Jems Limited - Limited company - abbreviated - 11.0.0

Jems Limited - Limited company - abbreviated - 11.0.0

JEMS LIMITED - Company Information

Print Friendly Version

00508614 1.1.13 31.12.13 31.12.13 Company accounts Private Limited Company FY true false true false true false false Ordinary A 1.00000 Ordinary B Non Voting 1.00000 Ordinary C Deferred Non Voting 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure005086142012-12-31005086142013-12-31005086142013-01-012013-12-31005086142011-12-31005086142012-01-012012-12-31005086142012-12-3100508614ns12:England2013-01-012013-12-3100508614ns14:PoundSterling2013-01-012013-12-3100508614ns7:Director12013-01-012013-12-3100508614ns7:OrdinaryShareClass12013-01-012013-12-3100508614ns7:OrdinaryShareClass22013-01-012013-12-3100508614ns7:OrdinaryShareClass32013-01-012013-12-3100508614ns7:CompanySecretary2013-01-012013-12-3100508614ns7:RegisteredOffice2013-01-012013-12-3100508614ns7:EntityAccountantsOrAuditors2013-01-012013-12-3100508614ns5:InvestmentProperties2013-12-3100508614ns5:InvestmentProperties2012-12-3100508614ns5:PlantMachinery2013-01-012013-12-3100508614ns5:FixedAssetInvestmentsOtherThanLoans2013-12-3100508614ns5:FixedAssetInvestmentsOtherThanLoans2012-12-3100508614ns5:InvestmentProperties2012-12-3100508614ns5:InvestmentProperties2013-01-012013-12-3100508614ns7:OrdinaryShareClass12013-12-3100508614ns7:OrdinaryShareClass12012-12-3100508614ns7:OrdinaryShareClass22013-12-3100508614ns7:OrdinaryShareClass22012-12-3100508614ns7:OrdinaryShareClass32013-12-3100508614ns7:OrdinaryShareClass32012-12-31
REGISTERED NUMBER: 00508614 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

JEMS LIMITED

JEMS LIMITED (REGISTERED NUMBER: 00508614)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

JEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2013







DIRECTOR: J E Rossiter





SECRETARY: R Geary





REGISTERED OFFICE: The Beeches
Vernon Avenue
Harcourt Hill
Oxford
Oxfordshire
OX2 9AU





REGISTERED NUMBER: 00508614 (England and Wales)





ACCOUNTANTS: Logan & Brewerton
Chartered Certified Accountants
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT
Page 1
JEMS LIMITED (REGISTERED NUMBER: 00508614)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,439 2,870
Investments 3 - -
Investment property 4 570,000 500,000
572,439 502,870

CURRENT ASSETS
Debtors - 166
Cash at bank 4,024 6,231
4,024 6,397
CREDITORS
Amounts falling due within one year 29,690 54,136
NET CURRENT LIABILITIES (25,666 ) (47,739 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
546,773
455,131

CAPITAL AND RESERVES
Called up share capital 5 30,000 30,000
Revaluation reserve 392,006 322,006
Profit and loss account 124,767 103,125
SHAREHOLDERS' FUNDS 546,773 455,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 21 September 2014 and were signed by:



J E Rossiter - Director


The notes form part of these abbreviated accounts

Page 2
JEMS LIMITED (REGISTERED NUMBER: 00508614)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013

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).

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

Plant and machinery - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

In accordance with SSAP 19, no depreciation is charged in respect of the investment property. This policy
represents a departure from the requirements of Companies Act 1985, to provide systematic annual depreciation
for fixed assets. However, as this property is held for investment and not consumption, the director considers the
adoption of this policy necessary to give a true and fair view.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013
and 31 December 2013 12,734
DEPRECIATION
At 1 January 2013 9,864
Charge for year 431
At 31 December 2013 10,295
NET BOOK VALUE
At 31 December 2013 2,439
At 31 December 2012 2,870

Page 3 continued...
JEMS LIMITED (REGISTERED NUMBER: 00508614)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2013

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 January 2013
and 31 December 2013 173,316
PROVISIONS
At 1 January 2013
and 31 December 2013 173,316
NET BOOK VALUE
At 31 December 2013 -
At 31 December 2012 -

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2013 500,000
Revaluations 70,000
At 31 December 2013 570,000
NET BOOK VALUE
At 31 December 2013 570,000
At 31 December 2012 500,000

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
2,500 Ordinary A £1 2,500 2,500
2,500 Ordinary B Non Voting £1 2,500 2,500
25,000 Ordinary C Deferred Non Voting £1 25,000 25,000
30,000 30,000

Page 4