Dobbyman Welling Limited - Abbreviated accounts 16.3

Dobbyman Welling Limited - Abbreviated accounts 16.3

DOBBYMAN WELLING LIMITED - Company Information

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REGISTERED NUMBER: 08766950 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2016

FOR

DOBBYMAN WELLING LIMITED

DOBBYMAN WELLING LIMITED (REGISTERED NUMBER: 08766950)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

DOBBYMAN WELLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTOR: M Dobby





REGISTERED OFFICE: 409-411 Croydon Road
Beckenham
Kent
BR3 3PP





REGISTERED NUMBER: 08766950 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP
Page 1
DOBBYMAN WELLING LIMITED (REGISTERED NUMBER: 08766950)

ABBREVIATED BALANCE SHEET
31 JANUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,438,113 1,200,631

CURRENT ASSETS
Debtors 275 317
Cash at bank 39,568 16,560
39,843 16,877
CREDITORS
Amounts falling due within one year 807,095 8,645
NET CURRENT (LIABILITIES)/ASSETS (767,252 ) 8,232
TOTAL ASSETS LESS CURRENT
LIABILITIES
670,861
1,208,863

CREDITORS
Amounts falling due after more than one
year
3
692,880
1,229,052
NET LIABILITIES (22,019 ) (20,189 )

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (22,119 ) (20,289 )
SHAREHOLDERS' FUNDS (22,019 ) (20,189 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
DOBBYMAN WELLING LIMITED (REGISTERED NUMBER: 08766950)

ABBREVIATED BALANCE SHEET - continued
31 JANUARY 2016


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 director on 16 January 2017 and were signed by:





M Dobby - Director


The notes form part of these abbreviated accounts

Page 3
DOBBYMAN WELLING LIMITED (REGISTERED NUMBER: 08766950)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 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).

Tangible fixed assets
No depreciation is provided in respect of freehold properties held as investment properties, which are included in
the balance sheet at open market value. The Companies Act 2006 requires all properties to be depreciated.
However, this requirement conflicts with the generally accepted accounting principal set out in the FRSSE.

The directors consider that, as these properties are not held for consumption, but for their investment potential, to
depreciate them would not give a true and fair view and therefore it is necessary to adopt the FRSSE in order to
give a true and fair view.

If this departure from the Act had not been made, the profit for the financial year would have been reduced by
depreciation. The directors consider that it would neither be practicable nor of real value to determine
depreciation in arriving at open market values.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 1,200,631
Additions 237,482
At 31 January 2016 1,438,113
NET BOOK VALUE
At 31 January 2016 1,438,113
At 31 January 2015 1,200,631

3. CREDITORS

Creditors include the following debts falling due in more than five years:

2016 2015
£    £   
Repayable otherwise than by instalments 692,880 622,567

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 4 continued...
DOBBYMAN WELLING LIMITED (REGISTERED NUMBER: 08766950)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2016

5. GOING CONCERN

The company suffered a loss for the year and so reports negative shareholders' funds.

However, the accounts have been prepared on the going concern basis due to the ongoing support of the director.

Page 5