Dentwip Limited - Period Ending 2015-11-30

Registration number: 08767529

Dentwip Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2015
 

Wincham Accountants Limited
Wincham House
Back Lane
Greenfield Farm Trad Estate
Congleton
Cheshire
CW12 4TR

Dentwip Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Dentwip Limited
(Registration number: 08767529)
Abbreviated Balance Sheet at 30 November 2015

		Note			30 November 2015 £			30 November 2014 £
Fixed assets
Tangible fixed assets					103,706			-
Current assets
Debtors					-			2
Creditors: Amounts falling due within one year					(12,488)			-
Net current (liabilities)/assets					(12,488)			2
Net assets					91,218			2
Capital and reserves
Called up share capital		3			94,832			2
Profit and loss account					(3,614)			-
Shareholders' funds					91,218			2

For the year ending 30 November 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 director acknowledges her 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 director on 31 August 2016

.........................................
Mrs Gillian Caroline Howard
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Dentwip Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover (shown as other operating income) represents the amount receivable in respect of property rental.

Depreciation

Depreciation is charged across the expected economic life of the assets with reference to the residual values

Asset class	Depreciation method and rate
Investment Property	No Depreciation

Investment properties

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. 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 systematic 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 the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified. The directors recognize that the value of the property at the year-end may be lower than cost but given current market conditions believe prices will recover and that no restatement is necessary.

Foreign currency

Foreign currency transactions are recorded at the exchange rate ruling on the date of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions, and from the retranslation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies, are recognised in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Dentwip Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		103,706			103,706
At 30 November 2015		103,706			103,706
Depreciation
At 30 November 2015		-			-
Net book value
At 30 November 2015		103,706			103,706

3	Share capital

Allotted, called up and fully paid shares

	30 November 2015						30 November 2014
		No.			£			No.			£
Ordinary Shares of £1 each		2			2			2			2
Redeemable Preference Shares of £1 (2014 - £0.00) each		94,830			94,830			-			-
		94,832			94,832			2			2

New shares allotted

During the year 94,830 Redeemable Preference Shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £94,830.

Redeemable preference shares

The Redeemable Preference Shares are redeemable at the option of the company. They are redeemable at £1 per share and carry full voting rights.

4

Control

The company is controlled by Gillian Caroline Howard by virtue of her 100% shareholding in the company.

Page 3