Abbreviated Company Accounts - THE WORKS PROPERTY DEVELOPMENTS LTD
Abbreviated Company Accounts - THE WORKS PROPERTY DEVELOPMENTS LTD
Registered Number 08080011
THE WORKS PROPERTY DEVELOPMENTS LTD
Abbreviated Accounts
31 May 2015
THE WORKS PROPERTY DEVELOPMENTS LTD Registered Number 08080011
Abbreviated Balance Sheet as at 31 May 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Current assets | |||
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 2 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
For the year ending 31 May 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
And signed on their behalf by:
THE WORKS PROPERTY DEVELOPMENTS LTD Registered Number 08080011
Notes to the Abbreviated Accounts for the period ended 31 May 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
The director has taken advantage of the exemption in Financial Reporting Standard No 1 (Revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small.
Financial instruments
Financial liabilities and equit6y instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.