JKR Developments Ltd Filleted accounts for Companies House (small and micro)

JKR DEVELOPMENTS LTD - Company Information

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COMPANY REGISTRATION NUMBER: NI626502

JKR Developments Ltd

Filleted Unaudited Abridged Financial Statements

31 March 2018

JKR Developments Ltd

Abridged Financial Statements

Period from 1 October 2016 to 31 March 2018

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	2

JKR Developments Ltd

Abridged Statement of Financial Position

31 March 2018

	31 Mar 18		30 Sep 16
Note	£	£	£

Current assets

Stocks	124,123		82,123

Creditors: amounts falling due within one year	125,463		82,983
	---------		--------
Net current liabilities		1,340	860
		-------	----
Total assets less current liabilities		( 1,340)	( 860)
		-------	----
Net liabilities		( 1,340)	( 860)
		-------	----

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 1,440)	( 960)
	-------	----
Shareholders deficit	( 1,340)	( 860)
	-------	----

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of financial position for the period ending 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 26 November 2018 , and are signed on behalf of the board by:

Mr J McLaughlin
Director

Company registration number: NI626502

JKR Developments Ltd

Notes to the Abridged Financial Statements

Period from 1 October 2016 to 31 March 2018

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 50 Altinure Road, Claudy, Co. Derry, BT47 4DE, N. Ireland.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 5.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Related party transactions

The company was under the control of Mr James McLaughlin and Mrs Briege McLaughlin since incorporation. They are the sole directors and shareholders of the company. Mrs B McLaughlin resigned as director on 13 June 2018.

5. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October 2015.

No transitional adjustments were required in equity or profit or loss for the year.