D&C JONES PROPERTIES LIMITED - Period Ending 2016-03-31

Registration number: 6055146

D&C JONES PROPERTIES LIMITED

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Chris Bird - AIMS Accountants for Business
12c Ash Court
Ffordd y Llyn
Parc Menai
Bangor
Gwynedd
LL57 4DF

D&C JONES PROPERTIES LIMITED
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

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 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
D&C JONES PROPERTIES 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 D&C JONES PROPERTIES 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 http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of D&C JONES PROPERTIES 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 D&C JONES PROPERTIES LIMITED and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D&C JONES PROPERTIES LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that D&C JONES PROPERTIES 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 D&C JONES PROPERTIES LIMITED. You consider that D&C JONES PROPERTIES 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 D&C JONES PROPERTIES 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.

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

Chris Bird - AIMS Accountants for Business
12c Ash Court
Ffordd y Llyn
Parc Menai
Bangor
Gwynedd
LL57 4DF

15 December 2016

Page 1

D&C JONES PROPERTIES LIMITED
(Registration number: 6055146)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					94,812			96,015
Current assets
Stocks					240,000			240,000
Debtors					535			535
Cash at bank and in hand					4,030			13,099
					244,565			253,634
Creditors: Amounts falling due within one year					(986)			(986)
Net current assets					243,579			252,648
Total assets less current liabilities					338,391			348,663
Creditors: Amounts falling due after more than one year					(352,435)			(367,893)
Net liabilities					(14,044)			(19,230)
Capital and reserves
Called up share capital		4			5,000			5,000
Profit and loss account					(19,044)			(24,230)
Shareholders' deficit					(14,044)			(19,230)

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 15 December 2016 and signed on its behalf by:

.........................................
Darren Jones
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

D&C JONES PROPERTIES 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

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
	20% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

Page 3

D&C JONES PROPERTIES LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		98,688			98,688
At 31 March 2016		98,688			98,688
Depreciation
At 1 April 2015		2,673			2,673
Charge for the year		1,203			1,203
At 31 March 2016		3,876			3,876
Net book value
At 31 March 2016		94,812			94,812
At 31 March 2015		96,015			96,015

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2016 £			2015 £
After more than five years by instalments		161,513			170,971

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		5,000			5,000			5,000			5,000

Page 4