Martin-Woolman Management Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 08485672 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2016

for

Martin-Woolman Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs L Gallafent

C T Davies

REGISTERED OFFICE:

Unit 12, Martinfield Business Centre

Martinfield

Welwyn Garden City

Hertfordshire

AL7 1HG

REGISTERED NUMBER:

08485672 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Investments

3

522,100

522,100

CREDITORS

Amounts falling due within one year

4

375,899

520,461

NET CURRENT LIABILITIES

(375,899

)

(520,461

)

TOTAL ASSETS LESS CURRENT LIABILITIES

146,201

1,639

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

146,101

1,539

SHAREHOLDERS' FUNDS

146,201

1,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 November 2016 and were signed on its behalf by:

Mrs L Gallafent - Director

1.	STATUTORY INFORMATION

Martin-Woolman Management Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Changes in accounting policies

These financial statements for the year ended 31 March 2016 are the first financial statements that comply with

FRS 102 Section 1A Small Entities. The date of transition is 1 April 2014.

The transition to FRS 102 Section 1A Small Entities has not resulted in any changes in accounting policies to

those used previously.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Deferred tax

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

balance sheet date.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2015

and 31 March 2016

522,100

NET BOOK VALUE

At 31 March 2016

522,100

At 31 March 2015

522,100

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Amounts owed to group undertakings

251,528

261,896

Taxation and social security

871

385

Other creditors

123,500

258,180

375,899

520,461

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends were paid to the following;

2015

2015

£

£

L Gallafent

59,816

44,570

C Davies

59,816

44,570

119,632

89,140

6.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £251,528 (2015: £261,896) to Martin Woolman Limited, a 100%

subsidiary undertaking.

Management fees of £10,000 (2015: £20,000) were charged in the year to Martin Woolman Limited.

Dividend income totalling £262,250 (2015: £89,140 ) was received from Martin Woolman Limited in the year.

7.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.