J.F.M Property Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10182522 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 16 MAY 2016 TO 31 MAY 2017

FOR

J.F.M PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J F Merewether

REGISTERED OFFICE:

Flat 6 Coles Court

Trott Street

Battersea

London

SW11 3DU

REGISTERED NUMBER:

10182522 (England and Wales)

ACCOUNTANTS:

TaxAgility Accountants Ltd

Chartered Accountants

34 Lower Richmond Road

Putney

London

SW15 1JP

FIXED ASSETS

Property, plant and equipment

4

510

CURRENT ASSETS

Debtors

5

4,158

Cash at bank

608

4,766

CREDITORS

Amounts falling due within one year

6

(5,135

)

NET CURRENT LIABILITIES

(369

)

TOTAL ASSETS LESS CURRENT LIABILITIES

141

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

7

140

141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 24 November 2017 and were signed by:

Mr J F Merewether - Director

1.	STATUTORY INFORMATION

J.F.M Property Ltd 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33.3% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

Additions

549

At 31 May 2017

549

DEPRECIATION

Charge for period

39

At 31 May 2017

39

NET BOOK VALUE

At 31 May 2017

510

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

4,158

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

3,857

Other creditors

1,278

5,135

7.

RESERVES

Retained

earnings

£

Profit for the period

14,640

Dividends

(14,500

)

At 31 May 2017

140

8.	RELATED PARTY DISCLOSURES

During the period, total dividends of £14,500 were paid to the director .

It is confirmed that the director’s current account is debited with personal transactions and credited with

director’s remuneration as well as dividends.

It is confirmed the loan is unsecured, interest free and no repayment terms have been agreed.

The balance owing from the director is £3,207.00

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J F Merewether.