Company Registration No. 03397849 (England and Wales)
WIDWORTHY COURT MANAGEMENT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
WIDWORTHY COURT MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
114,884
115,179
Current assets
Debtors
3,828
1,213
Cash at bank and in hand
27,065
46,329
30,893
47,542
Creditors: amounts falling due within one year
(4,321)
(12,190)
Net current assets
26,572
35,352
Total assets less current liabilities
141,456
150,531
Capital and reserves
Called up share capital
3
30
30
Revaluation reserve
54,729
54,729
Profit and loss account
86,697
95,772
Shareholders' funds
141,456
150,531
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 9 May 2016
Mr J McKinnon
Director
Company Registration No. 03397849
WIDWORTHY COURT MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
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).
1.3
Turnover
Turnover represents amounts receivable for service charges and rent.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 January 2015 & at 31 December 2015
115,953
Depreciation
At 1 January 2015
774
Charge for the year
295
At 31 December 2015
1,069
Net book value
At 31 December 2015
114,884
At 31 December 2014
115,179
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
30 Ordinary of £1 each
30
30
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