Abbreviated Company Accounts - L A & J PROPERTIES LIMITED

L A & J PROPERTIES LIMITED - Company Information

05906764 L A & J PROPERTIES LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 05906764 2015-07-01 2016-06-30 05906764 2016-06-30 05906764 2015-06-30 05906764 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 05906764 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 05906764

L A & J PROPERTIES LIMITED

Abbreviated Accounts

30 June 2016

L A & J PROPERTIES LIMITED Registered Number 05906764

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	948,052	552,694
		948,052	552,694
Current assets
Debtors		11,348	920
Cash at bank and in hand		2,228	9,695
		13,576	10,615
Creditors: amounts falling due within one year	3	(149,737)	(84,073)
Net current assets (liabilities)		(136,161)	(73,458)
Total assets less current liabilities		811,891	479,236
Creditors: amounts falling due after more than one year	3	(483,592)	(250,267)
Total net assets (liabilities)		328,299	228,969
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		328,297	228,967
Shareholders' funds		328,299	228,969

For the year ending 30 June 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 16 December 2016

And signed on their behalf by:
M Macdonald, Director

L A & J PROPERTIES LIMITED Registered Number 05906764

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable for rent for net of VAT.

Tangible assets depreciation policy
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 July 2015	552,694
Additions	395,358
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	948,052
Depreciation
At 1 July 2015	-
Charge for the year	-
On disposals	-
At 30 June 2016	-
Net book values
At 30 June 2016	948,052
At 30 June 2015	552,694

3Creditors

	2016 £	2015 £
Secured Debts	519,100	270,575
Instalment debts due after 5 years	148,556	175,031

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2