Abbreviated Company Accounts - WOODFIELD PROPERTY COMPANY LIMITED

WOODFIELD PROPERTY COMPANY LIMITED - Company Information

06409166 WOODFIELD PROPERTY COMPANY LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 06409166 2013-11-01 2014-10-31 06409166 2014-10-31 06409166 2013-10-31 06409166 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 06409166 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 iso4217:GBP shares

Registered Number 06409166

WOODFIELD PROPERTY COMPANY LIMITED

Abbreviated Accounts

31 October 2014

WOODFIELD PROPERTY COMPANY LIMITED Registered Number 06409166

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	600,000	600,000
		600,000	600,000
Current assets
Debtors		300	60
Cash at bank and in hand		2,629	3,541
		2,929	3,601
Creditors: amounts falling due within one year	3	(209,917)	(203,183)
Net current assets (liabilities)		(206,988)	(199,582)
Total assets less current liabilities		393,012	400,418
Creditors: amounts falling due after more than one year	3	(271,118)	(284,097)
Total net assets (liabilities)		121,894	116,321
Capital and reserves
Called up share capital	4	2	2
Revaluation reserve		114,445	114,445
Profit and loss account		7,447	1,874
Shareholders' funds		121,894	116,321

For the year ending 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 July 2015

And signed on their behalf by:
P Knowles, Director

WOODFIELD PROPERTY COMPANY LIMITED Registered Number 06409166

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total rents receivable during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings – Nil depreciation

Other accounting policies
Investment property depreciation policy
No depreciation is provided for in respect of investment properties in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Such properties are held for their investment potential and not for consumption within the business. This is a departure from the Companies Act 2006 which requires all properties to be depreciated and the directors consider that to depreciate them would not enable the financial statements to give a true and fair view. Investment properties are stated at their market value at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 November 2013	600,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	600,000
Depreciation
At 1 November 2013	-
Charge for the year	-
On disposals	-
At 31 October 2014	-
Net book values
At 31 October 2014	600,000
At 31 October 2013	600,000

3Creditors

	2014 £	2013 £
Secured Debts	118,942	118,942

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2