JEFFERLEY LTD - Accounts to registrar (filleted) - small 17.3

JEFFERLEY LTD - Accounts to registrar (filleted) - small 17.3

JEFFERLEY LTD - Company Information

Print Friendly Version

IRIS Accounts Production v17.3.1.106 05710885 director 1.3.16 28.2.17 28.2.17 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure057108852016-02-29057108852017-02-28057108852016-03-012017-02-28057108852015-02-28057108852015-03-012016-02-29057108852016-02-2905710885ns15:EnglandWales2016-03-012017-02-2805710885ns14:PoundSterling2016-03-012017-02-2805710885ns10:Director12016-03-012017-02-2805710885ns10:PrivateLimitedCompanyLtd2016-03-012017-02-2805710885ns10:SmallEntities2016-03-012017-02-2805710885ns10:AuditExempt-NoAccountantsReport2016-03-012017-02-2805710885ns10:SmallCompaniesRegimeForDirectorsReport2016-03-012017-02-2805710885ns10:SmallCompaniesRegimeForAccounts2016-03-012017-02-2805710885ns10:AbridgedAccounts2016-03-012017-02-2805710885ns10:CompanySecretary12016-03-012017-02-2805710885ns10:RegisteredOffice2016-03-012017-02-2805710885ns5:CurrentFinancialInstruments2017-02-2805710885ns5:CurrentFinancialInstruments2016-02-2905710885ns5:ShareCapital2017-02-2805710885ns5:ShareCapital2016-02-2905710885ns5:RevaluationReserve2017-02-2805710885ns5:RevaluationReserve2016-02-2905710885ns5:RetainedEarningsAccumulatedLosses2017-02-2805710885ns5:RetainedEarningsAccumulatedLosses2016-02-2905710885ns5:FurnitureFittings2016-03-012017-02-2805710885ns5:RevaluationReserve2016-02-29


REGISTERED NUMBER: 05710885 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

JEFFERLEY LTD
JEFFERLEY LTD (REGISTERED NUMBER: 05710885)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


JEFFERLEY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2017







DIRECTOR: Mr J Hoffman





SECRETARY: Mrs H Hoffman





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 05710885 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
JEFFERLEY LTD (REGISTERED NUMBER: 05710885)

ABRIDGED STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2017

28.2.17 29.2.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,580 2,107
Investment property 4 1,000,000 1,000,000
1,001,580 1,002,107

CURRENT ASSETS
Debtors 136,141 121,911
Cash at bank 3,593 6,878
139,734 128,789
CREDITORS
Amounts falling due within one year 236,800 281,642
NET CURRENT LIABILITIES (97,066 ) (152,853 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
904,514
849,254

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 5 679,000 679,000
Retained earnings 225,513 170,253
SHAREHOLDERS' FUNDS 904,514 849,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these financial statements

Page 2 continued...
JEFFERLEY LTD (REGISTERED NUMBER: 05710885)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2017


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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28 February 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 27 February 2018 and were signed by:





Mr J Hoffman - Director


The notes form part of these financial statements

Page 3
JEFFERLEY LTD (REGISTERED NUMBER: 05710885)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017

1. STATUTORY INFORMATION

JEFFERLEY LTD 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 as modified by the revaluation of certain assets.

Turnover
Turnover represent net rent receivable excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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 statement of financial position date.

Investment property - depreciation
In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or
amortisation is provided in respect of freehold investment properties nor on leasehold investment properties
having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act
2006, for all properties to be depreciated, is necessary, as the director considers that this accounting policy results
in the financial statements giving true and fair view.

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2016
and 28 February 2017 7,774
DEPRECIATION
At 1 March 2016 5,667
Charge for year 527
At 28 February 2017 6,194
NET BOOK VALUE
At 28 February 2017 1,580
At 29 February 2016 2,107

Page 4 continued...
JEFFERLEY LTD (REGISTERED NUMBER: 05710885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2017

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2016
and 28 February 2017 1,000,000
NET BOOK VALUE
At 28 February 2017 1,000,000
At 29 February 2016 1,000,000

Fair value at 28 February 2017 is represented by:

£   
Valuation in 2015 679,000
Cost 321,000
1,000,000

5. RESERVES
Revaluation
reserve
£   
At 1 March 2016
and 28 February 2017 679,000

Page 5