Company Registration No. 02692857 (England and Wales)
J R Estate Agents Limited
Unaudited accounts
for the year ended 31 March 2017
J R Estate Agents Limited
Unaudited accounts
Contents
J R Estate Agents Limited
Company Information
for the year ended 31 March 2017
Directors
Mr R J Fraser
Mrs L Fraser
Company Number
02692857 (England and Wales)
Registered Office
Churchill House Suite 301
120 Bunns Lane
Mill Hill
NW7 2AS
Accountants
Platts
Churchill House Suite 301
120 Bunns Lane
Mill Hill
London
NW7 2AS
J R Estate Agents Limited
Statement of financial position
as at 31 March 2017
Tangible assets
16,719
19,569
Cash at bank and in hand
47,990
60,669
Creditors: amounts falling due within one year
(49,434)
(69,323)
Net current assets/(liabilities)
8,377
(2,023)
Called up share capital
1,000
1,000
Profit and loss account
24,096
16,546
Shareholders' funds
25,096
17,546
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 8 December 2017.
Mr R J Fraser
Director
Company Registration No. 02692857
J R Estate Agents Limited
Notes to the Accounts
for the year ended 31 March 2017
J R Estate Agents Limited is a private company, limited by shares, registered in England and Wales, registration number 02692857. The registered office is Churchill House Suite 301, 120 Bunns Lane, Mill Hill, NW7 2AS. The principal place of business is 20 Parson Street, Hendon, London, NW4 1QB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended
31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
10 below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
J R Estate Agents Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2016
50,662
82,260
132,922
At 31 March 2017
50,662
84,984
135,646
At 1 April 2016
40,081
73,272
113,353
Charge for the year
2,646
2,928
5,574
At 31 March 2017
42,727
76,200
118,927
At 31 March 2017
7,935
8,784
16,719
At 31 March 2016
10,581
8,988
19,569
Accrued income and prepayments
7,171
6,631
6
Creditors: amounts falling due within one year
2017
2016
Trade creditors
2,632
1,155
Taxes and social security
24,387
36,812
Loans from directors
832
452
Deferred income
18,156
30,904
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
8
Transactions with related parties
The Company was under control of the Directors throughout the year.
9
Average number of employees
During the year the average number of employees was 6 (2016: 6).
J R Estate Agents Limited
Notes to the Accounts
for the year ended 31 March 2017
10
Reconciliations on adoption of FRS 102
The policies applied under the entity's previous accounting framework are not materially different to FRS 102 Section 1A and have not impacted on equity or profit or loss.
