REGISTERED NUMBER:
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JMG Bridge Properties Limited |
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Abbreviated Unaudited Accounts for the Year Ended 31st March 2016 |
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REGISTERED NUMBER:
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JMG Bridge Properties Limited |
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Abbreviated Unaudited Accounts for the Year Ended 31st March 2016 |
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JMG Bridge Properties Limited (Registered number: 07982239) |
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Contents of the Abbreviated Accounts |
for the year ended 31st March 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
JMG Bridge Properties Limited |
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Company Information |
for the year ended 31st March 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BANKERS: |
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JMG Bridge Properties Limited (Registered number: 07982239) |
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Abbreviated Balance Sheet |
31st March 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
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 ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS
CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more
than one year |
3 |
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NET ASSETS |
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JMG Bridge Properties Limited (Registered number: 07982239) |
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Abbreviated Balance Sheet - continued |
31st March 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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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. |
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The financial statements were approved by the Board of Directors on
were signed on its behalf by: |
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JMG Bridge Properties Limited (Registered number: 07982239) |
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Notes to the Abbreviated Accounts |
for the year ended 31st March 2016 |
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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 is the value of rents received on the company's buy-to-let properties. |
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Tangible fixed assets |
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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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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st April 2015 |
and 31st March 2016 |
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DEPRECIATION |
At 1st April 2015 |
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Charge for year |
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At 31st March 2016 |
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NET BOOK VALUE |
At 31st March 2016 |
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At 31st March 2015 |
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JMG Bridge Properties Limited (Registered number: 07982239) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31st March 2016 |
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3. | CREDITORS |
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Creditors include the following debts falling due in more than five years: |
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2016 | 2015 |
£ | £ |
Repayable otherwise than by instalments | 1,060,140 | 1,060,140 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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5. | LOANS FROM DIRECTORS. |
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The directors made a loan to their company to enable it to purchase a leasehold |
property for renting.. |
The loans are unsecured and interest free . |
The loans are technically repayable on giving 30 days notice. |
However, as the loans were made to enable the company to purchase the property it |
is understood that the loans are unlikely to be repaid until either the property or the |
shares in the company are sold. |
For this reason the loans are classified as " long-term loans." |