Company Registration No. 7651090 (England and Wales)
RENO JJ LIMITED
Unaudited accounts
for the year ended 31 March 2018
RENO JJ LIMITED
Unaudited accounts
Contents
RENO JJ LIMITED
Company Information
for the year ended 31 March 2018
Directors
Regina Fiss- Abboudi
Abraham E Abboudi
Joseph E Abboudi
Maurice E Abboudi
Company Number
7651090 (England and Wales)
Registered Office
58-59 BOUNDARY ROAD
HOVE
EAST SUSSEX
BN3 5TD
Accountants
Allan Willmott
58/59 Boundary Road
Hove
East Sussex
BN3 5TD
RENO JJ LIMITED
Statement of financial position
as at 31 March 2018
Investment property
792,319
788,100
Cash at bank and in hand
68,365
161,242
Creditors: amounts falling due within one year
(703,583)
(733,197)
Net current liabilities
(628,635)
(569,838)
Net assets
163,684
218,262
Called up share capital
2
2
Revaluation reserve
95,600
95,600
Profit and loss account
68,082
122,660
Shareholders' funds
163,684
218,262
For the year ending 31 March 2018 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 20 April 2018.
Abraham E Abboudi
Director
Company Registration No. 7651090
RENO JJ LIMITED
Notes to the Accounts
for the year ended 31 March 2018
RENO JJ LIMITED is a private company, limited by shares, registered in England and Wales, registration number 7651090. The registered office is 58-59 BOUNDARY ROAD, HOVE, EAST SUSSEX, BN3 5TD.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax of a material amount is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Fair value at 1 April 2017
788,100
The Investment properties have been valued by the directors at market value.
RENO JJ LIMITED
Notes to the Accounts
for the year ended 31 March 2018
6
Creditors: amounts falling due within one year
2018
2017
Trade creditors
4,248
3,222
Taxes and social security
(12,802)
22,350
Other creditors
700,500
700,500
Deferred income
11,837
6,375
7
Operating lease commitments
2018
2017
At 31 March 2018 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
45,000
25,500
Within two to five years
180,000
102,000
More than five years
218,663
161,500
8
Transactions with related parties
Regina Fiss - Abboudi , a director, received Management Fees of £93,975 (2017 £16,000) during the year
9
Average number of employees
During the year the average number of employees was 0 (2017: 0).
