Wellington Circus Properties Limited - Accounts to registrar (filleted) - small 18.2

Wellington Circus Properties Limited - Accounts to registrar (filleted) - small 18.2

WELLINGTON CIRCUS PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 01279083 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 31 July 2019

for

Wellington Circus Properties Limited
Wellington Circus Properties Limited (Registered number: 01279083)






Contents of the Financial Statements
for the Year Ended 31 July 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Wellington Circus Properties Limited

Company Information
for the Year Ended 31 July 2019







DIRECTORS: H W Russell
Mrs J Russell





SECRETARY: Mrs J Russell





REGISTERED OFFICE: Penrhyn House
Clumber Road East
The Park
Nottingham
NG7 1BD





REGISTERED NUMBER: 01279083 (England and Wales)





ACCOUNTANTS: HSKS Greenhalgh
Chartered Accountants
3rd Floor
Butt Dyke House
33 Park Row
Nottingham
NG1 6EE
Page 1
Wellington Circus Properties Limited (Registered number: 01279083)

Balance Sheet
31 July 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 535,000 535,000

CURRENT ASSETS
Cash at bank 100,516 86,071

CREDITORS
Amounts falling due within one year 4 12,231 12,278
NET CURRENT ASSETS 88,285 73,793
TOTAL ASSETS LESS CURRENT
LIABILITIES
623,285
608,793

PROVISIONS FOR LIABILITIES 13,370 13,370
NET ASSETS 609,915 595,423

CAPITAL AND RESERVES
Called up share capital 5 68 68
Other reserves 389,681 389,681
Capital redemption reserve 32 32
Retained earnings 220,134 205,642
SHAREHOLDERS' FUNDS 609,915 595,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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 7 October 2019 and were signed on its
behalf by:



H W Russell - Director


The notes form part of these financial statements

Page 2
Wellington Circus Properties Limited (Registered number: 01279083)

Notes to the Financial Statements
for the Year Ended 31 July 2019

1. STATUTORY INFORMATION

Wellington Circus 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 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 as modified by the revaluation of certain assets.

Turnover
Turnover is the amount derived from the letting of the company's property. Turnover is recognised
when the company becomes entitled to the rental income due.

Investment property
Investment property is measured at fair value at each reporting date with changes in fair value
recognised in the income statement.

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.

Deferred tax is provided for on the revaluation of the investment property as a provision for the
potential tax charge, were the asset to be sold at the valuation in effect at the balance sheet date.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2018
and 31 July 2019 535,000
NET BOOK VALUE
At 31 July 2019 535,000
At 31 July 2018 535,000

Page 3 continued...
Wellington Circus Properties Limited (Registered number: 01279083)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2019

3. INVESTMENT PROPERTY - continued

The investment property was valued on a fair value basis as at the year end by the Director, from
information available. If the investment property had not been revalued, it would have been included at
the historic cost of £132,714.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Corporation tax 8,091 8,138
Directors' current accounts 3,000 3,000
Accruals and deferred income 1,140 1,140
12,231 12,278

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
68 Ordinary £1 68 68

Page 4
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Wellington Circus Properties Limited

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain
other primary statements and the Report of the Directors are not required to be filed with the
Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval
the financial statements of Wellington Circus Properties Limited for the year ended 31 July 2019 which
comprise the Income Statement, Balance Sheet and the related notes from the company's accounting
records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Wellington Circus Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wellington Circus Properties Limited and state those matters that we have agreed to state to the Board of Directors of Wellington Circus Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wellington Circus Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wellington Circus Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wellington Circus Properties Limited. You consider that Wellington Circus Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wellington Circus Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HSKS Greenhalgh
Chartered Accountants
3rd Floor
Butt Dyke House
33 Park Row
Nottingham
NG1 6EE


9 October 2019

This page does not form part of the statutory financial statements

Page 5