Walker Park Securities Limited - Period Ending 2015-04-05

Registration number: 1008908

Walker Park Securities Limited

Unaudited Abbreviated Accounts

for the Year Ended 5 April 2015
 

Fox Jennings Cullen
Accountants & Business Advisers
Tarn House
77 High Street
Yeadon
Leeds
West Yorkshire
LS19 7SP

Walker Park Securities Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Walker Park Securities Limited
(Registration number: 1008908)
Abbreviated Balance Sheet at 5 April 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					2,331			2,386
Current assets
Debtors					3,240			3,239
Cash at bank and in hand					12,670			10,529
					15,910			13,768
Creditors: Amounts falling due within one year					(63,004)			(62,991)
Net current liabilities					(47,094)			(49,223)
Net liabilities					(44,763)			(46,837)
Capital and reserves
Called up share capital		3			4,000			4,000
Profit and loss account					(48,763)			(50,837)
Shareholders' deficit					(44,763)			(46,837)

For the year ending 5 April 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 director acknowledges his 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 director on 8 December 2015

.........................................
D H M Walker
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Walker Park Securities Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis despite the deficit of liabilities over assets. This is due to the continued support of the director, who has control over the majority of the company's creditors.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Land and buildings	1% straight line basis
Fixtures and fittings	15% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Walker Park Securities Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 6 April 2014		5,945			5,945
At 5 April 2015		5,945			5,945
Depreciation
At 6 April 2014		3,559			3,559
Charge for the year		55			55
At 5 April 2015		3,614			3,614
Net book value
At 5 April 2015		2,331			2,331
At 5 April 2014		2,386			2,386

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		4,000			4,000			4,000			4,000

Page 3