Fred Watkins (Estates) Limited - Limited company - abbreviated - 11.6
Fred Watkins (Estates) Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 30 June 2014 |
| for |
| Fred Watkins (Estates) Limited |
| Fred Watkins (Estates) Limited (Registered number: 00567031) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Fred Watkins (Estates) Limited |
| Company Information |
| for the Year Ended 30 June 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Fred Watkins (Estates) Limited (Registered number: 00567031) |
| Abbreviated Balance Sheet |
| 30 June 2014 |
| 30.6.14 | 30.6.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Fred Watkins (Estates) Limited (Registered number: 00567031) |
| Abbreviated Balance Sheet - continued |
| 30 June 2014 |
| The financial statements were approved by the Board of Directors on |
| Fred Watkins (Estates) Limited (Registered number: 00567031) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
| 2008). |
| Turnover |
| Turnover represents the rent earned from freehold property and the net sales and rental of goods, excluding value |
| added tax. |
| Tangible fixed assets |
| Assets for rehire | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| The company has adopted a policy of revaluation of properties, in line with FRS 15. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Fred Watkins (Estates) Limited (Registered number: 00567031) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1 July 2013 |
| Additions |
| Disposals | ( |
) |
| Revaluations | ( |
) |
| At 30 June 2014 |
| DEPRECIATION |
| At 1 July 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 June 2014 |
| NET BOOK VALUE |
| At 30 June 2014 |
| At 30 June 2013 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| Additions | 3,000 |
| Disposals | (3,000 | ) |
| At 30 June 2014 | - |
| NET BOOK VALUE |
| At 30 June 2014 |
| 4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 30.6.14 | 30.6.13 |
| £ | £ |
| Repayable by instalments | 6,009,887 | 6,372,069 |
| Fred Watkins (Estates) Limited (Registered number: 00567031) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2014 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.14 | 30.6.13 |
| value: | £ | £ |
| Ordinary | £0.10 |
| 7. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by Mr P B Watkins, director. |