Abbreviated Company Accounts - WARNBOROUGH ASSET MANAGEMENT LIMITED

WARNBOROUGH ASSET MANAGEMENT LIMITED - Company Information

04052913 WARNBOROUGH ASSET MANAGEMENT LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 04052913 2014-01-01 2014-12-31 04052913 2014-12-31 04052913 2013-12-31 04052913 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 04052913 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:Director4 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director4 2014-12-31 uk-gaap-cd-bus:Director4 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 04052913

WARNBOROUGH ASSET MANAGEMENT LIMITED

Abbreviated Accounts

31 December 2014

WARNBOROUGH ASSET MANAGEMENT LIMITED Registered Number 04052913

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	7,495	4,518
		7,495	4,518
Current assets
Debtors		31,419	32,573
Cash at bank and in hand		20,943	20,757
		52,362	53,330
Creditors: amounts falling due within one year		(12,313)	(10,145)
Net current assets (liabilities)		40,049	43,185
Total assets less current liabilities		47,544	47,703
Total net assets (liabilities)		47,544	47,703
Capital and reserves
Called up share capital	3	43,501	43,501
Profit and loss account		4,043	4,202
Shareholders' funds		47,544	47,703

For the year ending 31 December 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 15 September 2015

And signed on their behalf by:
Charles Peal, Director

WARNBOROUGH ASSET MANAGEMENT LIMITED Registered Number 04052913

Notes to the Abbreviated Accounts for the period ended 31 December 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 January 2015.

Turnover policy
Turnover represents the value, net of value added tax and discounts, in respect of fund management, research activities and management charges.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant & machinery 33% straight line.

2Tangible fixed assets

	£
Cost
At 1 January 2014	128,821
Additions	5,763
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	134,584
Depreciation
At 1 January 2014	124,303
Charge for the year	2,786
On disposals	-
At 31 December 2014	127,089
Net book values
At 31 December 2014	7,495
At 31 December 2013	4,518

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
43,501 Ordinary shares of £1 each	43,501	43,501

4Transactions with directors

Name of director receiving advance or credit:	Charles Peal
Description of the transaction:	Director's loan. The loan is interest free and payable on demand.
Balance at 1 January 2014:	£ 18,030
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 December 2014:	£ 18,030

Name of director receiving advance or credit:	Charles Peal
Description of the transaction:	Expenses paid on behalf of the company
Balance at 1 January 2014:	-
Advances or credits made:	£ 27,448
Advances or credits repaid:	-
Balance at 31 December 2014:	£ 27,448

Ultimate controlling party

The ultimate controlling party is Charles Peal, a director of the company, by virtue of 100% holding in the share capital of Warnborough Asset Management Limited.