Abbreviated Company Accounts - JANE KERSHAW PROPERTIES LIMITED

JANE KERSHAW PROPERTIES LIMITED - Company Information

03389372 JANE KERSHAW PROPERTIES LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 03389372 2015-01-01 2015-12-31 03389372 2015-12-31 03389372 2014-12-31 03389372 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 03389372 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2015-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 03389372

JANE KERSHAW PROPERTIES LIMITED

Abbreviated Accounts

31 December 2015

JANE KERSHAW PROPERTIES LIMITED Registered Number 03389372

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	950,000	828,165
Investments	3	50	50
		950,050	828,215
Current assets
Debtors		10,477	106,692
		10,477	106,692
Creditors: amounts falling due within one year	4	(16,850)	(23,636)
Net current assets (liabilities)		(6,373)	83,056
Total assets less current liabilities		943,677	911,271
Creditors: amounts falling due after more than one year	4	(179,016)	(194,668)
Total net assets (liabilities)		764,661	716,603
Capital and reserves
Called up share capital	5	109,375	109,375
Revaluation reserve		352,162	230,327
Other reserves		36,795	36,795
Profit and loss account		266,329	340,106
Shareholders' funds		764,661	716,603

For the year ending 31 December 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 16 September 2016

And signed on their behalf by:
Mrs J J K Hands, Director

JANE KERSHAW PROPERTIES LIMITED Registered Number 03389372

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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 January 2015.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the expected useful life of that assets as shown below.

An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historical cost depreciation charge is transferred annually from the revaluation reserve to the profit and loss reserve.

Freehold buildings - 2% straight line
Fixtures and fittings - 5-10 years straight line

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Goodwill - 12.5% straight line

Other accounting policies
EXEMPTION FROM PREPARING GROUP ACCOUNTS: The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

INVESTMENT PROPERTIES: Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE.

2Tangible fixed assets

	£
Cost
At 1 January 2015	856,401
Additions	-
Disposals	-
Revaluations	93,600
Transfers	-
At 31 December 2015	950,001
Depreciation
At 1 January 2015	28,236
Charge for the year	-
On disposals	(28,235)
At 31 December 2015	1
Net book values
At 31 December 2015	950,000
At 31 December 2014	828,165

3Fixed assets Investments
INVESTMENTS

Cost at 1 January 2015 and 31 December 2015: £50

4Creditors

	2015 £	2014 £
Secured Debts	130,996	147,553
Instalment debts due after 5 years	49,746	69,878

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
49,375 Ordinary shares of £1 each	49,375	49,375
60,000 Redeemable Preference shares of £1 each	60,000	60,000