J. V. PROPERTIES (UK) LTD,Ltd - Accounts

J. V. PROPERTIES (UK) LTD,Ltd - Accounts

J. V. PROPERTIES (UK) LIMITED - Company Information

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2014-07-01 true false Private Limited Company 06273801 2015-06-30 06273801 2014-07-01 2015-06-30 06273801 2014-06-30 06273801 2013-07-01 2014-06-30 06273801 uk-bus:Director1 2014-07-01 2015-06-30 06273801 uk-gaap:InvestmentProperties 2014-07-01 2015-06-30 06273801 uk-gaap:ComputerEquipment 2014-07-01 2015-06-30 06273801 uk-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP
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J. V. PROPERTIES (UK) LTD
For the year ended 30 June 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06273801
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Contents Page
J. V. PROPERTIES (UK) LTD
For the year ended 30 June 2015
1
Accountants' Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
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J. V. PROPERTIES (UK) LTD
Accountants' Report
For the year ended 30 June 2015
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 30 June 2015 and you consider that the company is exempt from an audit under the Companies Act 2006.
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.
G Teoli & Co.
Certified Public Accountants
Balfour House
741 High Road
London
N12 0BP
29 April 2016
Dated:
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Abbreviated Balance Sheet
J. V. PROPERTIES (UK) LTD
As at 30 June 2015
06273801
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
510,968
651,978
Investments
650,000
650,000
3
1,160,968
1,301,978
Current assets
Debtors
-
21,944
Cash at bank and in hand
23,523
2,891
45,467
2,891
Creditors: amounts falling due within one year
(1,308,372)
(1,161,333)
(1,305,481)
(1,115,866)
Net current liabilities
Total assets less current liabilities
45,102
(3,503)
45,102
Net assets/liabilities
(3,503)
Capital and reserves
Called up share capital
200
4
200
Profit and loss account
44,902
(3,703)
45,102
(3,503)
Shareholders funds
For the year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Date approved by the board: 29 April 2016
Mr Roberto Gambetti Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
J. V. PROPERTIES (UK) LTD
For the year ended 30 June 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover represents rents receivable.
Foreign currency
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the
transaction. All foreign exchange differences are included to the profit and loss account.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
1% Straight line
Computer Equipment
25% Straight line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
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Notes to the Abbreviated Financial Statements
J. V. PROPERTIES (UK) LTD
For the year ended 30 June 2015
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
679,632
At 01 July 2014
807
Additions
(140,000)
Disposals
At 30 June 2015
540,439
Depreciation
27,654
At 01 July 2014
(3,750)
Disposals
5,567
Charge for year
29,471
At 30 June 2015
Net book values
At 30 June 2015
510,968
651,978
At 30 June 2014
3 Fixed asset investments
650,000
At 01 July 2014
Fixed asset
investments
Cost
£
At 30 June 2015
650,000
Net book value
At 01 July 2014
At 30 June 2015
650,000
650,000
4 Share capital
Allotted called up and fully paid
2015
2014
£
£
200 Class A shares of £1.00 each
200
200
200
200
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