Westmoreland Developments Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04257904

Westmoreland Developments Limited

Abbreviated Unaudited Accounts for the Year Ended 31 October 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

T R Baines

P A Waddell

A J Rennie

SECRETARY:

P A Waddell

REGISTERED OFFICE:

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

REGISTERED NUMBER:

04257904

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

FIXED ASSETS

Investments

2

25

25

Investment property

3

482,573

-

482,598

25

CURRENT ASSETS

Debtors

25,067

866,470

Cash at bank

345

120

25,412

866,590

CREDITORS

Amounts falling due within one year

403,164

761,351

NET CURRENT (LIABILITIES)/ASSETS

(377,752

)

105,239

TOTAL ASSETS LESS CURRENT LIABILITIES

104,846

105,264

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

104,845

105,263

SHAREHOLDERS' FUNDS

104,846

105,264

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 20 May 2015 and were signed on its behalf by:

T R Baines - 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).

Investment property

Professional fees, planning and survey costs incurred during the year to obtain planning permission for proposed

land acquisitions by the company are capitalised. The purchase of the land was completed in April 2015.

Deferred tax

Deferred taxation is provided on all reversible timing differences that arise when comparing the accounting profit

with the profits that are chargeable to taxation. Deferred taxation is not provided on any permanent timing

differences that may arise. At the balance sheet date, the required provision for deferred taxation is compared

with the provision at the beginning of the period and any difference is credited or debited to the profit and loss

account. Deferred tax assets are only recognised when there is a reasonable certainty that they will be

recoverable in the future.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 November 2013

and 31 October 2014

25

NET BOOK VALUE

At 31 October 2014

25

At 31 October 2013

25

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Harbourside Developments Limited

Nature of business: Property development

%

Class of shares:

holding

Ordinary £1 shares

2.50

30.4.14

30.4.13

£

£

Aggregate capital and reserves

174,645

173,736

Profit/(loss) for the year

909

(1,871

)

3.	INVESTMENT PROPERTY

Total

£

COST

Additions

482,573

At 31 October 2014

482,573

NET BOOK VALUE

At 31 October 2014

482,573

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

1

Ordinary

£1

1

1

5.	ULTIMATE CONTROLLING PARTY

The controlling party is T R Baines.

The company was under the control of Mr T R Baines throughout the year.