REGISTERED NUMBER: 10333565 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2018

FOR

JEFFREYS 11 INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

L Jeffreys

A C Jeffreys

REGISTERED OFFICE:

11 Shropshire Road

London

N22 8LX

REGISTERED NUMBER:

10333565 (England and Wales)

ACCOUNTANTS:

LBCA Ltd

1 Waterside

Station Road

Harpenden

Hertfordshire

AL5 4US

FIXED ASSETS

Tangible assets

3

4,365

1,800

Investment property

4

319,394

155,586

323,759

157,386

CURRENT ASSETS

Debtors

5

350

-

Cash at bank and in hand

47,005

7,177

47,355

7,177

CREDITORS

Amounts falling due within one year

6

156,204

164,951

NET CURRENT LIABILITIES

(108,849

)

(157,774

)

TOTAL ASSETS LESS CURRENT LIABILITIES

214,910

(388

)

CREDITORS

Amounts falling due after more than one year

7

(215,487

)

-

PROVISIONS FOR LIABILITIES

(470

)

(306

)

NET LIABILITIES

(1,047

)

(694

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,147

)

(794

)

(1,047

)

(694

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 20 May 2019 and were signed on its behalf by:

L Jeffreys - Director

1.	STATUTORY INFORMATION

Jeffreys 11 Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Tangible assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Investment property

Investment properties are initially recognised at cost which includes purchase price and attributable expenses.

Investment properties whose fair value can be measured reliably are measured at fair value at each reporting

date with changes in fair value recognised in profit and loss accumulated in the profit and loss reserve unless a

deficit below original cost, or its reversal, on an individual property is expected to be permanent, in which case it

is recognised in the profit and loss account for the year.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2017

2,400

Additions

4,020

At 31 August 2018

6,420

DEPRECIATION

At 1 September 2017

600

Charge for year

1,455

At 31 August 2018

2,055

NET BOOK VALUE

At 31 August 2018

4,365

At 31 August 2017

1,800

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2017

155,586

Additions

163,808

At 31 August 2018

319,394

NET BOOK VALUE

At 31 August 2018

319,394

At 31 August 2017

155,586

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

350

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

299

-

Taxation and social security

-

26

Other creditors

155,905

164,925

156,204

164,951

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

215,487

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

215,487

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Other loans

215,487

-

Onesavings Bank plc hold a charge dated 15 June 2018 over the property Flat 1102 Oxid House, 78 Newston

Street, Manchester.

Shawbrook Bank Ltd hold a charge dated 20 June 2018 over Apartment 28, 37 Park Road, Toxteth, Liverpool.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is £155,425 (2017:£164,925) owed to the directors.

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2018 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

LBCA Ltd

1 Waterside

Station Road

Harpenden

Hertfordshire

AL5 4US

20 May 2019