NJD Capital Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06578142 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

NJD Capital Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J G Smith

SECRETARY:

A N Exley

REGISTERED OFFICE:

12 York Place

Leeds

LS1 2DS

REGISTERED NUMBER:

06578142 (England and Wales)

ACCOUNTANTS:

Sochall Smith Limited

Chartered Accountants

3 Park Square

Leeds

LS1 2NE

CURRENT ASSETS

Cash at bank

60,297

104,811

CREDITORS

Amounts falling due within one year

4

1,024

1,600

NET CURRENT ASSETS

59,273

103,211

TOTAL ASSETS LESS CURRENT LIABILITIES

59,273

103,211

CAPITAL AND RESERVES

Called up share capital

11,645

11,645

Share premium

5

34,693

34,693

Retained earnings

5

12,935

56,873

SHAREHOLDERS' FUNDS

59,273

103,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 1 September 2017 and were signed by:

J G Smith - Director

1.	STATUTORY INFORMATION

NJD Capital 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value of monitoring services charged to trade investment companies, sale proceeds

arising from the disposal of investments held for resale and dividends receivable from such investments.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement

as financial asset, financial liabilities or equity instruments. An equity instrument is any contract that evidences a

residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Cost of sales

Cost of sales includes the book cost of trade investments sold in the period together with any impairment in

value of investments and costs associated with monitoring investments

Investments

Investments comprise shares in unquoted companies and monetary loan stock.

Investments are held as current asset trade investments and are valued at the lower of cost and net realisable

value. The net realisable value of unquoted investments is not readily determinable by reference to a quoted

price. The director has therefore made his own assessment of the net realisable value and adjusted the carrying

value where it is considered to be less than cost. This estimate requires estimation techniques which are reliant

upon his experience and expertise.

These current asset investments are held as part of a portfolio and no investments are made as a media through

which the company carries on its business, investments which may otherwise be classified as fixed assets for

accounting purposes.

Interest charged on monetary loan stock is included in interest income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Tax

4

-

Accrued expenses

1,020

1,600

1,024

1,600

5.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 July 2016

56,873

34,693

91,566

Profit for the year

8,466

8,466

Dividends

(52,404

)

(52,404

)

At 30 June 2017

12,935

34,693

47,628

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £4,978 (2016: £Nil) were paid to the director.

The company owns 30% of the share capital of Holidays4Golfers Limited.

During the year the company received interest of £7,700 (2016: £8,640) from Holidays4Golfers Limited.

During the year, the company also received loan repayments of £5,000 (2016: £12,000) from Holidays4Golfers

Limited in relation to a loan that had previously been fully provided for.

At the year end, Holidays4Golfers Limited owed the company £117,695 (2016: £122,695) which has been fully

provided for.

7.	ULTIMATE CONTROLLING PARTY

In the opinion of the director, no one person or undertaking has overall control of the company.