| Jumbo Faith Investment (UK) Limited |
| Registered number: |
06389826 |
| Balance Sheet |
| as at 30 June 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
988,874 |
|
|
943,980 |
|
| Current assets |
| Debtors |
3 |
|
- |
|
|
4,040 |
| Cash at bank and in hand |
|
|
42,523 |
|
|
159,903 |
|
|
|
42,523 |
|
|
163,943 |
|
| Creditors: amounts falling due within one year |
4 |
|
(648,850) |
|
|
(719,355) |
|
| Net current liabilities |
|
|
|
(606,327) |
|
|
(555,412) |
|
| Total assets less current liabilities |
|
|
|
382,547 |
|
|
388,568 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(307,821) |
|
|
(336,138) |
|
|
|
| Net assets |
|
|
|
74,726 |
|
|
52,430 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
74,626 |
|
|
52,330 |
|
| Shareholders' funds |
|
|
|
74,726 |
|
|
52,430 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mrs S F Ma |
| Director |
| Approved by the board on 20 February 2018 |
|
| Jumbo Faith Investment (UK) Limited |
| Notes to the Accounts |
| for the year ended 30 June 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents rent receivable. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulated depreciation. |
|
No depreciation has been provided in respect of investment properties. The directors consider that the lives and residual values of the properties, based on current valuations, are such that any charges to the profit and loss account would be insignificant. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 July 2016 |
943,980 |
|
Additions |
44,894 |
|
At 30 June 2017 |
988,874 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 June 2017 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2017 |
988,874 |
|
At 30 June 2016 |
943,980 |
|
|
| 3 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Other debtors |
- |
|
4,040 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Bank loans and overdrafts |
31,342 |
|
30,819 |
|
Rent deposit |
20,000 |
|
- |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
573,706 |
|
671,101 |
|
Taxation and social security costs |
16,722 |
|
11,048 |
|
Other creditors |
7,080 |
|
6,387 |
|
|
|
|
|
|
648,850 |
|
719,355 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Bank loans |
307,821 |
|
336,138 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans |
2017 |
|
2016 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
182,452 |
|
212,861 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
339,163 |
|
366,957 |
|
|
|
|
|
|
|
|
|
|
The bank loans are secured on the company's investment properties. |
|
|
| 7 |
Controlling party |
|
|
The company is a wholly-owned subsidiary of Jumbo Faith Investment Limited, a company incorporated in Hong Kong. |
|
|
| 8 |
Other information |
|
|
Jumbo Faith Investment (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
454 Ewell Road |
|
Surbiton |
|
KT6 7EL |
