W And M Capital Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09634215 (England and Wales)

Unaudited Financial Statements

for the Period 1 July 2018 to 31 December 2018

for

W And M Capital Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

W W W Musmar

M Winter

SECRETARY:

M Winter

REGISTERED OFFICE:

South Staffs Freight Building

Lynn Lane

Shenstone

Lichfield

Staffordshire

WS14 0ED

REGISTERED NUMBER:

09634215 (England and Wales)

ACCOUNTANTS:

Wychbury Lee

South Staffs Freight Bldng

Lynn Lane

Shenstone

Lichfield

Staffordshire

WS14 0ED

CURRENT ASSETS

Stocks

157,858

157,858

Cash at bank

12,836

27,500

170,694

185,358

CREDITORS

Amounts falling due within one year

4

7,026

2,680

NET CURRENT ASSETS

163,668

182,678

TOTAL ASSETS LESS CURRENT LIABILITIES

163,668

182,678

CREDITORS

Amounts falling due after more than one year

5

187,492

201,879

NET LIABILITIES

(23,824

)

(19,201

)

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

7

(23,826

)

(19,203

)

SHAREHOLDERS' FUNDS

(23,824

)

(19,201

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2018 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 5 September 2019 and were signed on its behalf by:

M Winter - Director

1.	STATUTORY INFORMATION

W And M Capital 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting

Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of

Ireland', not to disclose related party transactions with wholly owned subsidiaries within the

group.

Turnover

Turnover comprises rents receivable for the year.

Stocks

Stock represents properties held for re-development and include initial purchase price and

any subsequent development costs. Provision is made where the net realisable value is

expected to be less than cost.

Taxation

Taxation for the period 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 statement of financial position date.

Going concern - financial support

In the opinion of the director, continued financial support will be available such that the

company will continue trading and satisfy financial commitments.

On the basis of this opinion, the financial statements have been prepared on a going

concern basis. If, for whatever reason, the financial support is not forthcoming, then this

basis may be inappropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2018 - NIL).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

30.6.18

£

£

Tax

2,912

2,680

Accrued expenses

4,114

-

7,026

2,680

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

30.6.18

£

£

Amounts owed to group undertakings

147,858

-

Directors' loan accounts

-

167,858

Accruals and deferred income

39,634

34,021

187,492

201,879

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

30.6.18

value:

£

£

2

Ordinary

£1

2

2

7.

RESERVES

Retained

earnings

£

At 1 July 2018

(19,203

)

Deficit for the period

(4,623

)

At 31 December 2018

(23,826

)