Garton-Jones Real Estate Limited - Abbreviated accounts

GARTON-JONES REAL ESTATE LIMITED - Company Information

Print Friendly Version

Registered number:

06287703

Garton-Jones Real Estate Limited

Abbreviated Accounts

30 June 2014

MAT & CO

ACCOUNTANCY SERVICES LTD

Chartered Certified Accountants

Registered Auditors

264 High Street

Beckenham

Kent

BR3 1DZ

Garton-Jones Real Estate Limited

Contents





		Page

	Accountants report	2

	Abbreviated balance sheet	3

	Notes to the abbreviated accounts	4 to 5

Garton-Jones Real Estate Limited

Report to the directors on the preparation of the unaudited abbreviated accounts of Garton-Jones Real Estate Limited for the year ended 30 June 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Garton-Jones Real Estate Limited for the year ended 30 June 2014 which comprise of the balance sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Garton-Jones Real Estate Limited, as a body, in accordance with the terms of our engagement letter dated 11 January 2011. Our work has been undertaken solely to prepare for your approval the accounts of Garton-Jones Real Estate Limited and state those matters that we have agreed to state to the Board of Directors of Garton-Jones Real Estate Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Garton-Jones Real Estate Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Garton-Jones Real Estate Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Garton-Jones Real Estate Limited. You consider that Garton-Jones Real Estate 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 accounts of Garton-Jones Real Estate 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 abbreviated accounts.
MAT & CO
ACCOUNTANCY SERVICES LTD

Chartered Certified Accountants
Registered Auditors

264 High Street
Beckenham
Kent
BR3 1DZ

13 January 2015

Garton-Jones Real Estate Limited
Registered number:			06287703
Abbreviated Balance Sheet
as at 30 June 2014

	Notes		2014			2013
£				£
Fixed assets
Intangible assets	2		120,000			160,000
Tangible assets	3		51,148			59,711
			171,148			219,711

Current assets
Debtors		452,749			584,334
Cash at bank and in hand		1,913,338			822,199
		2,366,087			1,406,533

Creditors: amounts falling due within one year		(1,225,164)			(817,413)

Net current assets			1,140,923			589,120

Total assets less current liabilities			1,312,071			808,831


Provisions for liabilities			(10,741)			(11,017)


Net assets			1,301,330			797,814

Capital and reserves
Called up share capital	4		1,000			1,000
Profit and loss account			1,300,330			796,814

Shareholders' funds			1,301,330			797,814

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.


_______________________________
Mr. Charlie Garton-Jones
Director
Approved by the board on 13 January 2015

Garton-Jones Real Estate Limited
Notes to the Abbreviated Accounts
for the year ended 30 June 2014

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of commissions and management fees from letting and sale of real estate.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Fixtures, fittings and equipment			15% Reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Intangible fixed assets					£

	Cost
	At 1 July 2013					400,000
	At 30 June 2014					400,000

	Amortisation
	At 1 July 2013					240,000
	Provided during the year					40,000
	At 30 June 2014					280,000

	Net book value
	At 30 June 2014					120,000
	At 30 June 2013					160,000












3	Tangible fixed assets					£

	Cost
	At 1 July 2013					88,870
	Additions					463
	At 30 June 2014					89,333

	Depreciation
	At 1 July 2013					29,159
	Charge for the year					9,026
	At 30 June 2014					38,185

	Net book value
	At 30 June 2014					51,148
	At 30 June 2013					59,711


4	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1,000		1,000		1,000