Abbreviated Company Accounts - D.J.G. DEVELOPMENTS LIMITED

03607962 D.J.G. DEVELOPMENTS LIMITED 2016-01-31 false 2015-02-01 2016-01-31 true 03607962 2015-02-01 2016-01-31 03607962 2016-01-31 03607962 2015-01-31 03607962 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 03607962 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number 03607962

D.J.G. DEVELOPMENTS LIMITED

Abbreviated Accounts

31 January 2016

D.J.G. DEVELOPMENTS LIMITED Registered Number 03607962

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,000,000	2,000,000
		2,000,000	2,000,000
Current assets
Cash at bank and in hand		35,158	34,947
		35,158	34,947
Creditors: amounts falling due within one year	3	(478,782)	(501,174)
Net current assets (liabilities)		(443,624)	(466,227)
Total assets less current liabilities		1,556,376	1,533,773
Creditors: amounts falling due after more than one year	3	(92,209)	(119,175)
Total net assets (liabilities)		1,464,167	1,414,598
Capital and reserves
Called up share capital	4	100	100
Revaluation reserve		605,357	605,357
Profit and loss account		858,710	809,141
Shareholders' funds		1,464,167	1,414,598

For the year ending 31 January 2016 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 3 June 2016

And signed on their behalf by:
Mrs C M Gath, Director

D.J.G. DEVELOPMENTS LIMITED Registered Number 03607962

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Tangible assets depreciation policy
Tangible Fixed Assets include Investment Properties that have been valued by an independent professional valuer or a Director of the Company; Other Tangible Fixed Assets are stated at cost or valuation less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life.

The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.

Investment properties are included in the balance sheet at their open market value on an existing use basis. 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.

Investment properties are included at a valuation determined by an appropriately qualified professional valuer or, where such valuations are not available, by the Company's Director.

2Tangible fixed assets

	£
Cost
At 1 February 2015	2,000,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	2,000,000
Depreciation
At 1 February 2015	0
Charge for the year	-
On disposals	-
At 31 January 2016	0
Net book values
At 31 January 2016	2,000,000
At 31 January 2015	2,000,000

3Creditors

	2016 £	2015 £
Secured Debts	27,124	25,852

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100