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Unaudited Financial Statements for the Year Ended 28 February 2017 |
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J and J Investments 2012 Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 28 February 2017 |
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for |
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J and J Investments 2012 Limited |
J and J Investments 2012 Limited (Registered number: 08396005) |
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Contents of the Financial Statements |
for the Year Ended 28 February 2017 |
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Page |
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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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J and J Investments 2012 Limited |
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Company Information |
for the Year Ended 28 February 2017 |
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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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Chartered Certified Accountants |
17 Appleton Court |
Calder Park |
Wakefield |
West Yorkshire |
WF2 7AR |
J and J Investments 2012 Limited (Registered number: 08396005) |
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Balance Sheet |
28 February 2017 |
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28.2.17 | 28.2.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS/(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: |
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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 Board of Directors on
on its behalf by: |
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J and J Investments 2012 Limited (Registered number: 08396005) |
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Notes to the Financial Statements |
for the Year Ended 28 February 2017 |
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1. | STATUTORY INFORMATION |
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J and J Investments 2012 Limited is a
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and 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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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising |
from changes in fair value is recognised in profit or loss. |
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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. |
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Investment property is included in the balance sheet at it's open market value. Depreciation is |
provided only on properties which are leasehold and where the unexpired lease term is less than |
20 years. |
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Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller |
Entities (effective April 2008), it is a departure from the general requirement of the Companies Act |
2006 for tangible assets to be depreciated. In the opinion of the directors compliance with the |
standard is necessary for the financial statements to give a true and fair view. Depreciation or |
amortisation is only one of many factors reflected in the annual valuation and the amount of this |
might otherwise have been charged cannot be separately identified and quantified. |
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Taxation |
Taxation for the year 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 year 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 and J Investments 2012 Limited (Registered number: 08396005) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2017 |
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3. | FIXED ASSET INVESTMENTS |
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Investments (neither listed nor unlisted) were as follows: |
28.2.17 | 28.2.16 |
£ | £ |
Property investment | 68,900 | 68,900 |
Disposal of investment | (41,400 | ) | (41,400 | ) |
27,500 | 27,500 |
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4. | INVESTMENT PROPERTY |
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The valuation of the investment property was made by the directors on an open market as at 28 |
February 2016, this had not changed during the year ended 28 February 2017. On a historical |
cost basis this asset would have been included at an original cost of £57,974, and aggregate |
depreciation of £4,638. |
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Fair value at 28 February 2017 is represented by: |
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Valuation in 2017 | 75,000 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.17 | 28.2.16 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.17 | 28.2.16 |
£ | £ |
Trade creditors | ( |
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Taxation and social security |
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Other creditors |
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7. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £25,000 were paid to the directors . |
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8. | ULTIMATE CONTROLLING PARTY |
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The controlling party is J D Matthews. |