New Wood Securities Limited - Limited company - abbreviated

REGISTERED NUMBER: 03441847 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 January 2015 to 31 October 2015

for

New Wood Securities Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D P Stokes

C Lea

SECRETARY:

Mrs J Craig

REGISTERED OFFICE:

Lancaster House

67 Newhall Street

Birmingham

West Midlands

B3 1NQ

REGISTERED NUMBER:

03441847 (England and Wales)

ACCOUNTANTS:

Titanium Accountants Ltd

8th Floor, Newater House

11 Newhall Street

Birmingham

West Midlands

B3 3NY

FIXED ASSETS

Tangible assets

2

-

Investments

3

175

338,328

Investment property

4

-

2,675,000

175

3,013,328

CURRENT ASSETS

Debtors

65,419

4,121,682

Cash at bank

4,047,941

114,506

4,113,360

4,236,188

CREDITORS

Amounts falling due within one year

104,374

1,585,239

NET CURRENT ASSETS

4,008,986

2,650,949

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,009,161

5,664,277

CREDITORS

Amounts falling due after more than
one year

-

2,100,936

NET ASSETS

4,009,161

3,563,341

CAPITAL AND RESERVES

Called up share capital

5

20

Revaluation reserve

-

708,939

Profit and loss account

4,009,141

2,854,382

SHAREHOLDERS' FUNDS

4,009,161

3,563,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2015 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 24 November 2015 and were
signed on its behalf by:

D P Stokes - Director

C Lea - 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.

Plant and machinery

-

10% on cost

Investment property

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 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 symptomatic 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 many factors reflected in the annual valuation and

the amount which might otherwise have been shown cannot be separately identified or

quantified.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

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 2015

and 31 October 2015

267,323

DEPRECIATION

At 1 January 2015

and 31 October 2015

267,323

NET BOOK VALUE

At 31 October 2015

-

At 31 December 2014

-

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

338,328

Disposals

(338,153

)

At 31 October 2015

175

NET BOOK VALUE

At 31 October 2015

175

At 31 December 2014

338,328

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

include the following:

Subsidiaries

New Wood Properties Limited

Nature of business: Property investment

%

Class of shares:

holding

Ordinary £1 shares

75.00

31.10.15

31.12.14

£

Aggregate capital and reserves

-

127,581

(Loss)/profit for the period/year

(127,581

)

151,099

New Wood Properties Limited ceased trading on the 6th October 2015 following the sale of

its investment property. With the Company likely to be wound up, the investment now has nil

value.

White Rock Properties Limited

Nature of business: Property investment

%

Class of shares:

holding

Ordinary £1 shares

100.00

31.10.15

31.12.14

£

Aggregate capital and reserves

100

280,625

Profit for the period/year

118,403

85,713

White Rock Properties Limited ceased trading on the 27th May 2015 following the sale of its

investment property. With the Company being in the process of being struck off, the

investment now has nil value.

Associated companies

Oxwood Investments Limited

Nature of business: Property investment

%

Class of shares:

holding

Ordinary £1 shares

50.00

31.10.15

31.5.14

£

Aggregate capital and reserves

-

700,288

Profit for the year

-

60,243

Oxwood Investments Limited ceased trading during the year and is in the process of being

wound up, with all retained profits having been distributed.

New Wood Limited

Nature of business: Property investment

%

Class of shares:

holding

Ordinary shares of £1 each

50.00

New Wood Limited was placed into liquidation on 23rd December 2013 and there is unlikely

to be any financial return for the Company.

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2015

2,675,000

Disposals

(2,675,000

)

At 31 October 2015

-

NET BOOK VALUE

At 31 October 2015

-

At 31 December 2014

2,675,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.12.14

value:

£

20

Ordinary shares

1.00

20

New Wood Securities Limited - Limited company - abbreviated - 11.9

New Wood Securities Limited - Limited company - abbreviated - 11.9