Jego Properties Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05170550

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

JEGO PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr L E Manning FCCA

Mr A H Moody BA (Hons) FCCA

SECRETARY:

Mr A H Moody BA (Hons) FCCA

REGISTERED OFFICE:

Acorn House

Potash Road

Billericay

Essex

CM11 1HG

REGISTERED NUMBER:

05170550

ACCOUNTANTS:

Raffingers

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

2

258

303

Investment property

3

200,000

200,258

200,303

CURRENT ASSETS

Cash at bank

11,449

8,016

CREDITORS

Amounts falling due within one year

4

15,960

16,952

NET CURRENT LIABILITIES

(4,511

)

(8,936

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

195,747

191,367

CREDITORS

Amounts falling due after more than one
year

4

150,230

NET ASSETS

45,517

41,137

CAPITAL AND RESERVES

Called up share capital

5

2

Revaluation reserve

51,610

Profit and loss account

(6,095

)

(10,475

)

SHAREHOLDERS' FUNDS

45,517

41,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 August 2017 and were signed on its behalf by:

Mr L E Manning FCCA - Director

Mr A H Moody BA (Hons) FCCA - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company has been prepared on the going concern basis despite current liabilities being in excess of current

assets by virtue of the continued support of the company's directors and bankers.

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents rent received.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property, which comprises a property held for rental, is revalued annually and the aggregate surplus

or deficit transferred to the revaluation reserve except where any deficit is deemed permanent when it is taken to

the profit and loss account. No provision is made for depreciation of the investment property. This departure

from the requirements of the Regulations, which require properties to be depreciated, is in the opinion of the

Directors, necessary for the Financial Statements to show a true and fair view in accordance with applicable

accounting standards. If this departure had not been made, the profit for the financial year would have been

reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified, because

depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise

have been shown cannot be separately identified or quantified.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 December 2015

and 30 November 2016

1,811

DEPRECIATION

At 1 December 2015

1,508

Charge for year

45

At 30 November 2016

1,553

NET BOOK VALUE

At 30 November 2016

258

At 30 November 2015

303

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 December 2015

and 30 November 2016

200,000

NET BOOK VALUE

At 30 November 2016

200,000

At 30 November 2015

200,000

4.

CREDITORS

Creditors include an amount of £ 150,230 (2015 - £ 150,230 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2