REGISTERED NUMBER: 10757177 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 5 MAY 2017 TO 31 MAY 2018

FOR

J4 Asset Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J E Fry

Dr J Spencer-Fry

REGISTERED OFFICE:

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

REGISTERED NUMBER:

10757177 (England and Wales)

ACCOUNTANTS:

Jones & Co

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

FIXED ASSETS

Tangible assets

4

26,526

Investment property

5

1,698,941

1,725,467

CURRENT ASSETS

Debtors

6

14,064

Cash at bank

4,600

18,664

CREDITORS

Amounts falling due within one year

7

961,018

NET CURRENT LIABILITIES

(942,354

)

TOTAL ASSETS LESS CURRENT LIABILITIES

783,113

CREDITORS

Amounts falling due after more than one year

8

1,057,242

NET LIABILITIES

(274,129

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(274,131

)

(274,129

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 4 February 2019 and were signed on its behalf by:

J E Fry - Director

1.	STATUTORY INFORMATION

J4 Asset Management 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.

Turnover

Turnover represents rental income which is recognised according to the terms of the property letting agreements..

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 reducing balance

Office equipment

-

20% on reducing balance

Investment property

No depreciation is provided in respect of investment properties since in the opinion of the directors their value is considerably in excess

of cost.

Taxation

Taxation for the year comprises current tax recognised as 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 not recognised in respect of any timing differences that have originated but not reversed at the balance sheet date since

the amount is not considered to be material.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

Additions

30,806

2,351

33,157

At 31 May 2018

30,806

2,351

33,157

DEPRECIATION

Charge for period

6,161

470

6,631

At 31 May 2018

6,161

470

6,631

NET BOOK VALUE

At 31 May 2018

24,645

1,881

26,526

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,698,941

At 31 May 2018

1,698,941

NET BOOK VALUE

At 31 May 2018

1,698,941

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

14,064

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

20,984

Other creditors

940,034

961,018

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

1,057,242

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,057,242