Judy Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00603334 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Judy Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W C Man

REGISTERED OFFICE:

The Old Grange

Warren Estate

Lordship Road

Writtle

Essex

CM1 3WT

REGISTERED NUMBER:

00603334 (England and Wales)

ACCOUNTANTS:

Fisher Michael

Chartered Accountants

The Old Grange

Warren Estate

Lordship Road

Writtle

Essex

CM1 3WT

FIXED ASSETS

Tangible assets

4

5,318

1,330

Investments

5

251

251

Investment property

6

4,891,200

4,993,100

4,896,769

4,994,681

CURRENT ASSETS

Debtors

7

171,103

182,951

Cash at bank

260,846

299,820

431,949

482,771

CREDITORS

Amounts falling due within one year

8

171,387

196,320

NET CURRENT ASSETS

260,562

286,451

TOTAL ASSETS LESS CURRENT LIABILITIES

5,157,331

5,281,132

PROVISIONS FOR LIABILITIES

157,375

211,801

NET ASSETS

4,999,956

5,069,331

CAPITAL AND RESERVES

Called up share capital

44,590

44,590

Share premium

24,866

24,866

Capital redemption reserve

116,436

116,436

Fair value reserve

9

4,219,683

4,219,683

Retained earnings

594,381

663,756

SHAREHOLDERS' FUNDS

4,999,956

5,069,331

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.

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 7 December 2018 and were signed by:

W C Man - Director

1.	STATUTORY INFORMATION

Judy 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.

Turnover

Turnover represents rents receivable from freehold properties owned by the company. Rents receivable are

recognised on an accruals basis.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investment properties

Investment properties are accounting for using the cost model.

The properties were valued in September 2010, by Strettons, Chartered Surveyors and this value has been used at

initial recognition under FRS102. Depreciation is provided on a straight line basis at 2%.

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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

1,987

Additions

4,514

At 31 March 2018

6,501

DEPRECIATION

At 1 April 2017

657

Charge for year

526

At 31 March 2018

1,183

NET BOOK VALUE

At 31 March 2018

5,318

At 31 March 2017

1,330

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2017

and 31 March 2018

1,203,435

PROVISIONS

At 1 April 2017

and 31 March 2018

1,203,184

NET BOOK VALUE

At 31 March 2018

251

At 31 March 2017

251

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

5,095,000

DEPRECIATION

At 1 April 2017

101,900

Charge for year

101,900

At 31 March 2018

203,800

NET BOOK VALUE

At 31 March 2018

4,891,200

At 31 March 2017

4,993,100

The company's freehold investment properties were valued by Strettons Chartered Surveyors in September 2010

and this value has been used at initial recognition for the cost model under FRS102.

The historical cost of the investment properties is £875,317 (2017: £875,317).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Rental debtors

102,850

124,681

Amounts owed by related parties

36,233

36,233

Other debtors

32,020

22,037

171,103

182,951

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed to related parties

907

907

Taxation

53,756

68,300

Other creditors

116,724

127,113

171,387

196,320

9.

RESERVES

Fair

value

reserve

£

At 1 April 2017

and 31 March 2018

4,219,683

The fair value reserve relates to the revaluation of the investments properties.

10.	ULTIMATE CONTROLLING PARTY