Period from 1 January 2018 to
Registration number:
James Family Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
James Family Limited
Company Information
Director |
L.A. James |
Company secretary |
L.A. James |
Registered office |
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Accountants |
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Page 1 |
James Family Limited
Balance Sheet
31 March 2019
Note |
2019 |
2017 |
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Fixed assets |
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Investment property |
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- |
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Other financial assets |
95,475 |
95,475 |
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Current assets |
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Debtors |
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- |
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Cash at bank and in hand |
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- |
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- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Page 2 |
James Family Limited
Balance Sheet
31 March 2019
For the financial period ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
......................................... |
Company Registration Number: 04803546
Page 3 |
James Family Limited
Notes to the Financial Statements
Period from 1 January 2018 to 31 March 2019
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A, and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Disclosure of long or short period
Revenue recognition
Turnover represents the fair value of services povided under contracts with customers to the extent that there is a right to consideration.
Services are measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.
Invoices are not raised until a contract is complete so the value of incomplete services is included in Amounts recoverable on contracts in the balance sheet.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Page 4 |
James Family Limited
Notes to the Financial Statements
Period from 1 January 2018 to 31 March 2019
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investment property
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Investment properties |
2019 |
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Additions |
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The director doesn’t consider that there has been any significant change in valuation of the investment properties between date of purchase and the current balance sheet date.
There has been no valuation of investment property by an independent valuer.
Page 5 |
James Family Limited
Notes to the Financial Statements
Period from 1 January 2018 to 31 March 2019
Other financial assets (current and non-current) |
Financial assets at cost less impairment |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 January 2018 |
95,475 |
95,475 |
At 31 March 2019 |
95,475 |
95,475 |
Impairment |
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Carrying amount |
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At 31 March 2019 |
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95,475 |
Debtors |
2019 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2019 |
31 December 2017 |
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Due within one year |
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Corporation tax |
25,497 |
- |
Social security and other taxes |
|
- |
Other creditors |
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Accrued expenses |
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- |
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Page 6 |