| Woodland Investments Limited |
| Registered Number |
| 03988106 |
| Abbreviated Balance Sheet |
| As at 31 March 2015 |
|
|
Notes |
|
|
2015 |
|
|
2014 |
|
|
|
|
£ |
|
|
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,154,013 |
|
|
2,816,849 |
|
| Current assets |
| Debtors |
|
|
17,917 |
|
|
17,865 |
| Cash at bank and in hand |
|
|
518,330 |
|
|
5,268 |
|
|
|
536,247 |
|
|
23,133 |
|
| Creditors: amounts falling due within one year |
|
|
(539,194) |
|
|
(399,133) |
|
| Net current liabilities |
|
|
|
(2,947) |
|
|
(376,000) |
|
| Total assets less current liabilities |
|
|
|
2,151,066 |
|
|
2,440,849 |
|
| Creditors: amounts falling due after more than one year |
3 |
|
|
(915,241) |
|
|
(1,063,292) |
|
|
|
| Net assets |
|
|
|
1,235,825 |
|
|
1,377,557 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2 |
|
|
2 |
| Revaluation reserve |
|
|
|
853,249 |
|
|
1,364,215 |
| Profit and loss account |
|
|
|
382,574 |
|
|
13,340 |
|
| Shareholder's funds |
|
|
|
1,235,825 |
|
|
1,377,557 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
| Mr R Davidoff |
| Director |
| Approved by the board on 16 December 2015 |
|
| Woodland Investments Limited |
| Notes to the Abbreviated Accounts |
| For the year ended 31 March 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The unaudited accounts 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 income from property rental. |
|
|
Investment properties |
|
Statement of Standard Accounting Practice No 19 requires that the value of Investment Properties are considered annually by Directors and are stated at open market value as at the Balance Sheet date and any surplus or deficit on revaluation is transferred to the revaluation reserve. |
|
|
Tangible fixed assets and depreciation |
|
Tangible fixed assets are stated at cost less depreciation. 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: |
|
|
Furniture, fixtures and equipment |
25% straight line |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
2,830,574 |
|
Additions |
77,713 |
|
Disposals |
(740,373) |
|
At 31 March 2015 |
2,167,914 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
13,725 |
|
Charge for the year |
176 |
|
At 31 March 2015 |
13,901 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
2,154,013 |
|
At 1 April 2014 |
2,816,849 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2015 |
|
2014 |
|
|
|
|
|
|
£ |
|
£ |
|
Creditors include: |
|
Secured bank loans |
915,241 |
|
1,063,838 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
|
|
value |
|
Number |
|
£ |
|
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
