J&W Property Development Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09850616 (England and Wales)

J&W PROPERTY DEVELOPMENT LTD

PREVIOUSLY KNOWN AS

UKPM (SOUTHAMPTON) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

30 OCTOBER 2015 TO 31 OCTOBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J R Mortimore

R Jones

Mrs A J Mortimore

Mrs W M Jones

REGISTERED OFFICE:

Sidings House

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

REGISTERED NUMBER:

09850616 (England and Wales)

CURRENT ASSETS

Stocks

347,816

Debtors

17,820

Cash at bank

15

365,651

CREDITORS

Amounts falling due within one year

2

423,175

NET CURRENT LIABILITIES

(57,524

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(57,524

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(57,526

)

SHAREHOLDERS' FUNDS

(57,524

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2016 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 26 July 2017 and were signed on its behalf by:

J R Mortimore - Director

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 January 2015).

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Going concern

At 31 October 2016, the company had net liabilities of 57,524. Given this is the first year of trading, the directors

consider it appropriate to prepare the financial statements on a going concern basis.

2.

CREDITORS

Creditors include an amount of £ 415,676 for which security has been given.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 October 2016:

£

J R Mortimore

Balance outstanding at start of period

-

Amounts advanced

14,493

Amounts repaid

-

Balance outstanding at end of period

14,493