J&S Property Management Company Limited - Accounts to registrar (filleted) - small 17.3
J&S Property Management Company Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017 |
| FOR |
| J&S PROPERTY MANAGEMENT COMPANY LIMITED |
| J&S PROPERTY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02888591) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| J&S PROPERTY MANAGEMENT COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 20 Harcourt Street |
| London |
| W1H 4HG |
| J&S PROPERTY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02888591) |
| BALANCE SHEET |
| 30 JUNE 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Revaluation reserve | 11 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges her 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. |
| J&S PROPERTY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02888591) |
| BALANCE SHEET - continued |
| 30 JUNE 2017 |
| 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 |
| J&S PROPERTY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02888591) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 1. | STATUTORY INFORMATION |
| J&S Property Management Company Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rent receivable and recharges to tenants. |
| Tangible fixed assets |
| Depreciation is provided on a straight line basis in the cost of fixed assets. The rates used are considered to be adequate in |
| relation to the estimated operating lives of the assets concerned. |
| The depreciation rates used are:- |
| Furniture,Fittings and Equipment - 20% |
| Investment properties |
| Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the profit and loss |
| account. |
| The method and significant assumptions used to ascertain the fair value at the balance sheet date and fair value movement |
| included in the profit and loss account are valued by the officers of the company. |
| 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| J&S PROPERTY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02888591) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 July 2016 |
| Disposals | ( |
) |
| At 30 June 2017 |
| DEPRECIATION |
| At 1 July 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 July 2016 |
| Revaluations | (120,000 | ) |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| Freehold and Leasehold properties are held for Investment purposes and are included at valuations determined by the director. |
| The historical cost of freehold and leasehold properties is £1,030,019 |
| Fair value at 30 June 2017 is represented by: |
| £ |
| Valuation in 2005 | 854,395 |
| Valuation in 2010 | (86,173 | ) |
| Valuation in 2014 | 876,759 |
| Valuation in 2015 | 450,000 |
| Valuation in 2016 | 295,000 |
| Valuation in 2017 | (120,000 | ) |
| Cost | 1,030,019 |
| 3,300,000 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| J&S PROPERTY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02888591) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 30,095 | 39,419 |
| Other loans more 5yrs instal | 158,018 | 175,447 |
| 188,113 | 214,866 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| Other loans |
| Bank & Other Loans are secured against the freehold and Leasehold Land and Buildings against which borrowings exist. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| J&S PROPERTY MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 02888591) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 11. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 July 2016 | 2,961,331 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Transfer from Revaluation |
| Reserve | (49,106 | ) | - |
| At 30 June 2017 | 2,965,263 |
| 12. | RELATED PARTY DISCLOSURES |
| Mr J S Hooper and Mrs S Hooper have received dividends in their capacity as shareholders in the year as follows: Mr J S Hooper |
| £5,000 (2016 £4,500) and Mrs S Hooper £5,000 (2016 £4,500). |
| 13. | ULTIMATE CONTROLLING PARTY |
| Mr J S Hooper and Mrs S Hooper has jointly controlled the company by virtue of holding 50 per cent each of the issued share |
| capital. |