Abbreviated Company Accounts - JOLLIFFE PROPERTIES LTD

JOLLIFFE PROPERTIES LTD - Company Information

03773686 JOLLIFFE PROPERTIES LTD 2015-09-30 false 2014-07-01 2015-09-30 true 03773686 2014-07-01 2015-09-30 03773686 2015-09-30 03773686 2014-06-30 03773686 uk-gaap-cd-bus:Director1 2014-07-01 2015-09-30 03773686 uk-gaap-cd-bus:Director2 2014-07-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-07-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-06-30 iso4217:GBP shares

Registered Number 03773686

JOLLIFFE PROPERTIES LTD

Abbreviated Accounts

30 September 2015

JOLLIFFE PROPERTIES LTD Registered Number 03773686

Abbreviated Balance Sheet as at 30 September 2015

	Notes	30/09/2015	30/06/2014
		£	£
Fixed assets
Tangible assets	2	349,776	346,436
		349,776	346,436
Current assets
Debtors		523	-
Cash at bank and in hand		6,981	-
		7,504	-
Creditors: amounts falling due within one year	3	(53,846)	(59,352)
Net current assets (liabilities)		(46,342)	(59,352)
Total assets less current liabilities		303,434	287,084
Creditors: amounts falling due after more than one year	3	(390,172)	(381,172)
Provisions for liabilities		(284)	0
Total net assets (liabilities)		(87,022)	(94,088)
Capital and reserves
Called up share capital	4	204,700	204,700
Profit and loss account		(291,722)	(298,788)
Shareholders' funds		(87,022)	(94,088)

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 29 June 2016

And signed on their behalf by:
C Allenby, Director

JOLLIFFE PROPERTIES LTD Registered Number 03773686

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT that fall within the company's ordinary activities. The principal income stream relates to the ownership of serviced offices in the United Kingdom and income is recognised at fair value and accrued on a daily basis.

2Tangible fixed assets

	£
Cost
At 1 July 2014	423,533
Additions	15,829
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	439,362
Depreciation
At 1 July 2014	77,097
Charge for the year	12,489
On disposals	-
At 30 September 2015	89,586
Net book values
At 30 September 2015	349,776
At 30 June 2014	346,436

Tangible fixed assets other than freehold land 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:-

Land and buildings Freehold - see below
Land and buildings Leasehold - in accordance with the term of the lease
Improvements to properties - 5% straight line
Fixtures, fittings & equipment - 15% reducing balance

The directors consider that the useful economic life of the freehold property and its residual value, based on prices prevailing at the time of acquisition are such that their depreciation would not be material and as such, under Financial Reporting Standard No 15, depreciation is not provided for. In accordance with Financial Reporting Standard No 11, annual impairment reviews are carried out by the directors and provision will be made should any impairment in the value of these properties occur.

No depreciation is provide in respect of freehold land.

3Creditors

	30/09/2015 £	30/06/2014 £
Secured Debts	292,197	283,196
Instalment debts due after 5 years	61,602	107,649
Non-instalment debts due after 5 years	0	86,488

4Called Up Share Capital
Allotted, called up and fully paid:

	30/09/2015 £	30/06/2014 £
1,000 Ordinary shares of £1 each	1,000	1,000
203,700 A Ordinary shares of £1 each	203,700	203,700