REGISTERED NUMBER: 01044128 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

JAT HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A J Taylor

REGISTERED OFFICE:

The Farmhouse

Blatherwycke Road

Bulwick

Corby

Northamptonshire

NN17 3EU

REGISTERED NUMBER:

01044128 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

Magma House

16 Davy Court

Castle Mound Way

Rugby

CV23 0UZ

FIXED ASSETS

Investment property

4

338,000

338,000

CURRENT ASSETS

Investments

5

4,917

4,814

Cash at bank

6,322

5,732

11,239

10,546

CREDITORS

Amounts falling due within one year

6

(32,250

)

(27,410

)

NET CURRENT LIABILITIES

(21,011

)

(16,864

)

TOTAL ASSETS LESS CURRENT LIABILITIES

316,989

321,136

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Other reserves

305,848

305,848

Retained earnings

1,141

5,288

SHAREHOLDERS' FUNDS

316,989

321,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 20 September 2018 and were signed by:

A J Taylor - Director

1.	STATUTORY INFORMATION

JAT Holdings 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

The financial statements have been prepared under the historical cost convention and in accordance with

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 presentation currency of the financial statements is sterling (£).

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the amount

receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the

company and value added taxes.

Turnover represents rents receivable from investment properties.

Turnover is recognised as it falls due, in accordance with the lease to which it relates. Any lease incentives are

spread evenly across the period of the lease.

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.

Investment property comprises freehold and long leasehold buildings. They are measured initially at cost,

including related transaction costs. These are held as investments to earn rental income and for capital

appreciation and are stated at fair value at the Balance Sheet date.

The fair value of investment property reflects, among other things, rental income from current leases and

assumptions about rental income from future leases in light of current market conditions.

Subsequent expenditure is added to the assets carrying amount only when it is probable that future

economic benefits associated with the item will flow to the company and the cost of the item can be

measured reliably. All other repairs and maintenance costs are charged to the profit and loss account

during the financial period in which they are incurred.

Any movement in the fair value of the properties is reflected within the profit and loss account for the year.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial

assets and liabilities like trade and other debtors and creditors and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period

for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is

recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an

enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise

the asset and settle the liability simultaneously.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the

arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost

using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and

other short-term highly liquid investments that mature no more than three months from the date of acquisition

and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including other creditors and loans from related parties, are initially recognised at

transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is

measured at the present value of the future payments discounted at a market rate of interest. Such instruments

are subsequently carried at amortised cost using the effective interest method, less any impairment.

Taxation

Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised

as other comprehensive income or to an item recognised directly in equity is also recognised in other

comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by

the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered

against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have

been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Investments

Current asset investments are stated at the market value on the balance sheet date. Movements in the market

value are recognised in the profit and loss account. Income is disclosed in the profit and loss account as

dividends, by reference to the date the dividend was declared.

Share capital

Ordinary shares are classified as equity. Preference shares are classified as equity as they are not immediately

redeemable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - NIL ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2017

and 31 December 2017

338,000

NET BOOK VALUE

At 31 December 2017

338,000

At 31 December 2016

338,000

The comparable historical cost and depreciation value of the investment property is £32,500 (2016 - £32,500)

The revalued assets are stated at their 2017 open market valuation by the director.

5.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Listed investments

4,917

4,814

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

3,288

3,806

Other creditors

28,962

23,604

32,250

27,410