Westville Family Properties Limited - Abbreviated accounts 16.1
Westville Family Properties Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 31 August 2016 |
| for |
| Westville Family Properties Limited |
| Westville Family Properties Limited (Registered number: 08648203) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 August 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Westville Family Properties Limited |
| Company Information |
| for the Year Ended 31 August 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants & Registered Auditors |
| Westville Family Properties Limited (Registered number: 08648203) |
| Abbreviated Balance Sheet |
| 31 August 2016 |
| 31/8/16 | 31/8/15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| Westville Family Properties Limited (Registered number: 08648203) |
| Abbreviated Balance Sheet - continued |
| 31 August 2016 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Westville Family Properties Limited (Registered number: 08648203) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 August 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts are prepared on a going concern basis due to the continued support of the director and |
| shareholders of the company. |
| 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 |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Income |
| Income represents rental income excluding value added tax. |
| Investment property |
| No Depreciation is provided for in respect of investment properties in accordance with the Financial |
| Reporting Standard for Smaller Entities (effective January 2015). Such properties are held for their |
| investment potential and not for consumption with the business. This is a departure from Companies |
| Act 2006 which requires that all properties be depreciated and the directors consider that to depreciate |
| them would not enable the financial statements to give a true and fair view. Investment properties are |
| stated at their market value at the balance sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2015 |
| and 31 August 2016 |
| DEPRECIATION |
| At 1 September 2015 |
| Charge for year |
| At 31 August 2016 |
| NET BOOK VALUE |
| At 31 August 2016 |
| At 31 August 2015 |
| Westville Family Properties Limited (Registered number: 08648203) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 August 2016 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 September 2015 |
| Additions |
| At 31 August 2016 |
| NET BOOK VALUE |
| At 31 August 2016 |
| At 31 August 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/8/16 | 31/8/15 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 August 2016 and |
| 31 August 2015: |
| 31/8/16 | 31/8/15 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |