Joben Properties Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06977913 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Joben Properties Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

1,815,000

1,673,465

CURRENT ASSETS

Debtors

5

1,191

-

Cash at bank and in hand

116,231

44,180

117,422

44,180

CREDITORS

Amounts falling due within one year

6

1,561,004

1,555,620

NET CURRENT LIABILITIES

(1,443,582

)

(1,511,440

)

TOTAL ASSETS LESS CURRENT LIABILITIES

371,418

162,025

CAPITAL AND RESERVES

Called up share capital

9

9

Retained earnings

371,409

162,016

SHAREHOLDERS' FUNDS

371,418

162,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 19 March 2018 and were signed by:

S G Frater - Director

1.	STATUTORY INFORMATION

Joben Properties Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

06977913

Registered office:

Treviot House

186-192 High Road

Ilford

Essex

IG1 1LR

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.

Turnover

Turnover represents rent and service charges receivable during the period.

Investment property

Investment property is included at fair value. Gains are recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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 balance sheet date.

Going concern

The balance sheet at the end of the year recorded net current liabilities. However, the director believes sufficient

financial resources are available to the company to enable it to continue trading into the foreseeable future.

Therefore, the financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2016

1,673,465

Revaluations

141,535

At 30 June 2017

1,815,000

NET BOOK VALUE

At 30 June 2017

1,815,000

At 30 June 2016

1,673,465

Fair value at 30 June 2017 is represented by:

£

Valuation in 2017

141,535

Cost

1,673,465

1,815,000

The investment properties were valued on a fair value basis on 30 June 2017 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

1,191

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed to related parties

369,496

366,042

Taxation and social security

16,701

15,077

Other creditors

1,174,807

1,174,501

1,561,004

1,555,620

7.	FIRST YEAR ADOPTION

There are no adjustments to be shown in a Reconciliation of Equity as at 1st July 2015. There are also no

adjustments to be made in the Reconciliation of Equity as at 30th June 2016, or in the Reconciliation of Profit

for the year ended 30th June 2016, as a result of the transition to FRS102.