J.W. Developers Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05377990 (England and Wales)

Abbreviated Accounts for the Year Ended 31st March 2014

for

J.W. Developers Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

5

Chartered Accountants' Report

7

DIRECTOR:

J I Wells

SECRETARY:

G Walker

REGISTERED OFFICE:

2nd Floor Heron House

109 Wembley Hill Road

Wembley

Middlesex

HA9 8DA

REGISTERED NUMBER:

05377990 (England and Wales)

ACCOUNTANTS:

S. Syedain & Co

Chartered Accountants

Heron House, 2nd Floor

109 Wembley Hill Road

Wembley

Middlesex

HA9 8DA

FIXED ASSETS

Tangible assets

2

18,454

15,917

Investment property

3

1,661,479

1,317,672

1,679,933

1,333,589

CURRENT ASSETS

Debtors

3,016

1,848

Cash at bank

10,802

7,060

13,818

8,908

CREDITORS

Amounts falling due within one year

1,220,866

1,080,665

NET CURRENT LIABILITIES

(1,207,048

)

(1,071,757

)

TOTAL ASSETS LESS CURRENT LIABILITIES

472,885

261,832

CREDITORS

Amounts falling due after more than one year

4

166,133

177,910

NET ASSETS

306,752

83,922

CAPITAL AND RESERVES

Called up share capital

5

1

1

Revaluation reserve

245,592

32,437

Profit and loss account

61,159

51,484

SHAREHOLDERS' FUNDS

306,752

83,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22nd December 2014 and were signed by:

J I Wells - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified

by the revaluation of certain assets and in accordance with the Financial Reporting Standard

for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the

company qualifies as a small company.

Turnover

Turnover is shown in the profit and loss accounts represents total rental income receivable for

the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit

arising from changes in market value is transferred to a revaluation reserve.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

24,747

Additions

5,794

At 31st March 2014

30,541

DEPRECIATION

At 1st April 2013

8,830

Charge for year

3,257

At 31st March 2014

12,087

NET BOOK VALUE

At 31st March 2014

18,454

At 31st March 2013

15,917

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1st April 2013

1,317,672

Additions

130,652

Revaluations

213,155

At 31st March 2014

1,661,479

NET BOOK VALUE

At 31st March 2014

1,661,479

At 31st March 2013

1,317,672

4.

CREDITORS

Creditors include an amount of £ 166,133 (31.3.13 - £ 177,910 ) for which security has been

given.

They also include the following debts falling due in more than five years:

31.3.14

31.3.13

£

£

Repayable by instalments

166,133

177,910

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1

Ordinary

1

1

1

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages two to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of J.W. Developers Limited for the year ended 31st March 2014

which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Total Recognised

Gains and Losses and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales

(ICAEW), we are subject to its ethical and other professional requirements which are detailed at

icaew.com/membershandbook.

This report is made solely to the director of J.W. Developers Limited in accordance with our terms

of engagement. Our work has been undertaken solely to prepare for your approval the financial

statements of J.W. Developers Limited and state those matters that we have agreed to state to the

director of J.W. Developers Limited in this report in accordance with AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that J.W. Developers Limited has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial

position and profit of J.W. Developers Limited. You consider that J.W. Developers Limited is

exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J.W.

Developers Limited. For this reason, we have not verified the accuracy or completeness of the

accounting records or information and explanations you have given to us and we do not, therefore,

express any opinion on the statutory financial statements.

S. Syedain & Co

Chartered Accountants

Heron House, 2nd Floor

109 Wembley Hill Road

Wembley

Middlesex

HA9 8DA

23rd December 2014