Wynngate Developments Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07792216 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 29 MARCH 2016

FOR

WYNNGATE DEVELOPMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P. Cook

M. Cook

SECRETARY:

P. Cook

REGISTERED OFFICE:

6th Floor

Charles House

108-110 Finchley Road

London

NW3 5JJ

REGISTERED NUMBER:

07792216 (England and Wales)

ACCOUNTANTS:

Numera Partners LLP

6th Floor

Charles House

108-110 Finchley Road

London

NW3 5JJ

CURRENT ASSETS

Stocks

2,682,563

1,801,440

Debtors

871,334

553,371

Cash at bank and in hand

186

220

3,554,083

2,355,031

CREDITORS

Amounts falling due within one year

2

3,666,931

2,361,410

NET CURRENT LIABILITIES

(112,848

)

(6,379

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(112,848

)

(6,379

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(112,850

)

(6,381

)

SHAREHOLDERS' FUNDS

(112,848

)

(6,379

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 December 2016 and were signed on its behalf by:

M. Cook - Director

P. Cook - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis. The applicability of this policy is dependent upon the

continued support of the creditors and financiers of the company.

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).

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

2.

CREDITORS

Creditors include an amount of £ 2,197,431 (29.3.15 - £ 1,400,234 ) for which security has been given.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.3.16

29.3.15

value:

£

£

2

Ordinary

£1

2

2

4.	CONTROLLING PARTIES

The company is a wholly owned subsidiary of Wynngate Holdings (UK) Limited, a company incorporated in England &

Wales. Wynngate Holdings (UK) Limited is under the control of its shareholders, M Cook and P Cook.

5.	BASIS OF PREPARATION

The financial statements have been prepared on a going concern basis. The applicability of this policy is dependent upon the

continued support of the creditors and financiers of the company. At the balance sheet date, the company had net liabilities of

£112,848 and reported a loss of £106,469. In the opinion of the directors, the company has the support of its creditors and

financiers for the foreseeable future and it is therefore considered appropriate to adopt the going concern policy.