J J Properties (NW) Limited - Limited company - abbreviated - 11.0.0
J J Properties (NW) Limited - Limited company - abbreviated - 11.0.0
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 28 FEBRUARY 2014 |
FOR |
J J PROPERTIES (NW) LIMITED |
J J PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 05700274) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 28 FEBRUARY 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
J J PROPERTIES (NW) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 28 FEBRUARY 2014 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
J J PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 05700274) |
ABBREVIATED BALANCE SHEET |
28 FEBRUARY 2014 |
28.2.14 | 28.2.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 2 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
J J PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 05700274) |
ABBREVIATED BALANCE SHEET - continued |
28 FEBRUARY 2014 |
The financial statements were approved by the Board of Directors on |
J J PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 05700274) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 28 FEBRUARY 2014 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
Investment property |
Investment property has not been depreciated. This constitutes a departure from the statutory rules requiring |
fixed assets to be depreciated over their useful economic life. This departure is in compliance with Statement of |
Standard Accounting Practice 19 and is considered necessary to enable the financial statements to give a true and |
fair view. |
Investment property will be revalued annually and any surplus or deficit will be adjusted to reserves. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
2. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 March 2013 |
and 28 February 2014 |
NET BOOK VALUE |
At 28 February 2014 |
At 28 February 2013 |
3. | CREDITORS |
Creditors include the following debts falling due in more than five years: |
28.2.14 | 28.2.13 |
£ | £ |
Repayable otherwise than by instalments | 181,294 | 181,294 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.14 | 28.2.13 |
value: | £ | £ |
Ordinary | £1 |
5. | TRANSACTIONS WITH DIRECTORS |
The directors have unsecured loans to the company. Interest is charged, on part of the loans at the rate suffered |
by the directors personally. Monthly repayments are being made of £225, however further monies have been |
introduced. The year-end balance was £13,634 (2012 £15,634). The loans are equal between the two directors. |