Water End Properties Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03632469 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

WATER END PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S D Smith

J M Streule

SECRETARY:

J M Streule

REGISTERED OFFICE:

Water End Farm

Water End

Eversholt

Milton Keynes

MK17 9EA

REGISTERED NUMBER:

03632469 (England and Wales)

ACCOUNTANTS:

80K Limited

45 Day's Lane

Biddenham

Bedford

Bedfordshire

MK40 4AE

FIXED ASSETS

Tangible assets

2

1,629

1,643

Investments

3

2,715,020

2,716,649

2,716,663

CURRENT ASSETS

Work in progress

25,322

Debtors

16,850

18,227

Cash at bank

14,141

33,963

56,313

77,512

CREDITORS

Amounts falling due within one year

(360,382

)

(303,150

)

NET CURRENT LIABILITIES

(304,069

)

(225,638

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,412,580

2,491,025

CREDITORS

Amounts falling due after more than one year

4

(500,000

)

(500,000

)

NET ASSETS

1,912,580

1,991,025

CAPITAL AND RESERVES

Called up share capital

5

100

Investment revaluation reserve

956,866

Profit and loss account

955,614

1,034,059

SHAREHOLDERS' FUNDS

1,912,580

1,991,025

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 29 September 2016 and were signed on its behalf by:

J M Streule - Director

S D Smith - 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 and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

Investments

Investment property is stated at market value, based on directors' valuation. Investment in subsidiary is stated at cost.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

37,203

Additions

349

At 31 December 2015

37,552

DEPRECIATION

At 1 January 2015

35,560

Charge for year

363

At 31 December 2015

35,923

NET BOOK VALUE

At 31 December 2015

1,629

At 31 December 2014

1,643

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

At 1 January 2015

and 31 December 2015

2,715,020

NET BOOK VALUE

At 31 December 2015

2,715,020

At 31 December 2014

2,715,020

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Water End Properties (Ampthill) Limited

Nature of business: Property development

%

Class of shares:

holding

Ordinary

100.00

2015

2014

£

Aggregate capital and reserves

2

The company has been dormant since incorporation.

4.

CREDITORS

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

2015

2014

£

Repayable otherwise than by instalments

500,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100