| J. R. Heffer Investments Limited |
| Registered number: |
00849761 |
| Balance Sheet |
| as at 31 March 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
650,001 |
|
|
340,001 |
|
| Current assets |
| Cash at bank and in hand |
|
|
113,193 |
|
|
86,584 |
|
| Creditors: amounts falling due within one year |
3 |
|
(17,803) |
|
|
(16,843) |
|
| Net current assets |
|
|
|
95,390 |
|
|
69,741 |
|
| Total assets less current liabilities |
|
|
|
745,391 |
|
|
409,742 |
|
|
| Provisions for liabilities |
|
|
|
(62,000) |
|
|
- |
|
|
| Net assets |
|
|
|
683,391 |
|
|
409,742 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Revaluation reserve |
4 |
|
|
312,556 |
|
|
312,556 |
| Profit and loss account |
|
|
|
370,735 |
|
|
97,086 |
|
| Shareholder's funds |
|
|
|
683,391 |
|
|
409,742 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr M Cameron-Heffer |
| Director |
| Approved by the board on 23 May 2017 |
|
| J. R. Heffer Investments Limited |
| Notes to the Accounts |
| for the year ended 31 March 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2016 |
340,000 |
|
567 |
|
340,567 |
|
Surplus on revaluation |
310,000 |
|
- |
|
310,000 |
|
At 31 March 2017 |
650,000 |
|
567 |
|
650,567 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2016 |
- |
|
566 |
|
566 |
|
At 31 March 2017 |
- |
|
566 |
|
566 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
650,000 |
|
1 |
|
650,001 |
|
At 31 March 2016 |
340,000 |
|
1 |
|
340,001 |
|
The fair value of the property at 31 March 2017 has been arrived at on the basis of a valuation carried out at that date by Mr M Cameron-Heffer, a director of the company who is not a professionally qualified valuer. |
|
|
| 3 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Corporation tax |
11,412 |
|
10,522 |
|
Other creditors |
6,391 |
|
6,321 |
|
|
|
|
|
|
17,803 |
|
16,843 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Revaluation reserve |
2017 |
|
2016 |
| £ |
£ |
|
|
At 1 April 2016 |
312,556 |
|
312,556 |
|
|
At 31 March 2017 |
312,556 |
|
312,556 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party transactions |
|
|
Included in other creditors at the balance sheet date is an amount of £4,321 (2016: £4,321) due to the director. The amount is in respect of expenses borne on behalf of the company. This amount is unsecured, interest free and repayable on demand. |
|
|
| 6 |
Other information |
|
|
J. R. Heffer Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Devonshire House |
|
582 Honeypot Lane |
|
Stanmore |
|
Middlesex |
|
HA7 1JS |
