New Wood Securities Limited - Limited company - abbreviated

REGISTERED NUMBER: 03441847 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

New Wood Securities Limited

Page

Company Information

1

Report of the Accountants

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

D P Stokes

C Lea

SECRETARY:

Mrs J Craig

REGISTERED OFFICE:

Lancaster House

67 Newhall Street

Birmingham

West Midlands

B13 1NQ

REGISTERED NUMBER:

03441847 (England and Wales)

ACCOUNTANTS:

Titanium Accountants Ltd

8th Floor, Newater House

11 Newhall Street

Birmingham

West Midlands

B3 3NY

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages three to eight) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial

statements for the year ended 31 December 2013 set out on pages four to twelve and you

consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in

order to assist you to fulfil your statutory responsibilities, from the accounting records and

information and explanations supplied to us.

Titanium Accountants Ltd

8th Floor, Newater House

11 Newhall Street

Birmingham

West Midlands

B3 3NY

27 August 2014

FIXED ASSETS

Tangible assets

2

-

Investments

3

338,328

Investment property

4

3,700,000

4,038,328

CURRENT ASSETS

Debtors

2,596,365

2,674,970

Cash at bank

6,655

98,801

2,603,020

2,773,771

CREDITORS

Amounts falling due within one year

610,962

806,253

NET CURRENT ASSETS

1,992,058

1,967,518

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,030,386

6,005,846

CREDITORS

Amounts falling due after more than
one year

3,193,936

3,124,678

NET ASSETS

2,836,450

2,881,168

CAPITAL AND RESERVES

Called up share capital

5

20

Revaluation reserve

1,279,687

Profit and loss account

1,556,743

1,601,461

SHAREHOLDERS' FUNDS

2,836,450

2,881,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 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 27 August 2014 and were
signed on its behalf by:

D P Stokes - Director

C Lea - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on cost

Investment property

Certain of the company's properties are held for long term investment. Investment

properties are accounted for in accordance with the FRSSE, as follows:

No depreciation is provided in respect of investment properties and they are revalued

annually. The surplus or deficit on revaluation is transferred to the revaluation reserve

unless a deficit below original cost, or its reversal, on an individual property is expected to be

permanent, in which case it is recognised in the profit and loss account for the year.

This treatment as regards the Company's investment properties may be a departure from

the requirements of the Companies Act concerning the depreciation of fixed assets.

However, these properties are not held for consumption but for investment and the directors

consider that symptomatic annual depreciation would be inappropriate. The accounting

policy adopted is therefore necessary for the financial statements to give a true and fair

view. Depreciation or amortisation is only one of many factors reflected in the annual

valuation and the amount which might otherwise have been shown cannot be separately

identified or quantified.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which

they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

267,323

DEPRECIATION

At 1 January 2013

and 31 December 2013

267,323

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

-

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2013

and 31 December 2013

338,328

NET BOOK VALUE

At 31 December 2013

338,328

At 31 December 2012

338,328

The company's investments at the balance sheet date in the share capital of companies

include the following:

Subsidiaries

New Wood Properties Limited

Nature of business: Property investment

%

Class of shares:

holding

Ordinary £1 shares

75.00

31.12.13

31.12.12

£

Aggregate capital and reserves

(660,893

)

(598,584

)

Loss for the year

(62,309

)

(49,392

)

White Rock Properties Limited

Nature of business: Property investment

%

Class of shares:

holding

Ordinary £1 shares

100.00

31.12.13

31.12.12

£

Aggregate capital and reserves

194,912

267,954

Profit for the year

81,076

65,785

Associated companies

Oxwood Investments Limited

Nature of business: Property investment

%

Class of shares:

holding

Ordinary £1 shares

50.00

31.5.13

31.5.12

£

Aggregate capital and reserves

640,045

694,365

(Loss)/profit for the year

(54,320

)

42,039

New Wood Limited

Nature of business: Property investment

%

Class of shares:

holding

Ordinary shares of £1 each

50.00

31.12.13

31.12.12

£

Aggregate capital and reserves

-

(1,025,125

)

Profit for the year

-

15,992

New Wood Limited was placed into liquidation on 23rd December 2013 and there is unlikely

to be any financial return for the Company.

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2013

and 31 December 2013

3,700,000

NET BOOK VALUE

At 31 December 2013

3,700,000

At 31 December 2012

3,700,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

20

Ordinary shares

1.00

20

New Wood Securities Limited - Limited company - abbreviated - 11.0.0

New Wood Securities Limited - Limited company - abbreviated - 11.0.0