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JPI CONSULTANCY LIMITED - Company Information

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028489582015-10-012016-06-30falsetruehttp://www.companieshouse.gov.uk/2015-09-30http://www.companieshouse.gov.uk/pt:PlantMachinery2015-09-30http://www.companieshouse.gov.uk/cd:Director12015-10-012016-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2016-06-30http://www.companieshouse.gov.uk/pt:LandBuildings2015-10-012016-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-10-012016-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2015-10-012016-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12016-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2015-10-012016-06-30http://www.companieshouse.gov.uk/2014-07-012015-09-30http://www.companieshouse.gov.uk/2015-10-012016-06-30http://www.companieshouse.gov.uk/2015-09-30http://www.companieshouse.gov.uk/2016-06-30http://www.companieshouse.gov.uk/pt:LandBuildings2015-09-30http://www.companieshouse.gov.uk/pt:LandBuildings2016-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02848958
JPI Consultancy Limited
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 JUNE 2016
JPI Consultancy Limited
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 June 2016
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 02848958
JPI Consultancy Limited
Registered Number: 02848958
BALANCE SHEET AT 30 JUNE 2016
20162015
Notes££
FIXED ASSETS
Tangible assets21,115275,000
CURRENT ASSETS
Debtors (amounts falling due within one year)355,2131,050
Cash at bank and in hand33,0178,159
88,2309,209
CREDITORS: Amounts falling due within one year14,7682,621
NET CURRENT ASSETS73,4626,588
TOTAL ASSETS LESS CURRENT LIABILITIES74,577281,588
CAPITAL AND RESERVES
Called up share capital455,00055,000
Revaluation reserve,5-218,727
Profit and loss account19,5777,861
SHAREHOLDERS' FUNDS74,577281,588
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 15 March 2017 and signed on their behalf by
Mr A.S. Jackson
Director
JPI Consultancy Limited
NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 30 JUNE 2016
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention (as modified to include the revaluation of certain fixed assets) and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market vacant possession value. The Director considers that the vacant possession value is the most appropriate for these purposes as the company's properties are unlikely to be realised under any other circumstances. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Rental Income
Rental income is the total amount derived from the provision of property for rental and it is recognised on a straight line basis over the term of the tenancy.
JPI Consultancy Limited
2. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 1 October 2015275,000-275,000
Additions-1,4871,487
Transfers(275,000)-(275,000)
At 30 June 2016-1,4871,487
Depreciation
For the period-372372
At 30 June 2016-372372
Net Book Amounts
At 30 June 2016-1,1151,115
At 30 September 2015275,000-275,000
On 30 March 2016 JPI Consultancy Limited transferred its investment property, 31 Cotham Road, Bristol, to Jackson Property Investments, its parent company.
3. DEBTORS 20162015
££
Amounts falling due within one year:
Other debtors55,2131,050
55,2131,050
4. SHARE CAPITAL 20162015
££
Allotted, issued and fully paid:
55000 Ordinary shares of £1 each5500055000
55,00055,000
JPI Consultancy Limited
5. REVALUATION RESERVE 20162015
££
Revaluation reserve-218,727
-218,727
6. RELATED PARTY TRANSACTIONS
On 30 March 2016 JPI Consultancy Limited transferred its investment property, 31 Cotham Road, Bristol, to Jackson Property Investments its parent company. The amount paid by Jackson Property Investments was £275,000. At the year end, the balance outstanding between the two companies was £55,000.
A dividend was paid to Jackson Property Investments during the year of £220,000
At the balance sheet date the director, Mr A.S. Jackson, was owed £3,348 (2015 £Nil) by the company. This loan is interest free, unsecured and there are no fixed repayment terms relating to its repayment, The loan is included in other creditors.
7. TURNOVER
The turnover and pre-tax result is attributable to the letting of property under assured shorthold tenancies and consultancy..
20162015
££
Rent6,30712,325
Consultancy27,889-
34,19612,325
8. CONTROLLING PARTY
The company's immediate controlling parent undertaking is Jackson Property Investments which is registered in England and Wales. Copies of the parent company's financial statements can be obtained from its registered office.
The company's ultimate controlling party is A.S. Jackson due to his majority shareholding in Jackson Property Investment.