Wrenshurst Limited - Period Ending 2014-10-31

Registration number: 08734435

Wrenshurst Limited

Unaudited Abbreviated Accounts

for the Period from 16 October 2013 to 31 October 2014

 

Wincham Consultants Limited
Wincham House, Greenfield Farm Trading Estate
Congleton
Cheshire
CW12 4TR

Wrenshurst Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Wrenshurst Limited
(Registration number: 08734435)
Abbreviated Balance Sheet at 31 October 2014

		Note			31 October 2014 £
Fixed assets
Tangible fixed assets					168,046
Creditors: Amounts falling due within one year					(14,952)
Net assets					153,094
Capital and reserves
Called up share capital		3			160,690
Profit and loss account					(7,596)
Shareholders' funds					153,094

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 director acknowledges his 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 director on 10 July 2015

.........................................
Mr Bryce Edward Somerville
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Wrenshurst Limited
Notes to the Abbreviated Accounts for the Period from 16 October 2013 to 31 October 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).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is charged across the expected economic life of the assets with reference to the residual values

Asset class	Depreciation method and rate
Freehold Property	No Depreciation

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Foreign currency

Foreign currency transactions are recorded at the exchange rate ruling on the date of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions, and from the retranslation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies, are recognised in the profit and loss account.

Page 2

Wrenshurst Limited
Notes to the Abbreviated Accounts for the Period from 16 October 2013 to 31 October 2014
......... continued

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
Additions		168,046			168,046
At 31 October 2014		168,046			168,046
Depreciation
At 31 October 2014		-			-
Net book value
At 31 October 2014		168,046			168,046

3	Share capital

Allotted, called up and fully paid shares

	31 October 2014
		No.			£
Ordinary Share Capital of £1 each		2			2
Redeemable Preference Shares of £1 each		160,688			160,688
		160,690			160,690

New shares allotted

During the period 2 Ordinary Shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £2.

During the period 160,688 Redeemable Preference Shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £160,688.

Page 3

Wrenshurst Limited
Notes to the Abbreviated Accounts for the Period from 16 October 2013 to 31 October 2014
......... continued

Redeemable preference shares

The Redeemable Preference Shares are redeemable at the option of the company. They are redeemable at £1 per share and carry full voting rights.

4

Control

The company is controlled by Mr Bryce Somerville (Company Director) who owns 50.0012% of the share capital.

Page 4