Javlin Homes Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04444135 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2015

for

Javlin Homes Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

N A Jarvis

L A Jarvis

SECRETARY:

White House Secretaries Limited

REGISTERED OFFICE:

111 Milford Road

Lymington

Hampshire

SO41 8DN

REGISTERED NUMBER:

04444135 (England and Wales)

ACCOUNTANTS:

Heslops Associates Limited

111 Milford Road

Lymington

Hampshire

SO41 8DN

FIXED ASSETS

Tangible assets

2

5,810

9,510

CURRENT ASSETS

Stocks

904,276

1,183,419

Debtors

1,374

3,330

Cash at bank

17,535

81,394

923,185

1,268,143

CREDITORS

Amounts falling due within one year

3

891,885

1,273,189

NET CURRENT ASSETS/(LIABILITIES)

31,300

(5,046

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,110

4,464

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

37,108

4,462

SHAREHOLDERS' FUNDS

37,110

4,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 8 April 2016 and were signed on its behalf by:

N A Jarvis - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

41,614

DEPRECIATION

At 1 June 2014

32,104

Charge for year

3,700

At 31 May 2015

35,804

NET BOOK VALUE

At 31 May 2015

5,810

At 31 May 2014

9,510

3.

CREDITORS

Creditors include an amount of £ 0 (31.5.14 - £ 592,500 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

2

Ordinary

1

2

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Directors have loaned the company £30,500 on an interest free basis.

6.	ULTIMATE CONTROLLING PARTY

100% of the issued share capital is beneficially owned by Mr & Mrs N Jarvis.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Javlin Homes Limited for the year ended 31 May 2015 which comprise the Profit and Loss Account, the Balance

Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Javlin Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Javlin Homes Limited and state those matters that we have agreed to state to the Board of Directors of Javlin Homes Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Javlin Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Javlin Homes Limited. You consider that Javlin Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Javlin Homes Limited. For this reason,

we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us

and we do not, therefore, express any opinion on the statutory financial statements.

Heslops Associates Limited

111 Milford Road

Lymington

Hampshire

SO41 8DN

8 April 2016