JEM Homes Limited - Limited company - abbreviated - 11.6

JEM Homes Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 04430269 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2014

FOR

JEM HOMES LIMITED

JEM HOMES LIMITED (REGISTERED NUMBER: 04430269)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2014










Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

JEM HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2014







DIRECTORS: J Murphy
P G Murphy





REGISTERED OFFICE: 75 Park Lane
Croydon
Surrey
CR9 1XS





REGISTERED NUMBER: 04430269 (England and Wales)





ACCOUNTANTS: Kings Mill Partnership
75 Park Lane
Croydon
Surrey
CR9 1XS

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JEM HOMES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to four)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of JEM Homes Limited (Company registration number: 04430269) for the period ended 30
November 2014 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the
company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject
to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of JEM Homes Limited, as a body, in accordance with our terms of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JEM Homes
Limited and state those matters that we have agreed to state to the Board of Directors of JEM Homes Limited, as a body,
in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law,
we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for
our work or for this report.

It is your duty to ensure that JEM Homes Limited has kept adequate accounting records and to prepare statutory
financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JEM Homes
Limited. You consider that JEM Homes Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of JEM Homes Limited. For
this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations
you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Kings Mill Partnership
75 Park Lane
Croydon
Surrey
CR9 1XS


28 August 2015

JEM HOMES LIMITED (REGISTERED NUMBER: 04430269)

ABBREVIATED BALANCE SHEET
30 NOVEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 3,181 6,363

CURRENT ASSETS
Stocks 1,481,054 1,480,011
Debtors 45,695 -
Cash at bank 8,211 222,090
1,534,960 1,702,101
CREDITORS
Amounts falling due within one year 1,535,474 1,675,513
NET CURRENT (LIABILITIES)/ASSETS (514 ) 26,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,667

32,951

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 2,665 32,949
SHAREHOLDERS' FUNDS 2,667 32,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 28 August 2015 and were signed on its behalf by:





P G Murphy - Director


JEM HOMES LIMITED (REGISTERED NUMBER: 04430269)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents the invoiced value, net of Value Added Tax, of goods sold and services provided to
customers outside the group and, in the case of long term contracts, credit is taken appropriate to the stage of
completion when the outcome of the contract can be assessed with reasonable certainty.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off
the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery25% straight line

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value. Cost is based on the cost of
purchase and includes directly attributable finance costs. Where projects are complete and awaiting sale, interest
is charged to the profit and loss account. Net realisable value is based upon estimated selling price less further
costs expected to be incurred to completion and disposal. Provision is made for obsolete and slow moving items.

Deferred tax
Deferred tax is provided using the liability method in respect of all material timing differences that have
originated but not reversed by the balance sheet date. Deferred tax assets are recognised where it is considered
more likely than not that future profits will be available for offset. The company has not adopted a policy of
discounting deferred tax assets and liabilities.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2013
and 30 November 2014 13,867
DEPRECIATION
At 1 December 2013 7,504
Charge for year 3,182
At 30 November 2014 10,686
NET BOOK VALUE
At 30 November 2014 3,181
At 30 November 2013 6,363

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary £1 2 2