Abbreviated Company Accounts - WESTERN BRANCH LIMITED

Abbreviated Company Accounts - WESTERN BRANCH LIMITED

WESTERN BRANCH LIMITED - Company Information

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Registered Number 08920690

WESTERN BRANCH LIMITED

Abbreviated Accounts

31 March 2015

WESTERN BRANCH LIMITED Registered Number 08920690

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015
£
Fixed assets
Investments 2 5
5
Current assets
Debtors 8,386
Cash at bank and in hand 2,492
10,878
Creditors: amounts falling due within one year (12,449)
Net current assets (liabilities) (1,571)
Total assets less current liabilities (1,566)
Total net assets (liabilities) (1,566)
Capital and reserves
Called up share capital 3 100
Profit and loss account (1,666)
Shareholders' funds (1,566)
  • For the year ending 31 March 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 4 December 2015

And signed on their behalf by:
R Mayon-White, Director

WESTERN BRANCH LIMITED Registered Number 08920690

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

1Accounting Policies

Basis of measurement and preparation of accounts
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).

The company is reliant on financial support from the director. The director has confirmed that he will continue to support the company for a period of at least twelve months from the date of approval of the financial statements. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

Other accounting policies
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

2Fixed assets Investments
Holdings of more than 20%
The company holds more than 20% of the share capital of the following company:

Western Branch Haskap Orchards Limited
Country of registration or incorporation: Canada
Class: Common
Shares held: 100%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Western Branch Haskap Orchards Limited

Principal activity: Haskap orchard
Capital and reserves: (2014) (£17,498)
Profit/(loss) for the year: (2014) (£17,503)

3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
100 Ordinary shares of £1 each 100

During the year 100 Ordinary shares of £1.00 each were allotted and fully paid at par for cash consideration to provide additional working capital.