NMJ Property Developments Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08182894 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

NMJ Property Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

N P James

Mrs M J James

SECRETARY:

REGISTERED OFFICE:

Pylwell

Pilton Green

Rhossili

Swansea

SA3 1PQ

REGISTERED NUMBER:

08182894 (England and Wales)

ACCOUNTANTS:

Jeannette McLellan Limited

Pylewell

Pilton Green,

Rhossili

Swansea

West Glamorgan

SA3 1PQ

FIXED ASSETS

Tangible assets

2

13,219

15,126

CURRENT ASSETS

Debtors

33,573

24,475

Cash at bank

70,287

134,981

103,860

159,456

CREDITORS

Amounts falling due within one year

3,382

50,743

NET CURRENT ASSETS

100,478

108,713

TOTAL ASSETS LESS CURRENT LIABILITIES

113,697

123,839

ACCRUALS AND DEFERRED INCOME

18,175

16,750

NET ASSETS

95,522

107,089

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

95,422

106,989

SHAREHOLDERS' FUNDS

95,522

107,089

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 13 September 2016 and were signed on its behalf by:

N P James - 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 January 2015).

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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings - 25% reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

20,170

Additions

2,500

At 31 December 2015

22,670

DEPRECIATION

At 1 January 2015

5,044

Charge for year

4,407

At 31 December 2015

9,451

NET BOOK VALUE

At 31 December 2015

13,219

At 31 December 2014

15,126

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

100

Ordinary

£1

-

100

50

Ordinary 'A'

£1

50

-

50

Ordinary 'B'

£1

50

-

100

100

On 24th February 2015 the Ordinary share capital of the company was reclassified into 50 Ordinary 'A' shares and 50

Ordinary 'B' shares.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2015 and

31 December 2014:

31.12.15

31.12.14

£

£

N P James

Balance outstanding at start of year

18,374

61,883

Amounts advanced

38,809

-

Amounts repaid

(65,519

)

(43,509

)

Balance outstanding at end of year

(8,336

)

18,374

The amount owed by the director was repaid within nine months of the year end.

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 five) 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 NMJ Property Developments Limited for the year ended 31 December 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 NMJ Property Developments 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 NMJ Property Developments Limited and state those matters that we have agreed to state to the Board of Directors of NMJ Property Developments 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 NMJ Property Developments 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 NMJ Property Developments Limited. You consider that NMJ Property Developments 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 NMJ Property Developments 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.

Jeannette McLellan Limited

Pylewell

Pilton Green,

Rhossili

Swansea

West Glamorgan

SA3 1PQ

14 September 2016