WOODGATE CAPITAL MANAGEMENT LIMITED

WOODGATE CAPITAL MANAGEMENT LIMITED

WOODGATE CAPITAL MANAGEMENT LIMITED - Company Information

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WOODGATE CAPITAL MANAGEMENT LIMITED

Company Registration Number:
09042451 (England and Wales)

Unaudited abridged accounts for the year ended 30 May 2018

Period of accounts

Start date: 31 May 2017

End date: 30 May 2018

WOODGATE CAPITAL MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 30 May 2018

Balance sheet
Notes

WOODGATE CAPITAL MANAGEMENT LIMITED

Balance sheet

As at 30 May 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 65,000 35,000
Total fixed assets: 65,000 35,000
Current assets
Stocks:   0
Debtors: 4 185,702 594,407
Cash at bank and in hand: 570 8,084
Investments:     0
Total current assets: 186,272 602,491
Creditors: amounts falling due within one year:   (662,301) (719,977)
Net current assets (liabilities): (476,029) (117,486)
Total assets less current liabilities: (411,029) (82,486)
Total net assets (liabilities): (411,029) (82,486)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (411,031) (82,488)
Shareholders funds: (411,029) (82,486)

The notes form part of these financial statements

WOODGATE CAPITAL MANAGEMENT LIMITED

Balance sheet statements

For the year ending 30 May 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 February 2019
and signed on behalf of the board by:

Name: D Fletcher
Status: Director

The notes form part of these financial statements

WOODGATE CAPITAL MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 May 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognise to the extent that it is probable that the economic benefits will low to the company and the revenue can be reliable measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax, and other sales taxes. The following criteria must be met before revenue is recognised: - The amount of revenue can be reliably measured;- It is probable that the company will receive the consideration due under the contract;- The stage of completion of the contract at the end of the reporting period can be measured reliably and;- the costs incurred and the costs to complete the contract can be reliably measured.

Other accounting policies

Valuation of investmentsInvestments in subsidiaries are measured at cost less accumulated impairment.DebtorsShort term debtors are measured at transaction price, less impairment. Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using their effective interest method, less any impairment.Cash and cash equivalentsCash is represented by cash in hand and deposits with financial institutions repayable without penalty notice of not more than 24 hours. Cash equivalents are 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.CreditorsShort term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at their fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate.Interest incomeInterest income is recognised in the statement of comprehensive income using the effective interest method.TaxationTax is recognised in the statement of comprehensive income, except that a charge attributable to an item of income and expense is recognised as other comprehensive income or to an item recognised directly in equity is also received in other comprehensive income or directly in equity respectively.

WOODGATE CAPITAL MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 May 2018

2. Employees

2018 2017
Average number of employees during the period 2 2

The average number of employees noted above includes 2 directors of the company.

WOODGATE CAPITAL MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 May 2018

3. Fixed investments

The fixed investments balance relate to an investment in subsidiary undertakings. Woodgate Capital Management own a 50% ordinary shareholding in Schneider Property Finance Limited, company number 09572421, register in the United Kingdom. Their principle activity of Schneider Property Finance is the provision of the loan finance to property companies. Two rights issues were issued during the year with a total value of £30,000 (2016: £30,000). The closing balance of fixed investments at the end the year is £65,000 (2016: £35,000).

WOODGATE CAPITAL MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 May 2018

4. Debtors

2018 2017
££
Debtors due after more than one year: 175,000 362,127

WOODGATE CAPITAL MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 May 2018

5. Related party transactions