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

REGISTERED NUMBER: 00478536 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

J.TAYLOR (CARDIFF) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

155

188

Investment property

5

340,000

340,155

340,188

CURRENT ASSETS

Debtors

6

320

Cash at bank

11,905

10,111

12,225

10,431

CREDITORS

Amounts falling due within one year

7

43,941

43,542

NET CURRENT LIABILITIES

(31,716

)

(33,111

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

308,439

307,077

PROVISIONS FOR LIABILITIES

13,956

NET ASSETS

294,483

293,121

CAPITAL AND RESERVES

Called up share capital

8

500

Revaluation reserve

9

233,440

Retained earnings

60,543

59,181

SHAREHOLDERS' FUNDS

294,483

293,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 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 22 December 2021 and were signed by:

Mr L M Taylor - Director

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 are as below:

Registered number:

00478536

Registered office:

86 Albany Road

Roath

Caerdydd

CF24 3YZ

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 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

and 31 March 2021

8,223

DEPRECIATION

At 1 April 2020

8,035

Charge for year

33

At 31 March 2021

8,068

NET BOOK VALUE

At 31 March 2021

155

At 31 March 2020

188

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

and 31 March 2021

340,000

NET BOOK VALUE

At 31 March 2021

340,000

At 31 March 2020

340,000

Fair value at 31 March 2021 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:

31/3/21

31/3/20

£

Cost

56,428

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

31/3/21

31/3/20

£

Prepayments and accrued income

320

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

Tax

1,031

2,142

Other creditors

-

11,514

Directors' current accounts

38,733

25,708

Accruals and deferred income

3,000

Accrued expenses

1,177

1,178

43,941

43,542

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/21

31/3/20

value:

£

500

Ordinary

1

500

9.

RESERVES

Revaluation

reserve

£

At 1 April 2020

and 31 March 2021

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.

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

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