JD Investments (Bolton) Limited - Period Ending 2015-09-30

Registration number: 07710554

JD Investments (Bolton) Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

Beever and Struthers
Chartered Accountants
St George's House
215-219 Chester Road
Manchester
Lancashire
M15 4JE

JD Investments (Bolton) Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

JD Investments (Bolton) Limited
(Registration number: 07710554)
Abbreviated Balance Sheet at 30 September 2015

 

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					394,101			394,101
Current assets
Debtors					364,174			449,929
Cash at bank and in hand					126			164
					364,300			450,093
Creditors: Amounts falling due within one year					(428,652)			(517,157)
Net current liabilities					(64,352)			(67,064)
Total assets less current liabilities					329,749			327,037
Creditors: Amounts falling due after more than one year					(299,986)			(318,872)
Net assets					29,763			8,165
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					29,663			8,065
Shareholders' funds					29,763			8,165

For the year ending 30 September 2015 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 30 June 2016 and signed on its behalf by:

The notes on pages 3 to 5 form an integral part of these financial statements.
  Page 1

JD Investments (Bolton) Limited
(Registration number: 07710554)
Abbreviated Balance Sheet at 30 September 2015

 ......... continued

......................................... Mr D N Holt Director

......................................... Mrs K Holt Director

The notes on pages 3 to 5 form an integral part of these financial statements.
  Page 2

JD Investments (Bolton) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis. The directors have received no indication from the creditors that they will cease to give financial support to the company for twelve months from the date of signing these financial statements.

On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. However, should the financial support mentioned above not be forthcoming the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Turnover

Turnover represents amounts chargeable in respect of rental income.

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore 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 which might otherwise have been shown cannot be separately identified or quantified.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

JD Investments (Bolton) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2014		394,101			394,101
At 30 September 2015		394,101			394,101
Depreciation
At 30 September 2015		-			-
Net book value
At 30 September 2015		394,101			394,101
At 30 September 2014		394,101			394,101

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		18,796			18,095
Amounts falling due after more than one year		299,986			318,872
Total secured creditors		318,782			336,967

Included in the creditors are the following amounts due after more than five years:

		2015 £			2014 £
After more than five years by instalments		217,226			239,201

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4

JD Investments (Bolton) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

5	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
Mr D N Holt
Loan repayable on demand including interest charged at a commercial rate	6,226	45,110	179,972	-
Mrs K Holt
Loan repayable on demand including interest charged at a commercial rate	6,226	45,110	179,972	-

Page 5