Abbreviated Company Accounts - WARNBOROUGH ASSET MANAGEMENT LIMITED

WARNBOROUGH ASSET MANAGEMENT LIMITED - Company Information

04052913 WARNBOROUGH ASSET MANAGEMENT LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 04052913 2015-01-01 2015-12-31 04052913 2015-12-31 04052913 2014-12-31 04052913 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 04052913 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:Director3 2015-01-01 2015-12-31 uk-gaap-cd-bus:Director3 2015-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 04052913

WARNBOROUGH ASSET MANAGEMENT LIMITED

Abbreviated Accounts

31 December 2015

WARNBOROUGH ASSET MANAGEMENT LIMITED Registered Number 04052913

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,943	7,495
		3,943	7,495
Current assets
Debtors		30,497	31,419
Cash at bank and in hand		22,735	20,943
		53,232	52,362
Creditors: amounts falling due within one year		(15,358)	(12,313)
Net current assets (liabilities)		37,874	40,049
Total assets less current liabilities		41,817	47,544
Total net assets (liabilities)		41,817	47,544
Capital and reserves
Called up share capital	3	43,501	43,501
Profit and loss account		(1,684)	4,043
Shareholders' funds		41,817	47,544

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 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 15 June 2016

And signed on their behalf by:
Mr Charles Peal, Director

WARNBOROUGH ASSET MANAGEMENT LIMITED Registered Number 04052913

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the value, net of value added tax and discounts, in respect of property management charges and research and development activities.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Plant & machinery 33% straight line.

2Tangible fixed assets

	£
Cost
At 1 January 2015	134,584
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	134,584
Depreciation
At 1 January 2015	127,089
Charge for the year	3,552
On disposals	-
At 31 December 2015	130,641
Net book values
At 31 December 2015	3,943
At 31 December 2014	7,495

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
43,501 Ordinary shares of £1 each	43,501	43,501

4Transactions with directors

Name of director receiving advance or credit:	Mr Charles Peal
Description of the transaction:	Expenses paid on behalf of the company
Balance at 1 January 2015:	-
Advances or credits made:	£ 4,166
Advances or credits repaid:	-
Balance at 31 December 2015:	£ 4,166

Ultimate controlling party
The ultimate controlling party is Mr C Peal, a director of the company, by virtue of a 100% holding in the share capital of Warnborough Asset Management Limited.