TJP Properties Limited
|
Registered number: |
04197686
|
Abbreviated Balance Sheet |
as at 31 March 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Investments |
2 |
|
|
2,572,481 |
|
|
2,367,333 |
|
Current assets |
Debtors |
|
|
71,345 |
|
|
75,845 |
Cash at bank and in hand |
|
|
8,758 |
|
|
7,095 |
|
|
|
80,103 |
|
|
82,940 |
|
Creditors: amounts falling due within one year |
|
|
(302,333) |
|
|
(102,681) |
|
Net current liabilities |
|
|
|
(222,230) |
|
|
(19,741) |
|
Total assets less current liabilities |
|
|
|
2,350,251 |
|
|
2,347,592 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(1,191,508) |
|
|
(1,146,484) |
|
Net assets |
|
|
|
1,158,743 |
|
|
1,201,108 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
14 |
|
|
14 |
Revaluation reserve |
|
|
|
812,818 |
|
|
889,683 |
Profit and loss account |
|
|
|
345,911 |
|
|
311,411 |
|
Shareholders' funds |
|
|
|
1,158,743 |
|
|
1,201,108 |
|
|
|
|
|
|
|
|
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.
|
The 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 Parag Patel |
Director |
Approved by the board on 22 December 2016
|
|
TJP Properties Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 March 2016
|
|
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 January 2015).
|
|
|
Turnover |
|
Turnover represents rents receivable in the year and is stated net of value added tax.
|
|
|
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. |
|
|
Investment properties |
|
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. |
|
|
2 |
Investments |
£ |
|
|
Cost/valuation |
|
At 1 April 2015 |
2,367,333 |
|
Additions |
376,148 |
|
Dispsal of investment |
(94,135) |
|
- |
|
Valuation adjustment |
(76,865) |
|
- |
|
Disposals |
|
|
|
|
|
|
- |
|
At 31 March 2016 |
2,572,481 |
|
|
|
|
|
|
|
3 |
Loans |
2016 |
|
2015 |
£ |
£ |
|
Creditors include: |
|
Secured bank loans |
1,236,431 |
|
1,193,363 |
|
|
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
14 |
|
14 |
|
14 |
|
|
|
|
|
|
|
|
|