WICKORA ESTATES LIMITED Small abbreviated accounts

WICKORA ESTATES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 06649536

WICKORA ESTATES LIMITED

ABBREVIATED ACCOUNTS

31 December 2015

BERNARD ATKINS

Chartered Accountants

205 Wells Road

Knowle

Bristol

BS4 2DF

WICKORA ESTATES LIMITED

ABBREVIATED BALANCE SHEET

31 December 2015

	2015	2014
Note	£	£	£
FIXED ASSETS	2
Tangible assets		6,418	4,782
		-------	-------

CURRENT ASSETS

Debtors	13,108		20,716
Cash at bank and in hand	72,054		50,325
	---------		---------
	85,162		71,041
CREDITORS: Amounts falling due within one year	100,116		134,431
	----------		----------
NET CURRENT LIABILITIES		( 14,954)	( 63,390)
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		( 8,536)	( 58,608)

PROVISIONS FOR LIABILITIES	875	460
	-------	---------
	( 9,411)	( 59,068)
	-------	---------

CAPITAL AND RESERVES

Called up equity share capital	4		100	100
Profit and loss account		( 9,511)	( 59,168)
		-------	---------
DEFICIT		( 9,411)	( 59,068)
		-------	---------

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 15 July 2016 .

M D OFFER

Company Registration Number: 06649536

WICKORA ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 DECEMBER 2015

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings-15% straight line per annum

Motor Vehicles-25% straight line per annum

Office Equipment-20% straight line per annum

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 January 2015	33,283
Additions	4,880
	---------
At 31 December 2015	38,163
	---------

DEPRECIATION

At 1 January 2015	28,501
Charge for year	3,244
	---------
At 31 December 2015	31,745
	---------

NET BOOK VALUE

At 31 December 2015	6,418
	-------

At 31 December 2014	4,782
	-------

3. RELATED PARTY TRANSACTIONS

The company was under the indirect control of Mr M D Offer throughout the current period. Mr Offer is the majority shareholder in the parent company. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.

4. SHARE CAPITAL

Authorised share capital:

	2015	2014
	£	£
10,000 Ordinary shares of £ 1 each	10,000	10,000
	---------	---------

4. SHARE CAPITAL (continued)

Allotted, called up and fully paid:

2015	2014
No	£	No	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

5. ULTIMATE PARENT COMPANY

The company regards United Lettings Limited , incorporated in the United Kingdom, as its ultimate parent company.