts - BARRIE JONES & SON PROPERTIES LTD.

Abbreviated Company Accounts - BARRIE JONES & SON PROPERTIES LTD.

FFYNNON PROPERTIES LTD - Company Information

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Registered Number 02224613

BARRIE JONES & SON PROPERTIES LTD.

Abbreviated Accounts

31 March 2015

BARRIE JONES & SON PROPERTIES LTD. Registered Number 02224613

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,314,797 1,445,471
1,314,797 1,445,471
Current assets
Cash at bank and in hand 102,847 15,045
102,847 15,045
Creditors: amounts falling due within one year 3 (17,770) (22,256)
Net current assets (liabilities) 85,077 (7,211)
Total assets less current liabilities 1,399,874 1,438,260
Creditors: amounts falling due after more than one year 3 (854,066) (909,803)
Total net assets (liabilities) 545,808 528,457
Capital and reserves
Called up share capital 100 100
Revaluation reserve 363,681 408,681
Profit and loss account 182,027 119,676
Shareholders' funds 545,808 528,457
  • For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their 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.

Approved by the Board on 23 December 2015

And signed on their behalf by:
B.J.P. Jones, Director

BARRIE JONES & SON PROPERTIES LTD. Registered Number 02224613

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the gross rental income received during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows :

Plant & Equipment : 25% reducing balance

Other accounting policies
No depreciation is provided on investment properties as a result of SSAP19. This represents a departure from the Companies Act to give a true and fair view.

2Tangible fixed assets
£
Cost
At 1 April 2014 1,465,268
Additions 9,403
Disposals (136,536)
Revaluations -
Transfers -
At 31 March 2015 1,338,135
Depreciation
At 1 April 2014 19,797
Charge for the year 3,541
On disposals -
At 31 March 2015 23,338
Net book values
At 31 March 2015 1,314,797
At 31 March 2014 1,445,471
3Creditors
2015
£		 2014
£
Secured Debts 58,506 64,985
Instalment debts due after 5 years 21,306 33,092