Waybest Properties Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09508327 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 25 MARCH 2015 TO 31 MARCH 2016

FOR

WAYBEST PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Berger

REGISTERED OFFICE:

43 Filey Avenue

London

England

N16 6JL

REGISTERED NUMBER:

09508327 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

2

4,212

Investment property

3

469,696

473,908

CURRENT ASSETS

Cash at bank

4,967

CREDITORS

Amounts falling due within one year

102,656

NET CURRENT LIABILITIES

(97,689

)

TOTAL ASSETS LESS CURRENT LIABILITIES

376,219

CREDITORS

Amounts falling due after more than one year

4

397,006

NET LIABILITIES

(20,787

)

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

(20,788

)

SHAREHOLDERS' FUNDS

(20,787

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 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 6 January 2017 and were signed by:

S Berger - Director

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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

4,843

At 31 March 2016

4,843

DEPRECIATION

Charge for period

631

At 31 March 2016

631

NET BOOK VALUE

At 31 March 2016

4,212

3.	INVESTMENT PROPERTY

Total

£

COST

Additions

469,696

At 31 March 2016

469,696

NET BOOK VALUE

At 31 March 2016

469,696

4.

CREDITORS

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

£

Repayable otherwise than by instalments

397,006

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1