Wattle Investments Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07467857 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

WATTLE INVESTMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J L French-Barney

H F Barney

REGISTERED OFFICE:

16 Langton Road

Great Bowden

Market Harborough

Leicestershire

LE16 7EZ

REGISTERED NUMBER:

07467857 (England and Wales)

ACCOUNTANTS:

DNG Dove Naish

Chartered Accountants

Eagle House

28 Billing Road

Northampton

NN1 5AJ

FIXED ASSETS

Tangible assets

2

14,452

20,233

Investments

3

4

2

14,456

20,235

CURRENT ASSETS

Debtors

1,504,745

874,713

Cash at bank

43

45

1,504,788

874,758

CREDITORS

Amounts falling due within one year

684,332

706,770

NET CURRENT ASSETS

820,456

167,988

TOTAL ASSETS LESS CURRENT LIABILITIES

834,912

188,223

PROVISIONS FOR LIABILITIES

2,890

4,047

NET ASSETS

832,022

184,176

CAPITAL AND RESERVES

Called up share capital

4

6

4

Profit and loss account

832,016

184,172

SHAREHOLDERS' FUNDS

832,022

184,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3 August 2015 and were signed on its behalf by:

J L French-Barney - Director

H F Barney - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on cost

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the

treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or

accelerated is accounted for in respect of all material timing differences.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

23,124

DEPRECIATION

At 1 January 2014

2,891

Charge for year

5,781

At 31 December 2014

8,672

NET BOOK VALUE

At 31 December 2014

14,452

At 31 December 2013

20,233

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

2

Additions

2

At 31 December 2014

4

NET BOOK VALUE

At 31 December 2014

4

At 31 December 2013

2

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Grace Developments Limited

Nature of business: Property development financing

%

Class of shares:

holding

Ordinary

50.00

2014

2013

£

£

Aggregate capital and reserves

29,511

4

Profit for the year

629,507

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

6

Ordinary

£1

6

4

2 Ordinary shares of £1 were issued during the year for cash of £ 2 .

5.	TRANSACTIONS WITH DIRECTORS

At the year end, the company owed £329,179 (2013 - £354,745) to J L French-Barney and H F Barney.

No interest was charged and there are no fixed terms of repayment.