Wyfold Stud Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06505369 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2019

for

Wyfold Stud Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J M Williams

Mrs P C Williams

J H Williams

REGISTERED OFFICE:

Boston House

Henley-on-Thames

RG9 1DY

REGISTERED NUMBER:

06505369 (England and Wales)

ACCOUNTANTS:

Villars Hayward LLP

Chartered Accountants,

Chartered Tax Advisers and Registered Auditors

Boston House

Henley-on-Thames

RG9 1DY

FIXED ASSETS

Tangible assets

3

366

488

CURRENT ASSETS

Stocks

8,500

8,500

Debtors

4

195

120

Cash at bank

62

1,361

8,757

9,981

CREDITORS

Amounts falling due within one year

5

165,768

157,491

NET CURRENT LIABILITIES

(157,011

)

(147,510

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(156,645

)

(147,022

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(156,648

)

(147,025

)

SHAREHOLDERS' FUNDS

(156,645

)

(147,022

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 18 October 2019 and were signed on its behalf by:

J H Williams - Director

Mrs P C Williams - Director

Mrs J M Williams - Director

1.	STATUTORY INFORMATION

Wyfold Stud 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company was that of renting out land for horses.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and

other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over 5 years

Plant and machinery

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Going concern

At 28 February 2019, the company had net current liabilities of £157,011 (2018 - £147,510), and total net liabilities of £156,645 (2018 -

£147,022). The financial statements have been prepared on the going concern basis. The applicability of this basis is dependent upon

the continued financial support of the directors who have pledged such support. As a result the directors are therefore of the opinion

that the applicability of the going concern basis is appropriate.

3.	TANGIBLE FIXED ASSETS

Land and

Plant and

buildings

machinery

Totals

£

£

£

COST

At 1 March 2018

and 28 February 2019

40,126

5,147

45,273

DEPRECIATION

At 1 March 2018

40,126

4,659

44,785

Charge for year

-

122

122

At 28 February 2019

40,126

4,781

44,907

NET BOOK VALUE

At 28 February 2019

-

366

366

At 28 February 2018

-

488

488

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Other debtors

195

120

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Other creditors

165,768

157,491

6.	ULTIMATE CONTROLLING PARTY

Mrs J M Williams, Mrs P C Williams and Mr J H Williams controlled the company throughout the current year and the previous year by

virtue of their 100% interest in the Ordinary Share Capital.

7.	TRANSACTIONS WITH DIRECTORS

At the end of the year the company owed the directors £164,268 (2018 - £155,992).