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REGISTERED NUMBER: 07920973 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Jkf Property Limited

Jkf Property Limited (Registered number: 07920973)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Jkf Property Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: K Patterson
T P Stubbins
R W Gray





SECRETARY: T P Stubbins





REGISTERED OFFICE: Britannia House
Marshall's Yard
Gainsborough
Lincolnshire
DN21 2NA





BUSINESS ADDRESS: Primrose Street
Gainsborough
Lincolnshire
DN21 1HU





REGISTERED NUMBER: 07920973 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Britannia House
Marshall's Yard
Gainsborough
Lincolnshire
DN21 2NA

Jkf Property Limited (Registered number: 07920973)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,981 6,940
Investment property 5 461,952 443,379
466,933 450,319

CURRENT ASSETS
Debtors 6 105,896 105,761
Cash at bank 27,079 11,789
132,975 117,550
CREDITORS
Amounts falling due within one year 7 111,425 107,992
NET CURRENT ASSETS 21,550 9,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

488,483

459,877

CREDITORS
Amounts falling due after more than one year 8 (312,489 ) (334,223 )

PROVISIONS FOR LIABILITIES (5,160 ) (5,602 )
NET ASSETS 170,834 120,052

CAPITAL AND RESERVES
Called up share capital 10 3 3
Retained earnings 170,831 120,049
SHAREHOLDERS' FUNDS 170,834 120,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 Board of Directors on 16 October 2018 and were signed on its behalf by:





K Patterson - Director


Jkf Property Limited (Registered number: 07920973)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Jkf Property 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 - 20% on cost

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 balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

Jkf Property Limited (Registered number: 07920973)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2017
and 31 March 2018 20,205 9,217 29,422
DEPRECIATION
At 1 April 2017 13,265 9,217 22,482
Charge for year 1,959 - 1,959
At 31 March 2018 15,224 9,217 24,441
NET BOOK VALUE
At 31 March 2018 4,981 - 4,981
At 31 March 2017 6,940 - 6,940

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2017
and 31 March 2018 461,952
DEPRECIATION
At 1 April 2017 18,573
Charge written back (18,573 )
At 31 March 2018 -
NET BOOK VALUE
At 31 March 2018 461,952
At 31 March 2017 443,379

It was confirmed by the directors that the property value has not changed since the 2017 valuation.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 80,355 80,633
Other debtors 25,541 25,128
105,896 105,761

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts (see note 9) 21,733 21,733
Trade creditors 29,084 28,167
Taxation and social security 15,379 14,074
Other creditors 45,229 44,018
111,425 107,992

Jkf Property Limited (Registered number: 07920973)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans (see note 9) 177,489 199,223
Other creditors 135,000 135,000
312,489 334,223

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 90,557 112,291

9. LOANS

An analysis of the maturity of loans is given below:

2018 2017
£    £   
Amounts falling due within one year or on demand:
Bank loans 21,733 21,733

Amounts falling due between one and two years:
Other loans more than 1 year 135,000 135,000
Bank loans - 1-2 years 21,733 21,733
156,733 156,733

Amounts falling due between two and five years:
Bank loans - 2-5 years 65,199 65,199

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 90,557 112,291

The bank loan is secured through a first legal charge dated 3 May 2012 over the freehold property.

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
3 Ordinary £1 3 3

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Jkf Property Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements
and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Jkf Property Limited for the year ended 31 March 2018 which comprise the Income Statement,
Balance Sheet and the related notes from the company's accounting records and from information and explanations you
have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Jkf Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jkf Property Limited and state those matters that we have agreed to state to the Board of Directors of Jkf Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jkf Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jkf Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jkf Property Limited. You consider that Jkf Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jkf Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Britannia House
Marshall's Yard
Gainsborough
Lincolnshire
DN21 2NA


16 October 2018