Finance Wise Investments Limited - Abbreviated accounts

Finance Wise Investments Limited - Abbreviated accounts


Registered number
06047830
Finance Wise Investments Limited
Abbreviated Accounts
31 March 2016
Finance Wise Investments Limited
Registered number: 06047830
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 123,518 123,518
Investments 3 7,071 7,071
130,589 130,589
Current assets
Debtors 360 300
Cash at bank and in hand 3,415 4,960
3,775 5,260
Creditors: amounts falling due within one year (2,518) (1,772)
Net current assets 1,257 3,488
Total assets less current liabilities 131,846 134,077
Creditors: amounts falling due after more than one year (131,018) (135,643)
Net assets/(liabilities) 828 (1,566)
Capital and reserves
Called up share capital 4 1 1
Profit and loss account 827 (1,567)
Shareholder's funds 828 (1,566)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Amardeep S Longani
Director
Approved by the board on 11 December 2016
Finance Wise Investments Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
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 rent received from all the properties.
2 Tangible fixed assets £
Cost
At 1 April 2015 123,518
At 31 March 2016 123,518
Depreciation
At 31 March 2016 -
Net book value
At 31 March 2016 123,518
At 31 March 2015 123,518
3 Investments £
Cost
At 1 April 2015 7,071
At 31 March 2016 7,071
4 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 1 1
Finance Wise Investments Limited 06047830 false true 2015-04-01 2016-03-31 2016-03-31 Amardeep S Longani 06047830 uk-bus:OrdinaryShareClass1 2015-03-31 06047830 2015-04-01 2016-03-31 06047830 uk-bus:Director40 2015-04-01 2016-03-31 06047830 uk-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 06047830 2016-03-31 06047830 uk-bus:OrdinaryShareClass1 2016-03-31 06047830 2015-03-31 iso4217:GBP xbrli:shares