JLPC Limited - Accounts to registrar (filleted) - small 18.1
JLPC Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2017 |
| for |
| JLPC Limited |
| JLPC Limited (Registered number: 06299640) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2017 |
| Page |
| Company Information | 1 |
| Abridged Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| JLPC Limited |
| Company Information |
| for the Year Ended 31 July 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 1 Stanyards Courtyard |
| Stanyards Farm |
| Chertsey Road |
| Chobham |
| Surrey |
| GU24 8JE |
| JLPC Limited (Registered number: 06299640) |
| Abridged Statement of Financial Position |
| 31 July 2017 |
| 31.7.17 | 31.7.16 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 6 |
| Retained earnings | (22,924 | ) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| JLPC Limited (Registered number: 06299640) |
| Abridged Statement of Financial Position - continued |
| 31 July 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| JLPC Limited (Registered number: 06299640) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2017 |
| 1. | STATUTORY INFORMATION |
| JLPC Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| 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 |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| Financial instruments |
| The company only enters into basic financial instrument transactions in accordance with Section 11. Financial |
| assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for |
| objective evidence of impairment. |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position 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. |
| JLPC Limited (Registered number: 06299640) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2017 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 August 2016 |
| Revaluations | 50,000 |
| At 31 July 2017 |
| NET BOOK VALUE |
| At 31 July 2017 |
| At 31 July 2016 |
| Fair value at 31 July 2017 is represented by: |
| £ |
| Valuation in 2015 | 140,881 |
| Valuation in 2017 | 50,000 |
| Cost | 1,259,119 |
| 1,450,000 |
| 4. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
| 31.7.17 | 31.7.16 |
| as restated |
| £ | £ |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 510,126 | 566,397 |
| 5. | SECURED DEBTS |
| HSBC plc own a legal mortgage over 11 High Street, Windsor and a fixed and floating charge over all assets. |
| 6. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 August 2016 |
| Non - distributable reserve | 49,204 |
| At 31 July 2017 |
| 7. | RELATED PARTY DISCLOSURES |
| As at 31 July 2017 balances were due to the directors in respect of a loan provided totalling £126,127 (2016: |
| £98,827) which has not been concluded under normal market conditions. |