J.R. ESTATES LIMITED - Accounts 2013


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/12/2013

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 02062710


Registered Number: 02062710

BALANCE SHEET AT 31/12/2013

			2013		2012
	Notes		£		£

FIXED ASSETS
Tangible assets	2		789,000		789,000

CURRENT ASSETS
Debtors (amounts falling due within one year)	3	7,660		9,318
Cash at bank and in hand		118,968		90,410
		126,628		99,728
CREDITORS: Amounts falling due within one year		71,185		70,627
NET CURRENT ASSETS			55,443		29,101
TOTAL ASSETS LESS CURRENT LIABILITIES			844,443		818,101


CREDITORS: Amounts falling due after more than one year	4		45,836		61,912

NET ASSETS			798,607		756,189

CAPITAL AND RESERVES

Called up share capital	5		100		100
Revaluation reserve	,6		9,823		9,823
Profit and loss account			788,684		746,266
SHAREHOLDERS' FUNDS			798,607		756,189

For the year ending 31/12/2013 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 31/05/2014 and signed on their behalf by




J. C. Groves
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.




1c. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




2. TANGIBLE FIXED ASSETS

	Investment
	Properties	Total
	£	£
Cost
At 01/01/2013	789,000	789,000
At 31/12/2013	789,000	789,000
Depreciation
At 31/12/2013	-	-
Net Book Amounts
At 31/12/2013	789,000	789,000
At 31/12/2012	789,000	789,000
The investment properties were valued by the directors on 31st December 2012.
Investment properties included at valuation would have been included on a historical cost basis of £779,177 (2012: £779,177). Depreciation is not charged on investment properties.




3. DEBTORS	2013	2012
	£	£

Amounts falling due within one year:
Trade debtors	7,660	8,157
Other debtors	-	1,161
	7,660	9,318




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2013	2012
	£	£
Bank loans and overdrafts	45,836	61,912
	45,836	61,912




5. SHARE CAPITAL	2013	2012
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100
	100	100




6. REVALUATION RESERVE	2013	2012
	£	£
Investment property revaluation reserve b/fwd	9,823	70,823
Investment property revaluation reserve movement	-	(61,000)
	9,823	9,823




7. CONTROLLING PARTY
The company is under the control of its directors by virtue of their equal interest in the issued share capital of the company.