J.Taylor (Cardiff) Limited - Accounts to registrar (filleted) - small 18.2

J.Taylor (Cardiff) Limited - Accounts to registrar (filleted) - small 18.2

J.TAYLOR(CARDIFF)LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.2.0.366 00478536 director 1.4.19 31.3.20 31.3.20 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure004785362019-03-31004785362020-03-31004785362019-04-012020-03-31004785362018-03-31004785362018-04-012019-03-31004785362019-03-3100478536ns16:EnglandWales2019-04-012020-03-3100478536ns15:PoundSterling2019-04-012020-03-3100478536ns11:Director12019-04-012020-03-3100478536ns11:PrivateLimitedCompanyLtd2019-04-012020-03-3100478536ns11:SmallEntities2019-04-012020-03-3100478536ns11:AuditExemptWithAccountantsReport2019-04-012020-03-3100478536ns11:SmallCompaniesRegimeForDirectorsReport2019-04-012020-03-3100478536ns11:SmallCompaniesRegimeForAccounts2019-04-012020-03-3100478536ns11:FullAccounts2019-04-012020-03-3100478536ns11:OrdinaryShareClass12019-04-012020-03-3100478536ns11:RegisteredOffice2019-04-012020-03-3100478536ns6:CurrentFinancialInstruments2020-03-3100478536ns6:CurrentFinancialInstruments2019-03-3100478536ns6:ShareCapital2020-03-3100478536ns6:ShareCapital2019-03-3100478536ns6:RevaluationReserve2020-03-3100478536ns6:RevaluationReserve2019-03-3100478536ns6:RetainedEarningsAccumulatedLosses2020-03-3100478536ns6:RetainedEarningsAccumulatedLosses2019-03-3100478536ns6:PlantMachinery2019-04-012020-03-3100478536ns6:PlantMachinery2019-03-3100478536ns6:PlantMachinery2020-03-3100478536ns6:PlantMachinery2019-03-3100478536ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-03-3100478536ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-03-3100478536ns11:OrdinaryShareClass12020-03-3100478536ns6:RevaluationReserve2019-03-31
REGISTERED NUMBER: 00478536 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

J.TAYLOR (CARDIFF) LIMITED
J.TAYLOR (CARDIFF) LIMITED (REGISTERED NUMBER: 00478536)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

J.TAYLOR (CARDIFF) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTOR: Mr L M Taylor





REGISTERED OFFICE: 86 Albany Road
Roath
Caerdydd
CF24 3YZ





REGISTERED NUMBER: 00478536 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW
Page 1
J.TAYLOR (CARDIFF) LIMITED (REGISTERED NUMBER: 00478536)

BALANCE SHEET
31 MARCH 2020

31/3/20 31/3/19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188 221
Investment property 5 340,000 280,000
340,188 280,221

CURRENT ASSETS
Debtors 6 320 25,368
Cash at bank 10,111 7,561
10,431 32,929
CREDITORS
Amounts falling due within one year 7 43,542 42,608
NET CURRENT LIABILITIES (33,111 ) (9,679 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
307,077
270,542

PROVISIONS FOR LIABILITIES 13,956 7,054
NET ASSETS 293,121 263,488

CAPITAL AND RESERVES
Called up share capital 8 500 500
Revaluation reserve 9 233,440 205,414
Retained earnings 59,181 57,574
SHAREHOLDERS' FUNDS 293,121 263,488

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 director acknowledges his 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...
J.TAYLOR (CARDIFF) LIMITED (REGISTERED NUMBER: 00478536)

BALANCE SHEET - continued
31 MARCH 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 9 December 2020 and were signed by:





Mr L M Taylor - Director


The notes form part of these financial statements

Page 3
J.TAYLOR (CARDIFF) LIMITED (REGISTERED NUMBER: 00478536)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1. STATUTORY INFORMATION

J.Taylor (Cardiff) 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.

Turnover
Turnover represents rents receivable during the year.

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 cost and 15% on reducing balance

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit
or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2019
and 31 March 2020 8,223
DEPRECIATION
At 1 April 2019 8,002
Charge for year 33
At 31 March 2020 8,035
NET BOOK VALUE
At 31 March 2020 188
At 31 March 2019 221

Page 4 continued...
J.TAYLOR (CARDIFF) LIMITED (REGISTERED NUMBER: 00478536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2019 280,000
Additions 25,065
Revaluations 34,935
At 31 March 2020 340,000
NET BOOK VALUE
At 31 March 2020 340,000
At 31 March 2019 280,000

Fair value at 31 March 2020 is represented by:

£   
Valuation in 2005 288,364
Valuation in 2009 (40,000 )
Valuation in 2020 35,208
Cost 56,428
340,000

If the investment property had not been revalued it would have been included at the following historical cost:

31/3/20 31/3/19
£    £   
Cost 56,428 31,636
Aggregate depreciation (5,498 ) (5,498 )

The investment property was valued on an open market basis on 26 August 2020 by Emanuel Jones Chartered Surveyors
.

Investment property is valued by the directors each year by reference to the value of similar properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/20 31/3/19
£    £   
Other debtors - 25,065
Prepayments and accrued income 320 303
320 25,368

Page 5 continued...
J.TAYLOR (CARDIFF) LIMITED (REGISTERED NUMBER: 00478536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/20 31/3/19
£    £   
Tax 2,142 2,283
Other creditors 11,514 11,514
Directors' current accounts 25,708 24,635
Accruals and deferred income 3,000 3,000
Accrued expenses 1,178 1,176
43,542 42,608

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/3/20 31/3/19
value: £    £   
500 Ordinary 1 500 500

9. RESERVES
Revaluatio
reserve
£   
At 1 April 2019 205,414
Revaluation 28,026

At 31 March 2020 233,440

The revaluation reserve represents the part of retained earnings that has arisen from valuing the investment property
at fair value, less the related deferred tax provision..

10. RELATED PARTY DISCLOSURES

During the year,the first floor of the company premise was occupied by LT Architects LTD, a company which the
director is the shareholder & director.

Page 6
J.TAYLOR (CARDIFF) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
J.TAYLOR (CARDIFF) LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a
Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2020 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW


Date: .............................................

This page does not form part of the statutory financial statements

Page 7