Wrencon Developments Limited - Abbreviated accounts 16.3
Wrencon Developments Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Wrencon Developments Limited |
| Abbreviated Unaudited Accounts for the Year Ended 30 April 2016 |
| Wrencon Developments Limited (Registered number: 02192113) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 April 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Wrencon Developments Limited |
| Company Information |
| for the Year Ended 30 April 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Wrencon Developments Limited (Registered number: 02192113) |
| Abbreviated Balance Sheet |
| 30 April 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| 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. |
| Wrencon Developments Limited (Registered number: 02192113) |
| Abbreviated Balance Sheet - continued |
| 30 April 2016 |
| The financial statements were approved by the Board of Directors on on its behalf by: |
| Wrencon Developments Limited (Registered number: 02192113) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 April 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance |
| with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents amounts chargeable, net of value added tax, in respect of rent received from the |
| tenants of property owned by the company. |
| Tangible fixed assets |
| Freehold land and buildings have not been depreciated, contrary to the Financial Reporting Standard |
| for Smaller Entities and the Companies Act 2006. The directors carry out an annual impairment |
| review on the assets and consider that the value of the freehold land which the buildings occupy |
| exceeds the value at which they are stated in the accounts. Consequently, the directors do not |
| consider it appropriate to provide for depreciation of the freehold land and buildings in the company's |
| financial statements. |
| Work in progress |
| Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete |
| and slow moving stocks. Net realisable value is based on selling price less anticipated costs to |
| completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and |
| variable overheads. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual |
| arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is |
| any contract that evidences a residual interest in the assets of the company after deducting all of its |
| liabilities. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 May 2015 |
| Disposals | ( |
) |
| At 30 April 2016 |
| NET BOOK VALUE |
| At 30 April 2016 |
| At 30 April 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |