Abbreviated Company Accounts - JUDY PROPERTIES LIMITED

JUDY PROPERTIES LIMITED - Company Information

00603334 JUDY PROPERTIES LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 00603334 2013-04-01 2014-03-31 00603334 2014-03-31 00603334 2013-03-31 00603334 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 00603334 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 00603334

JUDY PROPERTIES LIMITED

Abbreviated Accounts

31 March 2014

JUDY PROPERTIES LIMITED Registered Number 00603334

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	3,795,000	3,795,000
Investments	3	101	101
		3,795,101	3,795,101
Current assets
Debtors		171,061	48,471
Cash at bank and in hand		26,083	7,751
		197,144	56,222
Creditors: amounts falling due within one year		(168,310)	(91,899)
Net current assets (liabilities)		28,834	(35,677)
Total assets less current liabilities		3,823,935	3,759,424
Total net assets (liabilities)		3,823,935	3,759,424
Capital and reserves
Called up share capital	4	44,440	44,440
Share premium account		24,866	24,866
Revaluation reserve		2,955,252	2,955,252
Other reserves		116,436	116,436
Profit and loss account		682,941	618,430
Shareholders' funds		3,823,935	3,759,424

For the year ending 31 March 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2014

And signed on their behalf by:
WC Man, Director

JUDY PROPERTIES LIMITED Registered Number 00603334

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents rent receivable from freehold properties owned by the company. Rents receivable are recognised on an accrual basis.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance
The investment properties are shown at open market value. The aggregate surplus or deficit arising on revaluation is transferred to the revaluation reserve except where a deficit is deemed to represent a permanent diminution in value, in which case it is charged to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 April 2013	3,795,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	3,795,000
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	3,795,000
At 31 March 2013	3,795,000

The company's freehold investment properties were valued by Strettons Chartered Surveyors at an open market value in September 2010.
The valuations are reviewed annually by the directors and, at the balance sheet date, they believe that the open market value is not materially different to that stated above.
The historical cost of the investment properties is £839,748.

3Fixed assets Investments
Investments other than loans
Cost as at 1 April 2013 and 31 March 2014 - £1,203,285
Provisions as at 1 April 2013 and 31 March 2014 - £1,203,184
Net book value as at 31 March 2014 - £101 (2013 - £101)

The company's investments at the balance sheet date in the share capital of companies include the following:

Gobec Properties Limited
Nature of business: Dormant
Class of shares: Ordinary
Percentage holding: 100%
Aggregate capital and reserves - £99 (2013: £99)

Trabec Properties Limited
Nature of business: Dormant
Class of shares: Ordinary
Percentage holding: 100%
Aggregate capital and reserves - £2 (2013: £2)

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
44,440 Ordinary shares of £1 each	44,440	44,440