J. & D. Mackintosh (Investments) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01136717 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015

FOR

J. & D. MACKINTOSH (INVESTMENTS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs A Obee

T.G. Obee

REGISTERED OFFICE:

St James's House

8 Overcliffe

Gravesend

Kent

DA11 0HJ

REGISTERED NUMBER:

01136717 (England and Wales)

ACCOUNTANTS:

The Carley Partnership

St James's House

8 Overcliffe

Gravesend

Kent

DA11 0HJ

FIXED ASSETS

Tangible assets

2

2,962,168

2,997,530

CURRENT ASSETS

Debtors

3,019

2,595

Cash at bank

7,479

17,119

10,498

19,714

CREDITORS

Amounts falling due within one year

275,910

370,389

NET CURRENT LIABILITIES

(265,412

)

(350,675

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,696,756

2,646,855

CREDITORS

Amounts falling due after more than one year

3

(744,272

)

(746,848

)

PROVISIONS FOR LIABILITIES

(57

)

(132

)

NET ASSETS

1,952,427

1,899,875

CAPITAL AND RESERVES

Called up share capital

4

1,500

1,500

Revaluation reserve

1,374,640

1,381,640

Profit and loss account

576,287

516,735

1,952,427

1,899,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 26 January 2016 and were signed on its behalf by:

Mrs A Obee - Director

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 gross rents receivable.

Tangible fixed assets and investment properties

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 25% on cost

Freehold investment properties are revalued annually. Surpluses or deficits on revaluations are transferred to the

investment property revaluation reserve.

Depreciation is not provided in respect of freehold investment properties. This represents a departure from the

provisions of the Companies Act 2006, but the directors consider that this is necessary to give a true and fair

view. The company believes that a policy of regular repair and maintenance ensures that the estimated residual

values of its properties at the balance sheet date are maintained at levels not materially different from the

carrying amount of the assets. As such, no depreciation charge is made on the grounds that any such charge

would be immaterial.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 May 2014

3,013,567

Disposals

(125,000

)

Revaluations

90,000

At 30 April 2015

2,978,567

DEPRECIATION

At 1 May 2014

16,037

Charge for year

362

At 30 April 2015

16,399

NET BOOK VALUE

At 30 April 2015

2,962,168

At 30 April 2014

2,997,530

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

£

Repayable otherwise than by instalments

441,525

441,525

Repayable by instalments

39,897

42,473

481,422

483,998

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

2015

2014

£

£

500

Ordinary A

£1

500

500

150

Ordinary B

£1

150

150

150

Ordinary C

£1

150

150

350

Ordinary D

£1

350

350

350

Ordinary E

£1

350

350

1,500

1,500