Z J Properties Limited - Period Ending 2016-01-31

Registration number: 07129990

Z J Properties Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

G Broadhead
Accountants
Suite 43
Batley Business Park
Technology Drive
BATLEY
West Yorkshire
WF17 6ER

Z J Properties Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Z J Properties Limited
(Registration number: 07129990)
Abbreviated Balance Sheet at 31 January 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					487,036			487,772
Current assets
Debtors					-			22,020
Cash at bank and in hand					39,685			5,150
					39,685			27,170
Creditors: Amounts falling due within one year					(483,242)			(501,092)
Net current liabilities					(443,557)			(473,922)
Net assets					43,479			13,850
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					43,478			13,849
Shareholders' funds					43,479			13,850

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 director acknowledges his 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 director on 12 October 2016

.........................................
Mr Z J Huluk
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Z J Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 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, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2015		495,322			495,322
At 31 January 2016		495,322			495,322
Depreciation
At 1 February 2015		7,550			7,550
Charge for the year		736			736
At 31 January 2016		8,286			8,286
Net book value
At 31 January 2016		487,036			487,036
At 31 January 2015		487,772			487,772

Page 2

Z J Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3