| Wyastone Estate Ltd |
| Registered number: |
04307466 |
| Abbreviated Balance Sheet |
| as at 31 December 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
5,442 |
|
|
6,350 |
| Tangible assets |
3 |
|
|
2,161,743 |
|
|
2,187,131 |
|
|
|
|
2,167,185 |
|
|
2,193,481 |
|
| Current assets |
| Stocks |
|
|
79,249 |
|
|
71,733 |
| Debtors |
|
|
278,259 |
|
|
325,237 |
| Cash at bank and in hand |
|
|
30,353 |
|
|
76,713 |
|
|
|
387,861 |
|
|
473,683 |
|
| Creditors: amounts falling due within one year |
|
|
(281,006) |
|
|
(297,836) |
|
| Net current assets |
|
|
|
106,855 |
|
|
175,847 |
|
| Total assets less current liabilities |
|
|
|
2,274,040 |
|
|
2,369,328 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(1,384,186) |
|
|
(1,417,986) |
|
| Provisions for liabilities |
|
|
|
(8,128) |
|
|
(3,195) |
|
|
| Net assets |
|
|
|
881,726 |
|
|
948,147 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1,000 |
|
|
1,000 |
| Revaluation reserve |
|
|
|
1,162,207 |
|
|
1,162,207 |
| Profit and loss account |
|
|
|
(281,481) |
|
|
(215,060) |
|
| Shareholders' funds |
|
|
|
881,726 |
|
|
948,147 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| A D Smith |
| Director |
| Approved by the board on 30 September 2016 |
|
| Wyastone Estate Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Goodwill |
|
Goodwill is written off in equal instalments over its useful economic life of 20 years. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Freehold property |
6.25% straight line |
|
Leasehold property |
over the terms of the lease (95 years) |
|
Plant and machinery |
25% reducing balance |
|
Master tapes |
5% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
18,150 |
|
At 31 December 2015 |
18,150 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2015 |
11,800 |
|
Provided during the year |
908 |
|
At 31 December 2015 |
12,708 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
5,442 |
|
At 31 December 2014 |
6,350 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
2,690,352 |
|
Additions |
39,257 |
|
At 31 December 2015 |
2,729,609 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
503,221 |
|
Charge for the year |
64,645 |
|
At 31 December 2015 |
567,866 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
2,161,743 |
|
At 31 December 2014 |
2,187,131 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
A J Farmer |
|
Long term loan |
(242,399) |
|
6,924 |
|
(2,376) |
|
(237,851) |
|
|
G A J Reynolds |
|
Long term loan |
(32,187) |
|
1,750 |
|
(118,124) |
|
(148,561) |
|
|
M A Reynolds |
|
Long term loan |
(315,289) |
|
246,437 |
|
(2,700) |
|
(71,552) |
|
|
A D Smith |
|
Long term loan |
(19,984) |
|
82 |
|
(128,900) |
|
(148,802) |
|
|
|
(609,859) |
|
255,193 |
|
(252,100) |
|
(606,766) |
|
|
|
|
|
|
|
|
|
