Company Registration No. 6586500 (England and Wales)
J & E PROPERTY DEVELOPMENTS LIMITED
Unaudited accounts
for the year ended 31 May 2017
J & E PROPERTY DEVELOPMENTS LIMITED
Unaudited accounts
Contents
J & E PROPERTY DEVELOPMENTS LIMITED
Company Information
for the year ended 31 May 2017
Company Number
6586500 (England and Wales)
Registered Office
58
Beaufort Road
London
W5 3EA
J & E PROPERTY DEVELOPMENTS LIMITED
Statement of financial position
as at 31 May 2017
Tangible assets
20,242
21,007
Inventories
728,303
651,660
Cash at bank and in hand
307,538
500,047
Creditors: amounts falling due within one year
(818,593)
(879,032)
Net current assets
217,248
272,675
Net assets
237,490
293,682
Called up share capital
1,000
1,000
Profit and loss account
236,490
292,682
Shareholders' funds
237,490
293,682
For the year ending 31 May 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 director acknowledges his 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 27 March 2018.
SCHREIBER, John
Director
Company Registration No. 6586500
J & E PROPERTY DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 May 2017
J & E PROPERTY DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 6586500. The registered office is 58, Beaufort Road, London, W5 3EA.
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 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 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 the notes 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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
J & E PROPERTY DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 May 2017
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2016
6,260
21,776
28,036
Disposals
(1,000)
-
(1,000)
At 31 May 2017
11,472
21,776
33,248
At 1 June 2016
1,565
5,464
7,029
Charge for the year
1,553
5,424
6,977
On disposals
(1,000)
-
(1,000)
At 31 May 2017
2,118
10,888
13,006
At 31 May 2017
9,354
10,888
20,242
At 31 May 2016
4,695
16,312
21,007
Work in progress
728,303
651,660
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Creditors: amounts falling due within one year
2017
2016
Obligations under finance leases and hire purchase contracts
168,000
168,000
Taxes and social security
140
69,050
Other creditors
2,530
4,621
Loans from directors
647,923
633,531
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).
