BRISTOL ASSURED TENANCIES (N - Accounts 2014

BRISTOL ASSURED TENANCIES (N - Accounts 2014

JPI CONSULTANCY LIMITED - Company Information

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2013-10-012014-09-3002848958falsetruehttp://www.companieshouse.gov.uk/cd:Director12013-10-012014-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-10-012014-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-09-30http://www.companieshouse.gov.uk/2012-10-012013-09-30http://www.companieshouse.gov.uk/2013-10-012014-09-30http://www.companieshouse.gov.uk/2013-09-30http://www.companieshouse.gov.uk/2014-09-30http://www.companieshouse.gov.uk/pt:LandBuildings2013-09-30http://www.companieshouse.gov.uk/pt:LandBuildings2014-09-30http://www.companieshouse.gov.uk/2013-09-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02848958
Bristol Assured Tenancies (No 7) Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014

Bristol Assured Tenancies (No 7) Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 September 2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 02848958

Bristol Assured Tenancies (No 7) Limited
Registered Number: 02848958
BALANCE SHEET AT 30 SEPTEMBER 2014
20142013
Notes££
FIXED ASSETS
Tangible assets2250,000250,000
CURRENT ASSETS
Debtors (amounts falling due within one year)39951,007
Cash at bank and in hand3,6826,885
4,6777,892
CREDITORS: Amounts falling due within one year1,4692,386
NET CURRENT ASSETS3,2085,506
TOTAL ASSETS LESS CURRENT LIABILITIES253,208255,506
CAPITAL AND RESERVES
Called up share capital455,00055,000
Revaluation reserve,5193,727193,727
Profit and loss account4,4816,779
SHAREHOLDERS' FUNDS253,208255,506
For the year ending 30 September 2014 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 21 November 2014 and signed on their behalf by
Mrs R.A. Ingvaldson
Director

Bristol Assured Tenancies (No 7) Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
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 April 2008).
1b. 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.
1c. 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.

Bristol Assured Tenancies (No 7) Limited
2. TANGIBLE FIXED ASSETS
Land And
BuildingsTotal
££
Cost
At 1 October 2013250,000250,000
At 30 September 2014250,000250,000
Depreciation
At 30 September 2014--
Net Book Amounts
At 30 September 2014250,000250,000
At 30 September 2013250,000250,000
The land and buildings comprise a leasehold flat at 31 Cotham Road, Clifton, Bristol, which is held as an investment property. The historical cost of land and buildings is £56,273 and accumulated depreciation is nil.
The directors having considered the current economic climate and its effect on property prices, have valued the property at the balance sheet date on an untenanted basis.
3. DEBTORS 20142013
££
Amounts falling due within one year:
Other debtors9951,007
9951,007
4. SHARE CAPITAL 20142013
££
Allotted, issued and fully paid:
55000 Ordinary shares of £1 each5500055000
55,00055,000

Bristol Assured Tenancies (No 7) Limited
5. REVALUATION RESERVE 20142013
££
Revaluation reserve193,727193,727
193,727193,727
The revaluation reserve reflects the surplus on revaluation of investment properties over their original cost.
The revaluation reserve has increased £Nil (2013: £30,000) due to the increase in value of Top Floor Flat, 31 Cotham Road, Cotham, Bristol.
6. RELATED PARTY TRANSACTIONS
Mrs RA Ingvaldson, a director of the company, was also a director in the firm Jackson Property Management Limited which charged a fee of £1433 inc VAT (2013 - £1433 inc VAT) for rent collection and property management, of which £119 inc VAT (2013 - £119 inc VAT) was outstanding at the year end.
Mrs RA Ingvaldson was also a director in the firm Quince Park Associates Limited which charged a fee of £960 inc VAT (2013 - £Nil inc VAT) for bookkeeping and accountancy services, of which £960 inc VAT (2013 - £Nil inc VAT) was outstanding at the year end.
7. TURNOVER
The turnover and pre-tax result is attributable to the letting of residential properties on Assured Shorthold tenancies in the U.K..
20142013
££
Rent11,94011,940
11,94011,940