Abbreviated Company Accounts - WOLF ROCK PROPERTIES LIMITED

WOLF ROCK PROPERTIES LIMITED - Company Information

05137479 WOLF ROCK PROPERTIES LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 05137479 2013-06-01 2014-05-31 05137479 2014-05-31 05137479 2013-05-31 05137479 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 05137479 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 05137479

WOLF ROCK PROPERTIES LIMITED

Abbreviated Accounts

31 May 2014

WOLF ROCK PROPERTIES LIMITED Registered Number 05137479

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Investments	2	418,000	429,171
		418,000	429,171
Current assets
Debtors		713	1,008
Cash at bank and in hand		2,319	2,254
		3,032	3,262
Creditors: amounts falling due within one year	3	(54,475)	(57,170)
Net current assets (liabilities)		(51,443)	(53,908)
Total assets less current liabilities		366,557	375,263
Creditors: amounts falling due after more than one year	3	(376,747)	(376,808)
Total net assets (liabilities)		(10,190)	(1,545)
Capital and reserves
Called up share capital	4	1	1
Other reserves		(11,171)	-
Profit and loss account		980	(1,546)
Shareholders' funds		(10,190)	(1,545)

For the year ending 31 May 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 February 2015

And signed on their behalf by:
R.S. Milne, Director

WOLF ROCK PROPERTIES LIMITED Registered Number 05137479

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover, which is attributable to one continuing activity, represents amounts invoiced, excluding VAT, in respect of sale of goods and services.

Other accounting policies
Going Concern

The continuation of the company's affairs is dependent upon the support of the creditors. These accounts have been prepared on a going concern basis which assumes their continued support for the foreseeable future.

2Fixed assets Investments
£
Cost at 1st June 2013 429,171
Revaluation in year (11,171)
Net Book Value 418,000

The investment properties were purchased between 12 October 2004 and 19 May 2006. The fair value of the properties at 31 May 2014 has been arrived at on the basis of a valuation carried out at that date by Mr R Milne BSc FRICS, a director of the company who is a professionally qualified Chartered Surveyor. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location.

3Creditors

	2014 £	2013 £
Secured Debts	376,747	376,747

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1