Accounts filed on 31-12-2015

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			Company registration number:07356053
		WESTWOOD (PROPERTY MANAGEMENT) LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 December 2015

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WESTWOOD (PROPERTY MANAGEMENT) LIMITED
BALANCE SHEET
AS AT 31 December 2015
			2015				2014
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			4,053,295				4,113,628
					4,053,295				4,113,628
CURRENT ASSETS
Stocks			17,001				29,641
Debtors			1,402				849
Cash at bank and in hand			203,433				38,090
			221,836				68,580
CREDITORS
Amounts falling due within one year			(75,946)				(65,888)
NET CURRENT ASSETS					145,890				2,692
TOTAL ASSETS LESS
CURRENT LIABILITIES					4,199,185				4,116,320
Creditors falling due after one year					(3,938,513)				(3,945,863)
NET ASSETS					260,672				170,457
CAPITAL AND RESERVES
Called-up equity share capital		3			1				1
Profit and loss account					260,671				170,456
SHAREHOLDERS FUNDS					260,672				170,457
For the year ending 31 December 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 the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
..........................................................................
L J Warren
12 May 2016
The annexed notes form part of these financial statements.

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WESTWOOD (PROPERTY MANAGEMENT) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

1.

Accounting policies

Basis of preparing the financial statements

The financial statements are prepared in accordance with applicable UK accounting standards. The particular accounting policies adopted, which have been applied consistently throughout the current financial year and the prior financial period, are described below.

Statement of cashflow

Under Financial Reporting Standards 1, the company is not required to prepare a cash flow statement as it qualifies as a small company

Turnover

Turnover represents amounts derived from provision of services which fall within the companies ordinary activities after trade discounts and VAT and is derived wholly in the UK. Revenue is recognised evenly over the rental period.

Investments

Under the requirements of SSAP19, ' Accounting for investment properties' investment properties are required to be revalued at the balance sheet dat at open market value. Any surplus or deficit arising from revaluation is to be transferred to a revaluation reserve. The company's investment properties have been recorded at their original cost The directors have no revalued the investment properties during the current period in accordance with SSAP19 as they are of the opinion that the current market value of th properties has not changed significantly. The directors do not believe tha a valuation would be of any benefit to th users of financial statements The Companies Act 2006 requires all properties to be depreciated. However this requirement conflicts with the general accepted accounting principle set out in SSAP19. No depreciation is provided in respect of investment properties as the directors consider that, because these properties are no held for consumption but for their investment potential, to depreciate them would not give a true and fair view, and that is necessary to adopt SSAP19 in order to give a true and fair view If this departure from the Act had not been made, the profit for the year would have been decreased by depreciation. However, the amount of depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately identified or quantified

Fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and Machinery - 18% per annum

Fixtures and Fittings - 18 % per annum of cost

Freehold buildings and improvements - 4% per annum

Stocks and work In progress

These figures are payments on account

Deferred taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date Deferred taxation is provided in full on timing difference that result in anobligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of incom and expenditure in taxation computations in periods different from those in which they are included in the financial statements Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deffered tax assets and liabilities are not discounted

2.	Tangible fixed assets
				Total
	Cost
	At start of period			4,064,375
	At end of period			4,064,375
	Depreciation
	At start of period			9,797
	Provided during the period			1,283
	At end of period			11,080
	Net Book Value
	At start of period			4,113,628
	At end of period			4,053,295

3.	Share capital				Allotted, issued and fully paid
					2015	2014
					£	£
	Ordinary shares of £1 each				1	1
	Total issued share capital				1	1
4.	Ultimate controlling party
	The directors consider that there is no ultimate controlling party.