JLL Properties Ltd - Accounts to registrar (filleted) - small 18.2
JLL Properties Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
| FOR |
| JLL PROPERTIES LTD |
| JLL PROPERTIES LTD (REGISTERED NUMBER: SC375335) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| JLL PROPERTIES LTD |
| COMPANY INFORMATION |
| for the year ended 31 March 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 24A Ainslie Place |
| Edinburgh |
| EH3 6AJ |
| BANKERS: |
| 28 Hanover Street |
| Edinburgh |
| EH2 2DS |
| SOLICITORS: |
| 2 Randolph Place |
| Edinburgh |
| Midlothian |
| EH3 7TQ |
| JLL PROPERTIES LTD (REGISTERED NUMBER: SC375335) |
| BALANCE SHEET |
| 31 March 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| JLL PROPERTIES LTD (REGISTERED NUMBER: SC375335) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| JLL Properties Ltd is a |
| registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£), rounded to the nearest £. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the total of rent due to the company for the rental of property. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is |
| recognised in the Income Statement. Any such changes together with the related deferred tax are transferred to a Revaluation |
| Reserve. |
| 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance |
| sheet 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2017 - 1 ). |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2017 |
| and 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| JLL PROPERTIES LTD (REGISTERED NUMBER: SC375335) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2018 |
| 4. | INVESTMENT PROPERTY - continued |
| Fair value at 31 March 2018 is represented by: |
| £ |
| Valuation in 2017 | 25,318 |
| Cost | 284,682 |
| 310,000 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2018 | 2017 |
| £ | £ |
| Cost | 284,682 | 284,682 |
| Investment property was valued on a fair value basis on 31 March 2018 by the director . |
| The directors' opinion has been arrived at after reviewing transactions in the location and category of the investment property |
| being valued. |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Bank loans outstanding at the year-end include instalments due after more than five years of £74,092 (2017: £86,477). |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank loans | 141,665 | 154,050 |
| Lloyds TSB holds a bond and floating charge over the investment properties at Unit 3A, Butlerfield Industrial Estate, |
| Bonnyrigg, Midlothian EH19 3JQ, 18/1 Lochend Avenue, Edinburgh, Midlothian EH7 6DX and 227 North High Street, |
| Musselburgh, Midlothian EH21 6BQ. |
| The loan is subject to interest at 4.77% over Bank base rate and is repayable in 180 monthly instalments which commenced |
| in May 2011. |
| A further loan was acquired from Lloyds TSB, this loan is subject to interest at 5.49% and is repayable in 180 monthly |
| instalments which commenced in April 2013. |