REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
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JAT HOLDINGS LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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JAT HOLDINGS LIMITED |
JAT HOLDINGS LIMITED (REGISTERED NUMBER: 01044128) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 December 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
JAT HOLDINGS LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 December 2015 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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JAT HOLDINGS LIMITED (REGISTERED NUMBER: 01044128) |
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ABBREVIATED BALANCE SHEET |
31 December 2015 |
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31.12.15 | 31.12.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 2 |
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CURRENT ASSETS |
Investments |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the director on
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JAT HOLDINGS LIMITED (REGISTERED NUMBER: 01044128) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 December 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Investment property |
Investment properties are shown at their open market value. The surplus or deficit arising from the annual |
revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual |
investment property is expected to be permanent, in which case it is recognised in the profit and loss account for |
the year. |
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This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) which, |
unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties |
are held for their investment potential and not for use by the company and so their current value is of prime |
importance. The departure from the provisions of the Act is required in order to give a true and fair view. |
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Deferred tax |
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the |
recognition of gains and losses in the financial statements and recognition in the tax computation. A net deferred |
tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits |
from which the future reversal of the underlying timing differences can be deducted. Deferred tax assets and |
liabilities are calculated at tax rates expected to be effective at the time the differences are expected to reverse. |
Deferred tax assets and liabilities are not discounted. |
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Investments |
Fixed asset investments are stated at cost less provision for permanent diminution in value. Income is disclosed |
in the profit and loss account as dividends, by reference to the date the dividend was declared. |
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Current asset investments are stated at the lower of cost and market value on the balance sheet date. |
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2. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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The comparable historical cost and depreciation value of the investment property is £32,500 (2014 - £32,500) |
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The revalued assets are stated at their 2015 open market valuation by the director. |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.15 | 31.12.14 |
value: | £ | £ |
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Ordinary | £1 |
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Preference | £1 |
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10,000 | 10,000 |