Abbreviated Company Accounts - WEINLAND ESTATES LTD

Abbreviated Company Accounts - WEINLAND ESTATES LTD

WEINLAND ESTATES LTD - Company Information

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Registered Number 07220950

WEINLAND ESTATES LTD

Abbreviated Accounts

30 April 2015

WEINLAND ESTATES LTD Registered Number 07220950

Abbreviated Balance Sheet as at 30 April 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 624,360 524,360
624,360 524,360
Current assets
Debtors 3,454 125,170
Cash at bank and in hand 4,242 4,597
7,696 129,767
Creditors: amounts falling due within one year (138,878) (267,701)
Net current assets (liabilities) (131,182) (137,934)
Total assets less current liabilities 493,178 386,426
Creditors: amounts falling due after more than one year (225,237) (231,134)
Total net assets (liabilities) 267,941 155,292
Capital and reserves
Called up share capital 1 1
Revaluation reserve 220,000 120,000
Profit and loss account 47,940 35,291
Shareholders' funds 267,941 155,292
  • For the year ending 30 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 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 25 January 2016

And signed on their behalf by:
Mr A Schlesinger, Director

WEINLAND ESTATES LTD Registered Number 07220950

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents rents and similar charges exclusive of VAT.

Other accounting policies
Investment properties are revalued annually and the aggregate surplus or deficit transferred to the revaluation reserve except where any deficit is deemed permanent when it is taken to the Profit and Loss Account. No provision is made for depreciation of investment properties. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view. The depreciation charge is only one of the factors reflected in the annual valuation and, therefore, the effect of the departure cannot be readily quantified. The directors consider that this policy results in the accounts giving a true and fair view.

2Tangible fixed assets
£
Cost
At 1 May 2014 524,360
Additions -
Disposals -
Revaluations 100,000
Transfers -
At 30 April 2015 624,360
Depreciation
At 1 May 2014 -
Charge for the year -
On disposals -
At 30 April 2015 -
Net book values
At 30 April 2015 624,360
At 30 April 2014 524,360