J. V. PROPERTIES (UK) LTD,Ltd - Accounts

J. V. PROPERTIES (UK) LIMITED - Company Information

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J. V. PROPERTIES (UK) LTD

For the year ended 30 June 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 06273801

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Contents Page

J. V. PROPERTIES (UK) LTD

For the year ended 30 June 2016

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

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J. V. PROPERTIES (UK) LTD

Accountants' Report

For the year ended 30 June 2016

As described on the balance sheet you are responsible for the preparation of the financial statements for the year

ended 30 June 2016 and you consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you

to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

G Teoli & Co.

Certified Public Accountants

Balfour House

741 High Road

London

N12 0BP

28 April 2017

Dated:

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Abbreviated Balance Sheet

J. V. PROPERTIES (UK) LTD

As at 30 June 2016

06273801

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

505,401

510,968

Investments

650,000

1,155,401

1,160,968

Current assets

Debtors

21,944

(1)

Cash at bank and in hand

1,003

23,523

1,002

45,467

Creditors: amounts falling due within one year

(1,180,063)

(1,130,785)

(1,134,596)

(1,129,783)

Net current liabilities

Total assets less current liabilities

25,618

26,372

25,618

Net assets

26,372

Capital and reserves

Called up share capital

200

Profit and loss account

25,418

26,172

25,618

26,372

Shareholders funds

For the year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 28 April 2017

Mr Roberto Gambetti Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

J. V. PROPERTIES (UK) LTD

For the year ended 30 June 2016

1 Accounting Policies

Basis of accounting

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

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover represents rents receivable.

Foreign currency

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange

ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the

transaction. All foreign exchange differences are included to the profit and loss account.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings

1% Straight line

Computer Equipment

25% Straight line

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

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Notes to the Abbreviated Financial Statements

J. V. PROPERTIES (UK) LTD

For the year ended 30 June 2016

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

540,439

At 01 July 2015

At 30 June 2016

540,439

Depreciation

29,471

At 01 July 2015

5,567

Charge for year

35,038

At 30 June 2016

Net book values

At 30 June 2016

505,401

510,968

At 30 June 2015

3 Fixed asset investments

650,000

At 01 July 2015

Fixed asset

investments

Cost

At 30 June 2016

650,000

Net book value

At 01 July 2015

At 30 June 2016

650,000

4 Share capital

Allotted called up and fully paid

2016

2015

200 Class A shares of £1.00 each

200

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