W Connect Limited - Limited company - abbreviated - 11.9
W Connect Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2015 |
| FOR |
| W CONNECT LIMITED |
| PREVIOUSLY KNOWN AS |
| W SECURITIES LIMITED |
| W CONNECT LIMITED (REGISTERED NUMBER: 07844479) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 28 February 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| W CONNECT LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 28 February 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| W CONNECT LIMITED (REGISTERED NUMBER: 07844479) |
| ABBREVIATED BALANCE SHEET |
| 28 February 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| W CONNECT LIMITED (REGISTERED NUMBER: 07844479) |
| ABBREVIATED BALANCE SHEET - continued |
| 28 February 2015 |
| The financial statements were approved by the Board of Directors on by: |
| W CONNECT LIMITED (REGISTERED NUMBER: 07844479) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 28 February 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company is dependent on the ongoing support of its parent company to enable it to continue to trade. |
| The directors have assessed what level of funding is required for the twelve months from the date of approval of |
| these financial statements in particular and beyond in general. The directors of the parent company have |
| indicated their willingness to continue their support by providing adequate ongoing finance to meet this |
| company's trading needs. |
| On this basis the directors have drawn up these financial statements on the assumption that the company is a |
| going concern. |
| 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). |
| Preparation of consolidated financial statements |
| The financial statements contain information about W Connect Limited as an individual company and do not |
| contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover represents the net invoice value of services provided, excluding value added tax. |
| Tangible fixed assets |
| Horses | - |
| Fixtures and fittings | - |
| Tangible fixed assets are stated at cost less depreciation. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| W CONNECT LIMITED (REGISTERED NUMBER: 07844479) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 28 February 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2014 |
| and 28 February 2015 |
| DEPRECIATION |
| At 1 March 2014 |
| Charge for year |
| Impairments |
| At 28 February 2015 |
| NET BOOK VALUE |
| At 28 February 2015 |
| At 28 February 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 March 2014 | 1 |
| Additions | 1 |
| At 28 February 2015 | 2 |
| NET BOOK VALUE |
| At 28 February 2015 |
| At 28 February 2014 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 50.00 |
| £ |
| Aggregate capital and reserves | (56,277 | ) |
| Loss for the period/year | (56,279 | ) |
| There is currently no 2015 financial information for Wildehall Bloodstock Limited. |
| Interest in associate |
| The company acquired a 50% interest in Norfolk Investments LLP on 1 March 2014. During the year an amount |
| of £228,324 (2014: £Nil) was remitted to the company. |
| W CONNECT LIMITED (REGISTERED NUMBER: 07844479) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 28 February 2015 |
| 4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| 6. | ULTIMATE PARENT COMPANY |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the year ended 28 February 2015 and the |
| period ended 28 February 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |