JLM Property Consultants Limited - Accounts to registrar - small 17.2

JLM Property Consultants Limited - Accounts to registrar - small 17.2

JLM PROPERTY CONSULTANTS LIMITED - Company Information

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REGISTERED NUMBER: 08431283 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2016

for

JLM Property Consultants Limited

JLM Property Consultants Limited (Registered number: 08431283)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


JLM Property Consultants Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: Mrs L D May
J N May





REGISTERED OFFICE: Overdene House
49 Church Street
Theale
Reading
Berkshire
RG7 5BX





REGISTERED NUMBER: 08431283 (England and Wales)





ACCOUNTANTS: Kirkpatrick & Hopes Ltd
Overdene House
49 Church Street
Theale
Reading
Berkshire
RG7 5BX
Page 1
JLM Property Consultants Limited (Registered number: 08431283)

Statement of Financial Position
31 December 2016

31.12.16 31.12.15
Notes £    £   
CURRENT ASSETS
Debtors 5 39,389 31,593
Cash at bank 73,576 61,739
112,965 93,332
CREDITORS
Amounts falling due within one year 6 70,805 81,333
NET CURRENT ASSETS 42,160 11,999
TOTAL ASSETS LESS CURRENT
LIABILITIES
42,160
11,999

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 41,160 10,999
SHAREHOLDERS' FUNDS 42,160 11,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18 September 2017 and were signed on its behalf
by:





J N May - Director


The notes form part of these financial statements

Page 2
JLM Property Consultants Limited (Registered number: 08431283)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

JLM Property Consultants Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information
page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency is sterling (£).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, invoiced when the service has
been provided. Income is recognised when the company obtains the right to consideration.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the
effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs
using the effective interest method.

Going concern justification
The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is
appropriate because there are no material uncertainties related to events or conditions that may cast significant
doubt about the ability of the company to continue as a going concern.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2015 - 2 ) .

Page 3 continued...
JLM Property Consultants Limited (Registered number: 08431283)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 38,440 27,072
Other debtors 50 -
Directors' loan accounts 899 4,521
39,389 31,593

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 817 25,577
Tax 43,165 31,929
Social security and other taxes 16,823 5,582
Other creditors - 7,920
Directors' loan accounts - 424
Accruals and deferred income 10,000 9,901
70,805 81,333

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2016 and
31 December 2015:

31.12.16 31.12.15
£    £   
J N May
Balance outstanding at start of year (424 ) (216 )
Amounts advanced 31,064 -
Amounts repaid (30,190 ) (208 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 450 (424 )

Mrs L D May
Balance outstanding at start of year 4,521 (216 )
Amounts advanced 7,444 4,945
Amounts repaid (11,516 ) (208 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 449 4,521

The loans are interest free and repayable on demand.

8. RELATED PARTY DISCLOSURES

The company paid dividends of £142,500 (2015: £131,146) to its directors.

Page 4