Alan Joy Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06003539 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

ALAN JOY PROPERTIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Joy

SECRETARY:

Ms K J Newby Grant

REGISTERED OFFICE:

4 Beaufort West

BATH

BA1 6QB

BUSINESS ADDRESS:

32 Halifax Road

Bowerhill

Melksham

Wiltshire

SN12 6TW

REGISTERED NUMBER:

06003539 (England and Wales)

ACCOUNTANTS:

Graham Barber Accountancy Limited

4 Beaufort West

Bath

BA1 6QB

BANKERS:

Barclays Bank plc

4-5 Southgate Street

Bath

BA1 1AQ

FIXED ASSETS

Investment property

4

280,000

280,000

CURRENT ASSETS

Cash at bank

33

668

CREDITORS

Amounts falling due within one year

5,485

7,321

NET CURRENT LIABILITIES

(5,452

)

(6,653

)

TOTAL ASSETS LESS CURRENT LIABILITIES

274,548

273,347

CREDITORS

Amounts falling due after more than one year

5

(48,112

)

(48,112

)

PROVISIONS FOR LIABILITIES

(5,954

)

(6,608

)

NET ASSETS

220,482

218,627

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Other reserves

140,136

140,136

Retained earnings

79,346

77,491

SHAREHOLDERS' FUNDS

220,482

218,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 director on 20 November 2018 and were signed by:

A Joy - Director

1.	STATUTORY INFORMATION

Alan Joy Properties Limited 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rent receivable.

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 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 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 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

280,000

NET BOOK VALUE

At 31 March 2018

280,000

At 31 March 2017

280,000

Fair value at 31 March 2018 is represented by:

£

Valuation in 2018

280,000

If investment properties had not been revalued they would have been included at the following historical cost:

2018

2017

£

£

Cost

292,727

292,727

The investment properties were valued on an open market basis on 31 March 2018 by the director .

Deferred tax is provided on the difference between the current valuation and the cost of the properties after

taking account of indexation allowance.

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2018

2017

£

£

Repayable by instalments

Bank loans more 5 yr by instal

36,263

36,263

6.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

51,074

51,074

The bank loan is secured by a mortgage over one of the company's freehold properties.