JANDK_HOMES_LIMITED - Accounts

JANDK HOMES LIMITED - Company Information

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Company Registration No. 08640521 (England and Wales)

JANDK HOMES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

JANDK HOMES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

JANDK HOMES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

251,313

231,313

Current assets

Debtors

4,600

100

Cash at bank and in hand

29,069

48,411

33,669

48,511

Creditors: amounts falling due within one year

(280,860)

(280,900)

Net current liabilities

(247,191)

(232,389)

Total assets less current liabilities

4,122

(1,076)

Capital and reserves

Called up share capital

100

Profit and loss account

4,022

(1,176)

Shareholders' funds

4,122

(1,076)

For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 April 2016

Mr J M Birchill

Director

Company Registration No. 08640521

JANDK HOMES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company is reliant on the support of its director and its related companies by way of loans. Assurances have be given that these loans will not be repaid for the foreseeable future.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment

20% per annum of net book value

Investment properties are included in the balance sheet at their open market value at acquistion. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

JANDK HOMES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 September 2014

231,313

Additions

25,000

At 31 August 2015

256,313

Depreciation

At 1 September 2014

Charge for the period

5,000

At 31 August 2015

5,000

Net book value

At 31 August 2015

251,313

At 31 August 2014

231,313

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100