Company Registration No. 03397849 (England and Wales)
WIDWORTHY COURT MANAGEMENT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
WIDWORTHY COURT MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
115,179
114,118
Current assets
Debtors
1,213
7,081
Cash at bank and in hand
46,329
53,056
47,542
60,137
Creditors: amounts falling due within one year
(12,191)
(5,103)
Net current assets
35,351
55,034
Total assets less current liabilities
150,530
169,152
Capital and reserves
Called up share capital
3
30
30
Revaluation reserve
54,729
54,729
Profit and loss account
95,771
114,393
Shareholders' funds
150,530
169,152
For the financial year ended 31 December 2014 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 25 July 2015
Mr J McKinnon
Director
Company Registration No. 03397849
WIDWORTHY COURT MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings 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 service charges and rent.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets 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:
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 January 2014
114,500
Additions
1,453
At 31 December 2014
115,953
Depreciation
At 1 January 2014
381
Charge for the year
393
At 31 December 2014
774
Net book value
At 31 December 2014
115,179
At 31 December 2013
114,118
WIDWORTHY COURT MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
30 Ordinary of £1 each
30
30
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