Willoughby (609) Limited Filleted accounts for Companies House (small and micro)
Willoughby (609) Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08522744
|
|
|
|
Financial Statements |
Year ended 31 March 2018
Contents |
Page |
Officers and professional advisers |
1 |
Accountants report to the director on the preparation of the unaudited statutory financial statements |
2 |
Statement of financial position |
3 |
Notes to the financial statements |
5 |
|
Officers and Professional Advisers |
Director |
|
Registered office |
|
|
|
|
|
|
|
|
|
Accountants |
|
Accountants |
|
10 Canberra House |
|
Corbygate Business Park |
|
Corby |
|
Northants |
|
NN17 5JG |
|
|
Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
|
Year ended 31 March 2018
10 Canberra House
Corbygate Business Park
Corby
Northants
NN17 5JG
|
Statement of Financial Position |
2018 |
2017 |
||
Note |
£ |
£ |
£ |
Fixed assets
Investments |
5 |
|
|
|
Current assets
Debtors |
6 |
|
|
|
Cash at bank and in hand |
|
|
||
---------- |
---------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
7 |
|
|
|
---------- |
---------- |
|||
Net current assets |
|
|
||
------------- |
------------- |
|||
Total assets less current liabilities |
|
|
||
------------- |
------------- |
|||
Net assets |
|
|
||
------------- |
------------- |
|||
Capital and reserves
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
------------- |
------------- |
||
Shareholder funds |
|
|
|
------------- |
------------- |
||
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
15 March 2019
, and are signed on behalf of the board by:
Company registration number:
08522744
|
Notes to the Financial Statements |
Year ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Canberra House, Corbygate Business Park, Corby, Northants, NN17 5JG.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Consolidation
Income tax
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
4.
Particulars of employees
The average number of persons employed by the company during the year amounted to
1
(2017:
1
).
5.
Investments
Shares in group undertakings |
Loans to group undertakings |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 April 2017 |
|
|
|
Additions |
– |
|
|
Disposals |
– |
(
|
(50,000) |
---- |
------------- |
------------- |
|
At 31 March 2018 |
|
|
|
---- |
------------- |
------------- |
|
Impairment |
|||
At 1 April 2017 and 31 March 2018 |
– |
– |
– |
---- |
------------- |
------------- |
|
Carrying amount |
|||
At 31 March 2018 |
|
|
|
---- |
------------- |
------------- |
|
At 31 March 2017 |
|
|
|
---- |
------------- |
------------- |
|
Willoughby (609) Limited holds 100% share capital of 1 £1 ordinary shares of Home Megastore Limited, which was incorporated in England and Wales.
Willoughby (609) Limited holds 100% share capital of 1 £1 ordinary shares of Bargain Homeware Limited, which was incorporated in England and Wales.
2018 |
2017 |
|
£ |
£ |
|
The Aggregate capital and reserves was:
Interkey Fabrications Ltd |
486,236 |
380,023 |
Home Megastore Limited |
– |
(476,734) |
Bargain Homeware Limited |
(8,255) |
257,866 |
The Profit and (loss) for the year before tax and dividends:
Interkey Fabrications Ltd |
(106,213) |
(52,441) |
Home Megastore Limited |
– |
71,178 |
Bargain Homeware Limited |
(266,121) |
74,296 |
Home Megastore Limited was dissolved on 31 July 2018. As a result no financial year end accounts were prepared for the company.
Willoughby (609) Limited has registered a legal mortgage and debenture over all the assets (present and future) of Interkey Fabrications Ltd and Bargain Homeware Limited in recognition of the present and future obligations and liabilities owed to the holding company. The directors of Bargain Homeware Limited have also provided personal guarantees for the loans. Due to the dissolution of Home Megastore Limited, all the company's obligations and liabilities with Willoughby (609) Limited have been transferred to Bargain Homeware Limited.
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
6.
Debtors
2018 |
2017 |
|
£ |
£ |
|
Other debtors |
|
|
---------- |
--------- |
|
7.
Creditors:
amounts falling due within one year
2018 |
2017 |
|
£ |
£ |
|
Trade creditors |
|
– |
Accruals and deferred income |
|
|
Corporation tax |
|
|
Other creditors |
|
– |
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
8.
Related party transactions
The company has availed itself of the exemption contained within FRS 102 Section 33 Related Party Disclosures not to disclose details of transactions with fellow group entities.