Westow Street Developments Ltd - Abbreviated accounts 16.1

Westow Street Developments Ltd - Abbreviated accounts 16.1

WESTOW STREET DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 05257501 (England and Wales)







ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

WESTOW STREET DEVELOPMENTS LTD

WESTOW STREET DEVELOPMENTS LTD (REGISTERED NUMBER: 05257501)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

WESTOW STREET DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2016







DIRECTORS: Mr J J Devereux
Mr O Kehoe





SECRETARY: Mr O Kehoe





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 05257501 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ
Page 1
WESTOW STREET DEVELOPMENTS LTD (REGISTERED NUMBER: 05257501)

ABBREVIATED BALANCE SHEET
29 FEBRUARY 2016

29.2.16 28.2.15
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 1,382,057 2,195,233

CURRENT ASSETS
Cash at bank 600,089 217,798

CREDITORS
Amounts falling due within one year 18,369 36,657
NET CURRENT ASSETS 581,720 181,141
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,963,777
2,376,374

CREDITORS
Amounts falling due after more than one
year
1,329,790
1,069,790
NET ASSETS 633,987 1,306,584

CAPITAL AND RESERVES
Called up share capital 3 2 2
Revaluation reserve 628,776 628,776
Profit and loss account 5,209 677,806
SHAREHOLDERS' FUNDS 633,987 1,306,584

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
WESTOW STREET DEVELOPMENTS LTD (REGISTERED NUMBER: 05257501)

ABBREVIATED BALANCE SHEET - continued
29 FEBRUARY 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 1 May 2016 and were signed on its behalf by:





Mr O Kehoe - Director


The notes form part of these abbreviated accounts

Page 3
WESTOW STREET DEVELOPMENTS LTD (REGISTERED NUMBER: 05257501)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Investment property
Investment properties are shown at most recent valuation. Individual freehold and leasehold properties are
revalued every year by the directors except where a property has been externally revalued within the last three
years, with the surplus or deficit on book value being transferred to the revaluation reserve, unless a deficit (or its
reversal) is expected to be permanent, in which case it is charged to the profit and loss account. On the disposal
of a revalued fixed asset, any related balance in the revaluation reserve is also transferred to the profit and loss
account as a movement on reserves.

The valuation as at 29th February 2013 was carried out by the directors. The basis of valuation was market value
subject to existing tenancies where applicable.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 March 2015 2,195,233
Disposals (813,176 )
At 29 February 2016 1,382,057
NET BOOK VALUE
At 29 February 2016 1,382,057
At 28 February 2015 2,195,233

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.16 28.2.15
value: £    £   
2 Ordinary shares £1 2 2

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