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REGISTERED NUMBER: 00677991 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2017

for

W.L. & J.M. Properties Limited

W.L. & J.M. Properties Limited (Registered number: 00677991)

Contents of the Financial Statements
for the Year Ended 31 March 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W.L. & J.M. Properties Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: Mr T M Letheby
Ms W A Mason
Mr C J Mahoney





SECRETARY: Ms W A Mason





REGISTERED OFFICE: 20 Exhibition House
Addison Bridge Place
London
W14 8XP





REGISTERED NUMBER: 00677991 (England and Wales)





ACCOUNTANTS: Merchant & Co
Chartered Certified Accountants
20 Exhibition House
Addison Bridge Place
London
W14 8XP

W.L. & J.M. Properties Limited (Registered number: 00677991)

Balance Sheet
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,862,043 700,560

CURRENT ASSETS
Debtors 5 28,147 28,376
Cash at bank 331,481 305,940
359,628 334,316
CREDITORS
Amounts falling due within one year 6 87,004 80,235
NET CURRENT ASSETS 272,624 254,081
TOTAL ASSETS LESS CURRENT LIABILITIES 2,134,667 954,641

PROVISIONS FOR LIABILITIES 212,689 -
NET ASSETS 1,921,978 954,641

CAPITAL AND RESERVES
Called up share capital 12,000 12,000
Revaluation reserve 1,615,065 666,271
Retained earnings 294,913 276,370
SHAREHOLDERS' FUNDS 1,921,978 954,641

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

W.L. & J.M. Properties Limited (Registered number: 00677991)

Balance Sheet - continued
31 March 2017


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 1 December 2017 and were signed on its behalf
by:





Mr T M Letheby - Director


W.L. & J.M. Properties Limited (Registered number: 00677991)

Notes to the Financial Statements
for the Year Ended 31 March 2017


1. STATUTORY INFORMATION

W.L. & J.M. Properties 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 the total amount, excluding value added tax, derived from letting the company's freehold
properties.


Investment properties
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 properties are included in the balance sheet at their open market value. Depreciation is provided
only on those investment properties which are leasehold and where the unexpired lease term is less than 20
years.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to profit or loss in the period to which they relate.

W.L. & J.M. Properties Limited (Registered number: 00677991)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognized 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 amortized 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 in 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 trade and other creditors, loans from third parties and loans from related
parties, are initially recognized 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 amortized cost using the effective interest
method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4. TANGIBLE FIXED ASSETS
Investment
property
£   
COST OR VALUATION
At 1 April 2016 700,560
Additions 1,161,483
At 31 March 2017 1,862,043
NET BOOK VALUE
At 31 March 2017 1,862,043
At 31 March 2016 700,560

Cost or valuation at 31 March 2017 is represented by:

Investment
property
£   
Valuation in 2015 666,271
Valuation in 2017 1,161,483
Cost 34,289
1,862,043

W.L. & J.M. Properties Limited (Registered number: 00677991)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Loans 24,050 24,050
Prepayments and accrued income 4,097 4,326
28,147 28,376

The loans are to associated companies and are unsecured and interest free.


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Tax 21,136 16,959
Social security and other taxes 612 400
Other creditors 25,827 25,614
Accrued expenses 39,429 37,262
87,004 80,235

7. RELATED PARTY DISCLOSURES

Shelbourne, Letheby & Co Ltd

A company in which Mr T M Letheby has material beneficial interests.

Property maintenance and management services to the value of £49,828 (2016: £60,044) were provided during
the year.

W&J Properties (Ealing) Ltd

A company in which Mr T M Letheby has material beneficial interests


Loan to associated company

2017 2016
£    £   
Amount due from related party at the balance sheet date 2,500 2,500

W.L. & J.M. Properties Limited (Registered number: 00677991)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


7. RELATED PARTY DISCLOSURES - continued

T C Properties Ltd

A company in which MR T M Letheby has material interests.


Loan to associated company

2017 2016
£    £   
Amount due from related party at the balance sheet date 21,550 21,550

8. FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention
and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015) as at 1st
January 2015.

Reconciliation of equity
No transitional adjustments were required.

Reconciliation of profit or loss for the year
No transitional adjustments were required.