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Financial Statements |
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for the Year Ended 31 March 2017 |
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for |
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T J D Properties Limited |
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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31 March 2017 |
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for |
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T J D Properties Limited |
T J D Properties Limited (Registered number: 03616161) |
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Contents of the Financial Statements |
for the Year Ended 31 March 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 | 4 |
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T J D Properties Limited |
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Company Information |
for the Year Ended 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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Chartered Accountants |
Kepier House |
Belmont Business Park |
Durham |
DH1 1TW |
T J D Properties Limited (Registered number: 03616161) |
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Balance Sheet |
31 March 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
( |
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( |
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PROVISIONS FOR LIABILITIES | 10 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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Share premium |
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Retained earnings non - |
distributable |
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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. |
T J D Properties Limited (Registered number: 03616161) |
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Balance Sheet - continued |
31 March 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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T J D Properties Limited (Registered number: 03616161) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
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1. | STATUTORY INFORMATION |
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T J D Properties 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 |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" |
of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of |
Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost |
convention. |
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There were no material departures from that standard. |
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These financial statements for the year ended 31 March 2017 are the first financial statements that comply with |
FRS 102 Section 1A small entities. The date of transition is 1 April 2015. |
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The principal accounting policies adopted in the preparation of the financial statements are set out below and |
have remained unchanged from the previous year, and also have been consistently applied within the same |
accounts. |
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Turnover |
Turnover represents rents receivable during the year. Rents received in advance that relate to future periods are |
deferred and provided for in creditors. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Investment property |
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is |
recognised in profit or loss. |
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Financial instruments |
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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T J D Properties Limited (Registered number: 03616161) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2016 |
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Additions |
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At 31 March 2017 |
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DEPRECIATION |
At 1 April 2016 |
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Charge for year |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 April 2016 |
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Additions |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is |
recognised in profit or loss. In the opinion of the directors, this represents the fair value as at 31 March 2017. |
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Fair value at 31 March 2017 is represented by: |
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£ |
Valuation in 2014 | (2,000,000 | ) |
Valuation in 2016 | 414,410 |
Cost | 10,447,511 |
8,861,921 |
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Investment properties were valued by Sanderson Weatherall on an open market value basis on 12 February 2016. |
In the opinion of the directors, this represents the fair value as at 31 March 2017. |
T J D Properties Limited (Registered number: 03616161) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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Directors' current accounts | 3,221,820 | 3,221,820 |
Accruals and deferred income |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Bank loans - 2-5 years |
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Bank loans more than 5 years |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more than 5 years | 3,427,775 | 3,967,470 |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2017 | 2016 |
£ | £ |
Bank loans |
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Bank loans are secured on a fixed and floating charge over the property and assets of the company. |
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10. | PROVISIONS FOR LIABILITIES |
2017 | 2016 |
£ | £ |
Deferred tax | 78,738 | 78,738 |
T J D Properties Limited (Registered number: 03616161) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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10. | PROVISIONS FOR LIABILITIES - continued |
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Deferred |
tax |
£ |
Balance at 1 April 2016 |
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Balance at 31 March 2017 |
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11. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 | 422,016 | 422,016 |
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12. | RELATED PARTY DISCLOSURES |
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There were no related party transactions other than those concluded under normal market conditions, except for |
those shown below. |
2017 | 2016 |
£ | £ |
Amount due to directors | 3,221,820 | 3,221,820 |
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No interest has been charged. |
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13. | FIRST YEAR ADOPTION |
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The company has adopted FRS 102 Section 1A for the year ended 31 March 2017. |
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T J D Properties Limited was previously required to recognise a separate revaluation reserve. Under FRS 102, |
the revaluation reserve is now shown in retained earnings. |
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T J D Properties Limited was not previously required to recognise deferred tax on the revaluations of investment |
property. Under FRS 102, the deferred tax liability is shown in the balance sheet. |
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No other adjustments were required on transition. |
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