WILD_ACRES_HOLDINGS_LIMIT - Accounts

WILD ACRES HOLDINGS LIMITED - Company Information

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WILD ACRES HOLDINGS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

Company Registration No. 01781937 (England and Wales)

WILD ACRES HOLDINGS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

WILD ACRES HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

337,742

Current assets

Debtors

1,670

2,090

Cash at bank and in hand

1,608

1,826

3,278

3,916

Creditors: amounts falling due within one year

(39,058)

(36,173)

Net current liabilities

(35,780)

(32,257)

Total assets less current liabilities

301,962

305,485

Creditors: amounts falling due after more than one year

(60,938)

(79,688)

241,024

225,797

Capital and reserves

Called up share capital

100

Profit and loss account

240,924

225,697

Shareholders' funds

241,024

225,797

For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 23 March 2015

Lynda Walsh

Director

Company Registration No. 01781937

WILD ACRES HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19, Accounting for investment properties, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.4

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

No provision has been made for deferred tax on gains recognised on revaluing property to its market value as the company does not intend to sell the revalued assets.

Fixed assets

Tangible assets

Cost

At 1 July 2013 & at 30 June 2014

337,742

At 30 June 2013

337,742

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100