Wolsey Road Property Ltd - Period Ending 2014-11-24

WOLSEY ROAD PROPERTY LIMITED - Company Information

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Registration number: 03776792

Wolsey Road Property Ltd

Unaudited Abbreviated Accounts

for the Year Ended 24 November 2014

Wolsey Road Property Ltd
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Wolsey Road Property Ltd
for the Year Ended 24 November 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wolsey Road Property Ltd for the year ended 24 November 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Wolsey Road Property Ltd, as a body, in accordance with the terms of our engagement letterdated 16 September 2009. Our work has been undertaken solely to prepare for your approval the accounts of Wolsey Road Property Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wolsey Road Property Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Wolsey Road Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Wolsey Road Property Ltd. You consider that Wolsey Road Property Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Wolsey Road Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

A-spire Business Partners
Chartered Accountants
32 Byron Hill Road
Harrow on the Hill
Middlesex
HA2 0HY

10 August 2015

Page 1

Wolsey Road Property Ltd
(Registration number: 03776792)
Abbreviated Balance Sheet at 24 November 2014

	Note	2014 £	2013 £
Fixed assets
Tangible fixed assets		3,862	3,862
Creditors: Amounts falling due within one year		(3,343)	(3,343)
Net assets		519	519
Capital and reserves
Called up share capital	3	3	3
Profit and loss account		516	516
Shareholders' funds		519	519

For the year ending 24 November 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 9 August 2015 and signed on its behalf by:

.........................................
Olga Szokalska
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Wolsey Road Property Ltd
Notes to the Abbreviated Accounts for the Year Ended 24 November 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life, as follows:

Asset class	Depreciation method and rate
Land and Buildings	No depreciation is deemed appropriate.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 25 November 2013	3,862	3,862
At 24 November 2014	3,862	3,862
Depreciation
At 24 November 2014	-	-
Net book value
At 24 November 2014	3,862	3,862
At 24 November 2013	3,862	3,862

Page 3

Wolsey Road Property Ltd
Notes to the Abbreviated Accounts for the Year Ended 24 November 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014			2013
		No.	£		No.	£
Ordinary shares of £1 each		3	3		3	3

Page 4