J&L Properties (Northern) Ltd - Accounts to registrar (filleted) - small 18.2
J&L Properties (Northern) Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2018 |
| FOR |
| J&L PROPERTIES (NORTHERN) LTD |
| J&L PROPERTIES (NORTHERN) LTD (REGISTERED NUMBER: 05412957) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30th April 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| J&L PROPERTIES (NORTHERN) LTD |
| COMPANY INFORMATION |
| for the Year Ended 30th April 2018 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 15 Bridge Road |
| Wellington |
| Telford |
| Shropshire |
| TF1 1EB |
| J&L PROPERTIES (NORTHERN) LTD (REGISTERED NUMBER: 05412957) |
| BALANCE SHEET |
| 30th April 2018 |
| 30.4.18 | 30.4.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Revaluation reserve | 7 |
| 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 |
| J&L PROPERTIES (NORTHERN) LTD (REGISTERED NUMBER: 05412957) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30th April 2018 |
| 1. | STATUTORY INFORMATION |
| J&L Properties (Northern) Ltd is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| The properties have been included in the balance sheet as investment properties.Costs of repairs and maintenance |
| are charged against revenue in the period in which they are incurred. |
| 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 |
| J&L PROPERTIES (NORTHERN) LTD (REGISTERED NUMBER: 05412957) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30th April 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1st May 2017 |
| and 30th April 2018 |
| DEPRECIATION |
| At 1st May 2017 |
| Charge for year |
| At 30th April 2018 |
| NET BOOK VALUE |
| At 30th April 2018 |
| At 30th April 2017 |
| Freehold property comprise investment properties.The assets are stated at their cost (as revised for earlier |
| valuation) because in determining fair value, in the director's opinion , these cannot be measured reliably without |
| undue cost or effort. |
| Thus, the properties revert to being measured under the cost less depreciation model. |
| Cost or valuation at 30th April 2018 is represented by: |
| Land and |
| buildings |
| £ |
| Valuation in 2006 | 59,950 |
| Cost | 32,509 |
| 92,459 |
| If freehold land and buildings had not been revalued they would have been included at the following historical |
| cost: |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Cost | 78,713 | 78,713 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Other creditors |
| J&L PROPERTIES (NORTHERN) LTD (REGISTERED NUMBER: 05412957) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30th April 2018 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.4.18 | 30.4.17 |
| value: | £ | £ |
| Ordinary | £1 | 500 | 500 |
| 7. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1st May 2017 |
| Depreciation on revalued |
| amount | (275 | ) |
| At 30th April 2018 |