Iesis (WSC) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08113274 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

IESIS (WSC) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

R I Lewis

D F Steadman

REGISTERED OFFICE:

4 Clifton Road

Clifton

Bristol

BS8 1AG

REGISTERED NUMBER:

08113274 (England and Wales)

ACCOUNTANTS:

PJE Chartered Accountants

4 Clifton Road

Clifton

Bristol

BS8 1AG

FIXED ASSETS

Tangible assets

2

1,580

-

Investments

3

100

-

Investment property

4

2,351,148

146,605

2,352,828

146,605

CURRENT ASSETS

Debtors

1,331,227

10,141

Cash at bank

390

-

1,331,617

10,141

CREDITORS

Amounts falling due within one year

1,784,812

159,018

NET CURRENT LIABILITIES

(453,195

)

(148,877

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,899,633

(2,272

)

CREDITORS

Amounts falling due after more than one year

1,908,789

-

NET LIABILITIES

(9,156

)

(2,272

)

CAPITAL AND RESERVES

Called up share capital

5

200

100

Profit and loss account

(9,356

)

(2,372

)

SHAREHOLDERS' FUNDS

(9,156

)

(2,272

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 30 April 2015 and were signed on its behalf by:

R I Lewis - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

Investment property

Investment property is shown at cost.

Deferred tax

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

the balance sheet date.

Related party transactions

The company has taken advantage of the exemption in Financial Reporting Standard No. 8 'Related

Party Disclosures' not to disclose transactions with group companies which are eliminated on

consolidation in the group accounts.

Consolidation

The financial statements contains information about Iesis (WSC) Limited as an individual company

and do not contain consolidated information as the parent of a group. The company is exempt under

section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial

statements as the group it heads qualifies as a small group.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,370

At 31 July 2014

2,370

DEPRECIATION

Charge for year

790

At 31 July 2014

790

NET BOOK VALUE

At 31 July 2014

1,580

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

100

At 31 July 2014

100

NET BOOK VALUE

At 31 July 2014

100

The company's investments at the balance sheet date in the share capital of companies include the

following:

Iesis (WSC) Lettings Limited

Nature of business: Letting and management of student accommodation

%

Class of shares:

holding

Ordinary

100.00

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 August 2013

146,605

Additions

2,204,543

At 31 July 2014

2,351,148

NET BOOK VALUE

At 31 July 2014

2,351,148

At 31 July 2013

146,605

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

100

Ordinary

£1

200

100

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 two to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the

year ended 31 July 2014 set out on pages one to five and you consider that the company is exempt from an

audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to

assist you to fulfil your statutory responsibilities, from the accounting records and information and

explanations supplied to us.

PJE Chartered Accountants

4 Clifton Road

Clifton

Bristol

BS8 1AG

30 April 2015