Jam Factory Freehold Limited - Period Ending 2016-03-31

Registration number: 06840429

Jam Factory Freehold Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Jam Factory Freehold Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Jam Factory Freehold Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jam Factory Freehold Limited for the year ended 31 March 2016 set out on pages 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 Jam Factory Freehold Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Jam Factory Freehold Limited and state those matters that we have agreed to state to them, 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 Jam Factory Freehold Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Jam Factory Freehold Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jam Factory Freehold Limited. You consider that Jam Factory Freehold 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 accounts of Jam Factory Freehold 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 accounts.

......................................

Lewis & Co
75 Kenton Street
London
WC1N 1NN

27 October 2016

Page 1

Jam Factory Freehold Limited
(Registration number: 06840429)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					571,732			571,732
Current assets
Debtors					4,903			8,300
Cash at bank and in hand					93,509			75,531
					98,412			83,831
Creditors: Amounts falling due within one year					(14,049)			(15,428)
Net current assets					84,363			68,403
Total assets less current liabilities					656,095			640,135
Creditors: Amounts falling due after more than one year					(604,301)			(604,301)
Net assets					51,794			35,834
Capital and reserves
Called up share capital		3			97			97
Profit and loss account					51,697			35,737
Shareholders' funds					51,794			35,834

For the year ending 31 March 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 27 October 2016 and signed on its behalf by:

.........................................
E Cusiac-Barr
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Jam Factory Freehold Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

The directors are of the opinion that there is no need to depreciate the freehold properties as the buildings are
well maintained.

Asset class	Depreciation method and rate

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		571,732			571,732
At 31 March 2016		571,732			571,732
Depreciation
At 31 March 2016		-			-
Net book value
At 31 March 2016		571,732			571,732
At 31 March 2015		571,732			571,732

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Share Capital of £1 each		97			97			97			97

Page 3