Company Registration No. 02289495 (England and Wales)
WEBB'S LAND LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
WEBB'S LAND LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
WEBB'S LAND LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
450,000
450,000
Current assets
Debtors
5,703
2,817
Cash at bank and in hand
18,559
13,447
24,262
16,264
Creditors: amounts falling due within one year
(3,008)
(2,643)
Net current assets
21,254
13,621
Total assets less current liabilities
471,254
463,621
Capital and reserves
Called up share capital
3
242,100
242,100
Revaluation reserve
181,548
181,548
Profit and loss account
47,606
39,973
Shareholders' funds
471,254
463,621
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 for issue on 20 June 2015
Nicholas C D Hall - Chairman
Director
Company Registration No. 02289495
WEBB'S LAND LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Freehold land
No depreciation is provided in respect of freehold land.
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 April 2014 & at 31 March 2015
450,000
At 31 March 2014
450,000
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
242,100 Ordinary shares of £1 each
242,100
242,100
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