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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 FEBRUARY 2016 TO 31 JULY 2017 |
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JAMIE LEWIS RESIDENTIAL LETTINGS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 FEBRUARY 2016 TO 31 JULY 2017 |
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FOR |
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JAMIE LEWIS RESIDENTIAL LETTINGS LIMITED |
JAMIE LEWIS RESIDENTIAL LETTINGS LIMITED (REGISTERED NUMBER: 07059834) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 FEBRUARY 2016 TO 31 JULY 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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JAMIE LEWIS RESIDENTIAL LETTINGS LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 FEBRUARY 2016 TO 31 JULY 2017 |
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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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Chartered Certified Accountants |
21 New Walk |
Leicester |
LE1 6TE |
JAMIE LEWIS RESIDENTIAL LETTINGS LIMITED (REGISTERED NUMBER: 07059834) |
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BALANCE SHEET |
31 JULY 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Investments | 5 |
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Investment property | 6 |
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Current assets |
Debtors | 7 |
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Prepayments and accrued income |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one
year |
9 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
Called up share capital |
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Revaluation reserve | 11 |
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Retained earnings |
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Shareholders' funds |
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The director acknowledges his responsibilities for: |
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ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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JAMIE LEWIS RESIDENTIAL LETTINGS LIMITED (REGISTERED NUMBER: 07059834) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 FEBRUARY 2016 TO 31 JULY 2017 |
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1. | Statutory information |
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Jamie Lewis Residential Lettings Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the value of rents received and receivable and the net invoiced sales of goods, excluding |
value added tax. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Investment property |
Investment properties are shown at the most recent valuation. Any aggregate surplus or deficit arising from |
changes in market value is transferred to a revaluation reserve. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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 period end and that are expected to apply to the reversal |
of the timing difference. |
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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. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
JAMIE LEWIS RESIDENTIAL LETTINGS LIMITED (REGISTERED NUMBER: 07059834) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 FEBRUARY 2016 TO 31 JULY 2017 |
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3. | Employees and directors |
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The average number of employees during the period was
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4. | Tangible fixed assets |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Cost |
At 1 February 2016 |
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Additions |
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Disposals |
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At 31 July 2017 |
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Depreciation |
At 1 February 2016 |
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Charge for period |
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Eliminated on disposal |
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At 31 July 2017 |
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Net book value |
At 31 July 2017 |
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At 31 January 2016 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Plant and |
machinery |
etc |
£ |
Cost |
At 1 February 2016 |
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Disposals | ( |
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At 31 July 2017 |
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Depreciation |
At 1 February 2016 |
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Charge for period |
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Eliminated on disposal | ( |
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At 31 July 2017 |
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Net book value |
At 31 July 2017 |
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At 31 January 2016 |
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JAMIE LEWIS RESIDENTIAL LETTINGS LIMITED (REGISTERED NUMBER: 07059834) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 FEBRUARY 2016 TO 31 JULY 2017 |
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5. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 February 2016 |
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Disposals | ( |
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At 31 July 2017 |
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Net book value |
At 31 July 2017 |
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At 31 January 2016 |
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6. | Investment property |
Total |
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Fair value |
At 1 February 2016 |
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Additions |
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Disposals |
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Revaluations | 3,438,381 |
At 31 July 2017 |
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Net book value |
At 31 July 2017 |
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At 31 January 2016 |
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Fair value at 31 July 2017 is represented by: |
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£ |
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7. | Debtors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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8. | Creditors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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JAMIE LEWIS RESIDENTIAL LETTINGS LIMITED (REGISTERED NUMBER: 07059834) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 FEBRUARY 2016 TO 31 JULY 2017 |
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9. | Creditors: amounts falling due after more than one year |
2017 | 2016 |
£ | £ |
Bank loans |
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Hire purchase contracts |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | - | 13,003,690 |
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10. | Secured debts |
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The following secured debts are included within creditors: |
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2017 | 2016 |
£ | £ |
Hire purchase contracts | - | 25,677 |
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11. | Reserves |
Revaluation |
reserve |
£ |
At 1 February 2016 |
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Transfer to profit and loss |
( |
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At 31 July 2017 |
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