Abbreviated Company Accounts - WORLDTOWER LTD

Registered Number 06054056

WORLDTOWER LTD

Abbreviated Accounts

31 January 2015

WORLDTOWER LTD Registered Number 06054056

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	961,297	961,297
		961,297	961,297
Current assets
Debtors		52,491	51,091
Cash at bank and in hand		2,134	1,208
		54,625	52,299
Creditors: amounts falling due within one year		(216,055)	(204,289)
Net current assets (liabilities)		(161,430)	(151,990)
Total assets less current liabilities		799,867	809,307
Creditors: amounts falling due after more than one year		(374,926)	(387,925)
Total net assets (liabilities)		424,941	421,382
Capital and reserves
Called up share capital		1,000	1,000
Revaluation reserve		415,586	415,586
Profit and loss account		8,355	4,796
Shareholders' funds		424,941	421,382

For the year ending 31 January 2015 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 19 October 2015

And signed on their behalf by:
Mr E S Weiss, Director

WORLDTOWER LTD Registered Number 06054056

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

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 April 2008.

Turnover policy
Turnover represents rents and similar charges exclusive of VAT.

Other accounting policies
Investment properties are revalued annually and the aggregate surplus or deficit transferred to the revaluation reserve except where any deficit is deemed permanent when it is taken to the Profit and Loss Account. No provision is made for depreciation of investment properties. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view. The depreciation charge is only one of the factors reflected in the annual valuation and, therefore, the effect of the departure cannot be readily quantified. The directors consider that this policy results in the accounts giving a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 February 2014	961,297
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	961,297
Depreciation
At 1 February 2014	-
Charge for the year	-
On disposals	-
At 31 January 2015	-
Net book values
At 31 January 2015	961,297
At 31 January 2014	961,297