Willmead Limited - Limited company - abbreviated

REGISTERED NUMBER: 01085796 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st December 2014

for

WILLMEAD LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

R A S Hulse

Mrs C S J Hulse

Mrs F J C Rasch

G R Hulse

SECRETARY:

Mrs C S J Hulse

REGISTERED OFFICE:

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

REGISTERED NUMBER:

01085796 (England and Wales)

ACCOUNTANTS:

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon CR0 0YN

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Willmead Limited for the year ended 31st December 2014 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Willmead Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Willmead Limited and state those matters that we have agreed to state to the Board of Directors of Willmead Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Willmead Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Willmead Limited. You consider that Willmead Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Willmead Limited. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon CR0 0YN

15th April 2015

FIXED ASSETS

Tangible assets

2

-

1

CURRENT ASSETS

Investments

221,947

219,452

Cash at bank

39,016

19,901

260,963

239,353

CREDITORS

Amounts falling due within one year

8,743

NET CURRENT ASSETS

252,220

230,610

TOTAL ASSETS LESS CURRENT LIABILITIES

252,220

230,611

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

252,120

230,511

SHAREHOLDERS' FUNDS

252,220

230,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15th April 2015 and were signed on its behalf
by:

R A S Hulse - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

No material uncertainties that may cast significant doubt about the ability of the company to continue as a

going concern have been identified by the directors therefore the financial statements have been prepared on

the going concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Investments

Current asset investments are stated at the lower of cost or net realisable value where the latter is considered

a permanent diminution in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

and 31st December 2014

1,227

DEPRECIATION

At 1st January 2014

1,226

Charge for year

1

At 31st December 2014

1,227

NET BOOK VALUE

At 31st December 2014

-

At 31st December 2013

1

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

100

Ordinary

£1

100

Willmead Limited - Limited company - abbreviated - 11.6

Willmead Limited - Limited company - abbreviated - 11.6