John Barry Property Limited - Period Ending 2014-04-30

Registration number: 06868186

John Barry Property Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2014
 

John Barry Property Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

John Barry Property Limited
(Registration number: 06868186)
Abbreviated Balance Sheet at 30 April 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					1,513,710			1,457,802
Current assets
Debtors					28,346			20,195
Cash at bank and in hand					19,364			48,242
					47,710			68,437
Creditors: Amounts falling due within one year					(669,067)			(651,184)
Net current liabilities					(621,357)			(582,747)
Total assets less current liabilities					892,353			875,055
Creditors: Amounts falling due after more than one year					(136,881)			(136,881)
Net assets					755,472			738,174
Capital and reserves
Called up share capital		4			1			1
Revaluation reserve					806,976			806,976
Profit and loss account					(51,505)			(68,803)
Shareholders' funds					755,472			738,174

For the year ending 30 April 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 28 January 2015

.........................................
Mr J B Stevenson
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

John Barry Property Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover is recognised when the company obtains the right to consideration

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2013		1,462,758			1,462,758
Additions		57,959			57,959
At 30 April 2014		1,520,717			1,520,717
Depreciation
At 1 May 2013		4,956			4,956
Charge for the year		2,051			2,051
At 30 April 2014		7,007			7,007
Net book value
At 30 April 2014		1,513,710			1,513,710
At 30 April 2013		1,457,802			1,457,802

Page 2

John Barry Property Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2014 £			2013 £
After more than five years by instalments		136,881			136,881

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3