WILLINGHAM_PARTNERSHIP_LT - Accounts
WILLINGHAM_PARTNERSHIP_LT - Accounts
Company Registration No. 08820003 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Stocks
Debtors
Cash at bank and in hand
-
Creditors: amounts falling due within one year
2
(2,108,502 )
(390,657 )
Total assets less current liabilities
(265,231 )
Creditors: amounts falling due after more than one year
3
-
(882,747 )
(265,231)
(79,261)
Capital and reserves
Called up share capital
4
Profit and loss account
(265,331 )
(79,361 )
Shareholders' funds
(265,231 )
(79,261 )
Directors' responsibilities:
-
-
Approved by the Board for issue on 28 September 2016
Director
Company Registration No. 08820003
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The company is currently undertaking a development which is expected to ultimately be profitable. The development work is funded by bank facilities and other loans which the directors expect to be in place until completion of the project. The directors therefore consider it appropriate to prepare the financial statement on a going concern basis.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
2
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £1,676,643 (2014 - £0).
3
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £882,747).
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid