North Wales Investments (UK) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04832617 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2015

for

North Wales Investments (UK) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S Ryan

SECRETARY:

D D Ryan

REGISTERED OFFICE:

Godfrey Accounting

3 Litchfield Way

Guildford

Surrey

GU2 7QL

REGISTERED NUMBER:

04832617 (England and Wales)

ACCOUNTANTS:

Godfrey Accounting

Chartered Accountants

3 Litchfield Way

Guildford

Surrey

GU2 7QL

FIXED ASSETS

Tangible assets

2

-

Investment property

3

864,983

CURRENT ASSETS

Cash at bank and in hand

4,179

4,309

CREDITORS

Amounts falling due within one year

16,262

10,532

NET CURRENT LIABILITIES

(12,083

)

(6,223

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

852,900

858,760

CREDITORS

Amounts falling due after more than one
year

4

981,816

NET LIABILITIES

(128,916

)

(123,056

)

CAPITAL AND RESERVES

Called up share capital

5

24

Share premium

149,994

Profit and loss account

(278,934

)

(273,074

)

SHAREHOLDERS' FUNDS

(128,916

)

(123,056

)

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 director acknowledges her 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 director on 21 September 2016 and were signed by:

S Ryan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

Investment properties

In accordance with Statement of Standard Accounting Practice No. 19, certain of the company's

properties are held for long-term investment and are included in the Balance Sheet at their open

market values. The surplus or deficit on revaluation of such properties are transferred to the

investment property revaluation reserve. Depreciation is not provided in respect of freehold investment

properties. Leasehold investment properties are not amortised where the unexpired term is over twenty

years.

This policy represents a departure from statutory accounting principles, which require depreciation to

be proved on all fixed assets. The director considers that this policy is necessary in order that the

Accounts may give a true and fair view because current values and changes in current values are of

prime importance rather than the calculation of systematic annual depreciation. Depreciation is only

one of many factors reflected in the valuation and the amount which might otherwise have been shown

cannot be separately identified or quantified.

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

2,530

DEPRECIATION

At 1 January 2015

and 31 December 2015

2,530

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2015

and 31 December 2015

864,983

NET BOOK VALUE

At 31 December 2015

864,983

At 31 December 2014

864,983

4.

CREDITORS

Creditors include an amount of £ 911,816 (2014 - £ 911,816 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

Repayable otherwise than by instalments

70,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

24

Ordinary

£1

24