Sir Humphrey Wakefield + Partners Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 01397477 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

SIR HUMPHREY WAKEFIELD + PARTNERS

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Sir E H T Wakefield

Lady K Wakefield

M E V Wakefield

J H B Wakefield

REGISTERED OFFICE:

Victoria House

Bondgate Within

Alnwick

Northumberland

NE66 1TA

REGISTERED NUMBER:

01397477 (England and Wales)

ACCOUNTANTS:

Greaves Grindle

Chartered Accountants

Victoria House

Bondgate Within

Alnwick

Northumberland

NE66 1TA

FIXED ASSETS

Tangible assets

2

605,187

606,039

CURRENT ASSETS

Stocks

9,457

11,393

Debtors

19,204

15,781

Cash at bank and in hand

39,660

62,592

68,321

89,766

CREDITORS

Amounts falling due within one year

33,430

44,592

NET CURRENT ASSETS

34,891

45,174

TOTAL ASSETS LESS CURRENT LIABILITIES

640,078

651,213

CREDITORS

Amounts falling due after more than one year

(566,749

)

(565,951

)

PROVISIONS FOR LIABILITIES

(12,053

)

(10,089

)

NET ASSETS

61,276

75,173

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

61,176

75,073

SHAREHOLDERS' FUNDS

61,276

75,173

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 September 2016 and were signed on its behalf by:

Sir E H T Wakefield - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents rents receivable, shop takings and takings from events and furniture sales, excluding value

added tax.

Tangible fixed assets

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

Fixtures, fittings and equipment

-

15% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Depreciation

Depreciation is not charged on long leasehold property, freehold land and timber or castle antiques as in the

opinion of the directors, the recoverable amount exceeds the cost.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

825,160

Additions

13,461

At 31 December 2015

838,621

DEPRECIATION

At 1 January 2015

219,121

Charge for year

14,313

At 31 December 2015

233,434

NET BOOK VALUE

At 31 December 2015

605,187

At 31 December 2014

606,039

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100