Walrond Holdings Limited - Accounts to registrar

REGISTERED NUMBER: 03979952 (England and Wales)

Walrond Holdings Limited

Abridged Unaudited Financial Statements for the Year Ended 31 December 2015

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J P J Walrond

M J Walrond

REGISTERED OFFICE:

14 Wessex Park

Somerton Business Park

SOMERTON

Somerset

TA11 6SB

REGISTERED NUMBER:

03979952 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

National Westminster Bank plc

9 York Buildings

Cornhill

Bridgwater

Somerset

TA6 3BA

FIXED ASSETS

Tangible assets

4

1,071,526

1,052,879

Investments

5

100,000

1,171,526

1,152,879

CURRENT ASSETS

Debtors: amounts falling due within one year

1,048

10,810

Cash at bank

2,793

724

3,841

11,534

CREDITORS

Amounts falling due within one year

184,840

124,474

NET CURRENT LIABILITIES

(180,999

)

(112,940

)

TOTAL ASSETS LESS CURRENT

LIABILITIES

990,527

1,039,939

CREDITORS

Amounts falling due after more than one

year

(270,944

)

(297,000

)

PROVISIONS FOR LIABILITIES

(68,469

)

(68,241

)

NET ASSETS

651,114

674,698

CAPITAL AND RESERVES

Called up share capital

100,000

Investment revaluation reserve

7

350,838

349,045

Capital redemption reserve

100,001

Retained earnings

100,275

125,652

SHAREHOLDERS' FUNDS

651,114

674,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 December 2015 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 8 August 2016 and were signed on its behalf by:

J P J Walrond - Director

1.	STATUTORY INFORMATION

Walrond Holdings Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

These financial statements for the year ended 31 December 2015 are the first financial statement that comply

with FRS 102. The date of transition is 1 January 2014.

The transition to FRS 102 has resulted in some changes to accounting policies to those previously used by the

entity. The nature of these changes and their impact on opening equity and profit for the comparative year are

explained in the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Walrond Holdings Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

No depreciation is provided on investment properties which in the opinion of the Directors, is necessary for the

financial statements to give a true and fair view in accordance with applicable accounting standards, as properties

are included at their fair value.

Deferred tax

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

statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 January 2015

1,109,600

Additions

19,644

At 31 December 2015

1,129,244

DEPRECIATION

At 1 January 2015

56,721

Charge for year

997

At 31 December 2015

57,718

NET BOOK VALUE

At 31 December 2015

1,071,526

At 31 December 2014

1,052,879

Cost or valuation at 31 December 2015 is represented by:

Totals

£

Valuation in 2014

1,047,682

Cost

81,562

1,129,244

If Freehold investment property had not been revalued it would have been included at the following historical

cost:

31.12.15

31.12.14

£

Cost

658,359

638,715

Value of land in freehold land and buildings

46,545

Freehold investment property was valued on an open market basis on 31 December 2015 by the directors of the company

.

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2015

and 31 December 2015

100,000

NET BOOK VALUE

At 31 December 2015

100,000

At 31 December 2014

100,000

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.15

31.12.14

£

Bank loans

304,082

333,000

Bank loans and overdrafts are secured on the assets of the company.

7.

RESERVES

Investment

revaluation

reserve

£

At 1 January 2015

349,045

Transfer of realised profits

1,793

At 31 December 2015

350,838

Walrond Holdings Limited - Accounts to registrar - small 16.1.1

Walrond Holdings Limited - Accounts to registrar - small 16.1.1