Vinwood Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01577005 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Vinwood Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs V A Hammond

G Hammond

M Hammond

SECRETARY:

Mrs V A Hammond

REGISTERED OFFICE:

Barnbrook The Green

Grove

Wantage

OX12 0AW

REGISTERED NUMBER:

01577005 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

Unit 1, Sandars Road

Heapham Rd Ind Estate

Gainsborough

Lincolnshire

DN21 1RZ

FIXED ASSETS

Investment property

3

390,000

86,128

CURRENT ASSETS

Cash at bank

8,602

5,581

CREDITORS

Amounts falling due within one year

4

38,454

38,072

NET CURRENT LIABILITIES

(29,852

)

(32,491

)

TOTAL ASSETS LESS CURRENT LIABILITIES

360,148

53,637

PROVISIONS FOR LIABILITIES

57,736

-

NET ASSETS

302,412

53,637

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

302,012

53,237

SHAREHOLDERS' FUNDS

302,412

53,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 15 November 2019 and were signed on its behalf by:

M Hammond - Director

1.	STATUTORY INFORMATION

Vinwood 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 represents rents received and fees received for the extension of a lease.

Investment property

Investment property is included at fair value. Gains and losses are recognised in the profit and loss account.

Deferred taxation is provided on gains at the rate expected to apply when the property is sold.

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.

Full provision has been made on the gains arising from the fair value review of the investment property.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2018

86,128

Revaluations

303,872

At 30 April 2019

390,000

NET BOOK VALUE

At 30 April 2019

390,000

At 30 April 2018

86,128

Fair value at 30 April 2019 is represented by:

£

Valuation in 2019

390,000

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Tax

5,109

3,977

Directors' current accounts

32,395

33,145

Accrued expenses

950

950

38,454

38,072

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 were paid to the directors .

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors. At the year end the directors were owed £32,395 by the company,

(2018,£33,145).