Wrencon Developments Limited - Accounts to registrar (filleted) - small 18.2
Wrencon Developments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Wrencon Developments Limited |
| Unaudited Financial Statements for the Year Ended 30 April 2019 |
| Wrencon Developments Limited (Registered number: 02192113) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Wrencon Developments Limited |
| Company Information |
| for the Year Ended 30 April 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 3 Southernhay West |
| Exeter |
| United Kingdom |
| Devon |
| EX1 1JG |
| Wrencon Developments Limited (Registered number: 02192113) |
| Balance Sheet |
| 30 April 2019 |
| 2019 | 2018 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| Wrencon Developments Limited (Registered number: 02192113) |
| Balance Sheet - continued |
| 30 April 2019 |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Wrencon Developments Limited (Registered number: 02192113) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2019 |
| 1. | STATUTORY INFORMATION |
| Wrencon Developments Limited is a |
| 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 (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The directors and Wrencon Limited (related company) remain supportive of the company and does |
| not consider there to be any material uncertainties which cast significant doubt about the company's |
| ability to continue. |
| Consequently, the directors have a reasonable expectation that the company has adequate resources |
| to continue as a going concern for the foreseeable future and as such the financial statements have |
| been drawn up on that basis. |
| Turnover |
| Turnover represents amounts chargeable, net of value added tax, in respect of rent received from the |
| tenants of property owned by the company and the proceeds of any sale of property developed by the |
| company. It also includes the rental income from a vehicle leased. |
| Tangible fixed assets |
| Motor vehicles | - |
| Freehold land and buildings have not been depreciated, contrary to the Financial Reporting Standard |
| for Smaller Entities and the Companies Act 2006. The directors carry out an annual impairment |
| review on the assets and consider that the value of the freehold land which the buildings occupy |
| exceeds the value at which they are stated in the accounts. Consequently, the directors do not |
| consider it appropriate to provide for depreciation of the freehold land and buildings in the company's |
| financial statements. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual |
| arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is |
| any contract that evidences a residual interest in the assets of the company after deducting all of its |
| liabilities. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Wrencon Developments Limited (Registered number: 02192113) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Property | Motor |
| costs | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 May 2018 |
| Additions |
| At 30 April 2019 |
| DEPRECIATION |
| Charge for year |
| At 30 April 2019 |
| NET BOOK VALUE |
| At 30 April 2019 |
| At 30 April 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CONTINGENT LIABILITIES |
| The company has given an unlimited guarantee in respect of all monies owed by Wrencon Limited, a |
| company under common management, to its bankers. |
| Wrencon Limited has given an unlimited guarantee in respect of all monies owed by Wrencon |
| Developments Limited to its bankers. |
| 9. | RELATED PARTY DISCLOSURES |
| Related company |
| Included in creditors within one year is a loan with a related company of £309,192 (2018 £412,035). |
| The company is related through common ownership. The loan is interest free and repayable on |
| demand. |