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REGISTERED NUMBER:
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J D COMMERCIAL PROPERTY LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 6 APRIL 2016 TO 31 MARCH 2017 |
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REGISTERED NUMBER:
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J D COMMERCIAL PROPERTY LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 6 APRIL 2016 TO 31 MARCH 2017 |
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J D COMMERCIAL PROPERTY LIMITED (REGISTERED NUMBER: 07625178) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 6 APRIL 2016 TO 31 MARCH 2017 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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J D COMMERCIAL PROPERTY LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 6 APRIL 2016 TO 31 MARCH 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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T/A Maynard Johns |
37 Mill Street |
Bideford |
DEVON |
EX39 2JJ |
J D COMMERCIAL PROPERTY LIMITED (REGISTERED NUMBER: 07625178) |
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ABRIDGED BALANCE SHEET |
31 MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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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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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
J D COMMERCIAL PROPERTY LIMITED (REGISTERED NUMBER: 07625178) |
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ABRIDGED BALANCE SHEET - continued |
31 MARCH 2017 |
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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 Board of Directors on
by: |
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J D COMMERCIAL PROPERTY LIMITED (REGISTERED NUMBER: 07625178) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 6 APRIL 2016 TO 31 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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J D Commercial Property Limited is a
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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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
J D COMMERCIAL PROPERTY LIMITED (REGISTERED NUMBER: 07625178) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 6 APRIL 2016 TO 31 MARCH 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Going concern |
These financial statements have been prepared on a going concern basis as the directors have agreed to provide |
ongoing financial support via their directors' loan accounts. |
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The directors have assessed the company's financial position as well as considered the future sales expectation. |
They have concluded that the company will still be able to trade for at least the next eighteen months. They, |
therefore, consider it correct to continue to adopt the going concern basis of accounting. |
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Amounts recoverable on contracts |
Amounts recoverable on contracts, which are included in debtors, are stated at the net sales value of the work |
done after provisions for contingencies and anticipated future losses on contracts, less amount received as |
progress payments on account. Excess progress payments are included in creditors as payments received on |
account. |
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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. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 6 April 2016 |
and 31 March 2017 |
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AMORTISATION |
At 6 April 2016 |
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Amortisation for period |
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At 31 March 2017 |
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NET BOOK VALUE |
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At 31 March 2017 |
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At 5 April 2016 |
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J D COMMERCIAL PROPERTY LIMITED (REGISTERED NUMBER: 07625178) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 6 APRIL 2016 TO 31 MARCH 2017 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 6 April 2016 |
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Additions |
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At 31 March 2017 |
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DEPRECIATION |
At 6 April 2016 |
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Charge for period |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 5 April 2016 |
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6. | ULTIMATE CONTROLLING PARTY |
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The controlling party is J H Doble. |
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7. | GOING CONCERN |
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These financial statements have been prepared on a going concern basis as the directors have agreed to provide |
ongoing financial support via their directors' loan accounts. |
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The directors have assessed the company's financial position as well as considered the future sales expectation. |
They have concluded that the company will still be able to trade for at least the next eighteen months. They, |
therefore, consider it correct to continue to adopt the going concern basis of accounting. |