JA Rooms Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10658047 (England and Wales)

JA ROOMS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

8 MARCH 2017 TO 31 DECEMBER 2017

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mrs J L Smith-Evans

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

REGISTERED NUMBER:

10658047 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Intangible assets

3

63,564

Investment property

4

260,629

324,193

CURRENT ASSETS

Debtors

5

836

Cash at bank

51,192

52,028

CREDITORS

Amounts falling due within one year

6

111,173

NET CURRENT LIABILITIES

(59,145

)

TOTAL ASSETS LESS CURRENT LIABILITIES

265,048

CREDITORS

Amounts falling due after more than one year

7

275,700

NET LIABILITIES

(10,652

)

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

(10,653

)

SHAREHOLDERS' FUNDS

(10,652

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 September 2018 and were signed by:

Mrs J L Smith-Evans - Director

1.	STATUTORY INFORMATION

JA Rooms Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Franchise fee will be amortised when first income is received.

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.

Taxation

Taxation for the period 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 period 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.

3.	INTANGIBLE FIXED ASSETS

Franchise

fee

£

COST

Additions

63,564

At 31 December 2017

63,564

NET BOOK VALUE

At 31 December 2017

63,564

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

260,629

At 31 December 2017

260,629

NET BOOK VALUE

At 31 December 2017

260,629

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

1

Prepayments and accrued income

835

836

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

19,945

Other creditors

88,432

Accruals and deferred income

2,796

111,173

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans - 1-2 years

19,945

Bank loans - 2-5 years

59,835

Bank loans more 5 yr by instal

195,920

275,700

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

195,920

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

9.	GOING CONCERN

The accounts have been prepared on a going concern basis, the validity of which depends on the continued

support of the bank and other creditors.