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| Werndale Properties Limited |
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 01596315
2
Werndale Properties Limited
For the year ended 31 March 2015
1
Accountant's Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Werndale Properties Limited
Accountant's Report
For the year ended 31 March 2015
| Accountants' report on the unaudited financial statements to the directors of Werndale Properties Limited. |
| In accordance with our terms of engagement and in order to assist you to fulfill your duties under the Companies |
| Act 2006, we have compiled the financial statements of the company for the period ending 31 March 2015 which |
| comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and |
| information and explanations you have given to us. |
| This report is made to the company's Board of Directors, as a body, in accordance with the terms of our |
| engagement. Our work has been undertaken so that we might compile the financial statements that we have been |
| engaged to compile, report to the company's Board of Directors that we have done so and state those matter that |
| we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we |
| do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as |
| a body, for our work or for this report. |
| You have acknowledged on the Balance Sheet as at 31 March 2015 your duty to ensure that the company has kept |
| the correct accounting records and to prepare financial statements that give a true and fair view under the |
| Companies Act 2006. You consider that the company is exempt form statutory requirement for an audit for the |
| period. |
| We have not been instructed to carry out and audit of the financial statements. 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 financial statements. |
Stonebridge Accountants
19a Chorley Old Road
Bolton
Lancashire
BL1 3AD
10 July 2015
1 of 4
4
| Abbreviated Balance Sheet |
Werndale Properties Limited
2015
2014
2
266,201
226,840
266,201
226,840
167,257
134,146
119,705
87,798
253,851
255,055
| Creditors: amounts falling due within one year |
(147,926)
(99,062)
107,129
154,789
Net current assets
| Total assets less current liabilities |
420,990
333,969
(39,438)
(28,536)
| Provisions for liabilities |
381,552
Net assets
305,433
23,700
3
23,700
357,852
281,733
381,552
305,433
Shareholders funds
| For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| The accounts have been prepared in accordance with the micro-entity provisions. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Date approved by the board: 09 July 2015 |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
Werndale Properties Limited
For the year ended 31 March 2015
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover represents amounts receivable for goods and services provided by the company excluding value added tax and derives entirely from operations within the United Kingdom. |
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Finance lease and hire purchase charges |
| The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
A dividend of £50,000 was paid during the year.
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
| Assets on finance lease and hire purchase |
| Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and |
| rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets |
| and depreciated over the shorter of the lease term and their estimated expected useful lives. |
| Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods. |
3 of 4
6
| Notes to the Abbreviated Financial Statements |
Werndale Properties Limited
For the year ended 31 March 2015
438,758
87,183
(18,599)
507,342
211,918
(13,981)
43,204
Charge for year
241,141
266,201
226,840
| Allotted called up and fully paid |
2015
2014
| 23,700 Class A shares of £1.00 each |
23,700
23,700
23,700
23,700
4 of 4
