J J Properties (NW) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05700274 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

J J PROPERTIES (NW) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J A Howarth

J T Langlands

SECRETARY:

J T Langlands

REGISTERED OFFICE:

207 Knutsford Road

Grappenhall

Warrington

Cheshire

WA4 2QL

REGISTERED NUMBER:

05700274 (England and Wales)

ACCOUNTANTS:

Walker Begley Limited

Chartered Accountants

207 Knutsford Road

Grappenhall

Warrington

Cheshire

WA4 2QL

FIXED ASSETS

Investment property

2

186,527

CURRENT ASSETS

Cash at bank

2,151

2,310

CREDITORS

Amounts falling due within one year

8,306

10,305

NET CURRENT LIABILITIES

(6,155

)

(7,995

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

180,372

178,532

CREDITORS

Amounts falling due after more than one
year

3

181,294

NET LIABILITIES

(922

)

(2,762

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(924

)

(2,764

)

SHAREHOLDERS' FUNDS

(922

)

(2,762

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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 5 August 2016 and were signed on its behalf by:

J A Howarth - Director

J T Langlands - 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).

Investment property

Investment property has not been depreciated. This constitutes a departure from the statutory rules requiring

fixed assets to be depreciated over their useful economic life. This departure is in compliance with Statement of

Standard Accounting Practice 19 and is considered necessary to enable the financial statements to give a true and

fair view.

Investment property will be revalued annually and any surplus or deficit will be adjusted to reserves.

Deferred tax

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

sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 March 2015

and 29 February 2016

186,527

NET BOOK VALUE

At 29 February 2016

186,527

At 28 February 2015

186,527

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

29/2/16

28/2/15

£

Repayable otherwise than by instalments

181,294

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29/2/16

28/2/15

value:

£

2

Ordinary

£1

2

5.	TRANSACTIONS WITH DIRECTORS

The directors have unsecured loans to the company. Interest is charged, on part of the loans at the rate suffered

by the directors personally. Monthly repayments are being made of £225, however further monies have been

introduced. The year-end balance was £7,634 (2015 £9,634). The loans are equal between the two directors.