JEFFERLEY LTD - Accounts to registrar (filleted) - small 18.2

JEFFERLEY LTD - Accounts to registrar (filleted) - small 18.2

JEFFERLEY LTD - Company Information

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REGISTERED NUMBER: 05710885 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

JEFFERLEY LTD
JEFFERLEY LTD (REGISTERED NUMBER: 05710885)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


JEFFERLEY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTORS: Mr J Hoffman
Mrs F I Hoffman





SECRETARY: Mrs H Hoffman





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 05710885 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
JEFFERLEY LTD (REGISTERED NUMBER: 05710885)

ABRIDGED STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,185 1,580
Investment property 5 1,000,000 1,000,000
1,001,185 1,001,580

CURRENT ASSETS
Debtors 150,394 136,141
Cash at bank 18,384 3,593
168,778 139,734
CREDITORS
Amounts falling due within one year 246,505 236,800
NET CURRENT LIABILITIES (77,727 ) (97,066 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
923,458
904,514

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 6 679,000 679,000
Retained earnings 244,457 225,513
SHAREHOLDERS' FUNDS 923,458 904,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 2 continued...
JEFFERLEY LTD (REGISTERED NUMBER: 05710885)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28 February 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 February 2019 and were signed on its behalf by:





Mr J Hoffman - Director


The notes form part of these financial statements

Page 3
JEFFERLEY LTD (REGISTERED NUMBER: 05710885)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

1. STATUTORY INFORMATION

JEFFERLEY LTD is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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 as modified by the revaluation of certain assets.

Turnover
Turnover represent net rent receivable excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

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.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - NIL ) .

Page 4 continued...
JEFFERLEY LTD (REGISTERED NUMBER: 05710885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2017
and 28 February 2018 7,774
DEPRECIATION
At 1 March 2017 6,194
Charge for year 395
At 28 February 2018 6,589
NET BOOK VALUE
At 28 February 2018 1,185
At 28 February 2017 1,580

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2017
and 28 February 2018 1,000,000
NET BOOK VALUE
At 28 February 2018 1,000,000
At 28 February 2017 1,000,000

Fair value at 28 February 2018 is represented by:

£   
Valuation in 2015 679,000
Cost 321,000
1,000,000

6. RESERVES
Revaluation
reserve
£   
At 1 March 2017
and 28 February 2018 679,000

Page 5