Abbreviated Company Accounts - WYKEHURST INVESTMENTS LTD

WYKEHURST INVESTMENTS LTD - Company Information

07831816 WYKEHURST INVESTMENTS LTD 2016-03-31 false 2015-04-01 2016-03-31 true 07831816 2015-04-01 2016-03-31 07831816 2016-03-31 07831816 2015-03-31 07831816 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07831816 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 07831816

WYKEHURST INVESTMENTS LTD

Abbreviated Accounts

31 March 2016

WYKEHURST INVESTMENTS LTD Registered Number 07831816

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,990	1,253
Investments	3	703,260	440,000
		705,250	441,253
Current assets
Cash at bank and in hand		2,888	2,642
		2,888	2,642
Creditors: amounts falling due within one year		(621,787)	(359,952)
Net current assets (liabilities)		(618,899)	(357,310)
Total assets less current liabilities		86,351	83,943
Total net assets (liabilities)		86,351	83,943
Capital and reserves
Called up share capital	4	99	99
Revaluation reserve		64,623	64,623
Profit and loss account		21,629	19,221
Shareholders' funds		86,351	83,943

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 2 August 2016

And signed on their behalf by:
J H Rose, Director

WYKEHURST INVESTMENTS LTD Registered Number 07831816

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents rental income receivable from investment properties.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 25% reducing balance basis

Valuation information and policy
The investment property is revalued annually at its open market value in accordance with FRSSE (effective April 2008). Any surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit permanently reduces the property below its historical cost, in which case it is taken to the profit and loss account.
No depreciation is provided on the investment property which is a departure from the equirements of the Companies Act 2006. In the opinion of the director the property is held primarily for its investment potential and so to depreciate it would not give a true and fair view. The provisions of FRSSE (effective April 2008) in respect of investment properties have therefore been adopted in order to give a true and fair view

2Tangible fixed assets

	£
Cost
At 1 April 2015	2,228
Additions	1,400
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	3,628
Depreciation
At 1 April 2015	975
Charge for the year	663
On disposals	-
At 31 March 2016	1,638
Net book values
At 31 March 2016	1,990
At 31 March 2015	1,253

3Fixed assets Investments
The historical cost of the investment properties is £638,637 and was revalued in the year ended 31 March 2015 to £703,260. The valuation was undertaken by the directors, based on their opinion of the current market value.

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £99 each	99	99