CJSL Property Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08089598 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

CJSL Property Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Johnson

S Lewis

SECRETARY:

Mrs S E J Johnson

REGISTERED OFFICE:

30B Southgate

Chichester

West Sussex

PO19 1DP

REGISTERED NUMBER:

08089598 (England and Wales)

ACCOUNTANTS:

Robert Sadler & Company Ltd

Chartered Accountants

30B Southgate

Chichester

West Sussex

PO19 1DP

FIXED ASSETS

Tangible assets

4

1,408

1,761

Investment property

5

550,000

550,000

551,408

551,761

CURRENT ASSETS

Debtors

2,745

3,108

Cash at bank and in hand

17,358

15,414

20,103

18,522

CREDITORS

Amounts falling due within one year

168,483

204,807

NET CURRENT LIABILITIES

(148,380

)

(186,285

)

TOTAL ASSETS LESS CURRENT LIABILITIES

403,028

365,476

PROVISIONS FOR LIABILITIES

20,400

20,400

NET ASSETS

382,628

345,076

CAPITAL AND RESERVES

Called up share capital

4

4

Non-distributable profit

144,266

144,266

Retained earnings

238,358

200,806

SHAREHOLDERS' FUNDS

382,628

345,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2020 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 and authorised for issue on 14 July 2020 and were signed on its behalf by:

C Johnson - Director

S Lewis - Director

1.	STATUTORY INFORMATION

CJSL Property Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2019

and 31 March 2020

2,990

DEPRECIATION

At 1 April 2019

1,229

Charge for year

353

At 31 March 2020

1,582

NET BOOK VALUE

At 31 March 2020

1,408

At 31 March 2019

1,761

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

550,000

NET BOOK VALUE

At 31 March 2020

550,000

At 31 March 2019

550,000

The investment property was valued by Mr C Johnson, a company director, on 31st March 2020. The valuation

is considered to be an appropriate reflection of the fair value of the property at the year end.

Fair value at 31 March 2020 is represented by:

£

Valuation in 2017

164,666

Cost

385,334

550,000