John Barry Property Limited - Period Ending 2015-04-30

Registration number: 06868186

John Barry Property Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2015
 

John Barry Property Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

John Barry Property Limited
(Registration number: 06868186)
Abbreviated Balance Sheet at 30 April 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					743,514			1,513,710
Current assets
Debtors					465,377			28,346
Cash at bank and in hand					5,724			19,364
					471,101			47,710
Creditors: Amounts falling due within one year					(657,171)			(669,067)
Net current liabilities					(186,070)			(621,357)
Total assets less current liabilities					557,444			892,353
Creditors: Amounts falling due after more than one year					(134,340)			(136,881)
Net assets					423,104			755,472
Capital and reserves
Called up share capital		3			1			1
Revaluation reserve					403,488			806,976
Profit and loss account					19,615			(51,505)
Shareholders' funds					423,104			755,472

For the year ending 30 April 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 director acknowledges his 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 director on 28 January 2016

.........................................
Mr J B Stevenson
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

John Barry Property Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover is recognised when the company obtains the right to consideration

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% straight line

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2014		1,520,717			1,520,717
Additions		74,669			74,669
Disposals		(846,449)			(846,449)
At 30 April 2015		748,937			748,937
Depreciation
At 1 May 2014		7,007			7,007
Charge for the year		2,051			2,051
Eliminated on disposals		(3,635)			(3,635)
At 30 April 2015		5,423			5,423
Net book value
At 30 April 2015		743,514			743,514
At 30 April 2014		1,513,710			1,513,710

Page 2

John Barry Property Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3