Walmer Place Estate Company Limited - Limited company - abbreviated - 11.6
Walmer Place Estate Company Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 30 JUNE 2016 |
| FOR |
| WALMER PLACE ESTATE COMPANY LIMITED |
| WALMER PLACE ESTATE COMPANY LIMITED (REGISTERED NUMBER: 02166501) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 JUNE 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Report of the Accountants | 4 |
| WALMER PLACE ESTATE COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| WALMER PLACE ESTATE COMPANY LIMITED (REGISTERED NUMBER: 02166501) |
| ABBREVIATED BALANCE SHEET |
| 30 JUNE 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Share premium |
| 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. |
| The financial statements were approved by the Board of Directors on by: |
| WALMER PLACE ESTATE COMPANY LIMITED (REGISTERED NUMBER: 02166501) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 JUNE 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 April 2008). |
| Turnover |
| Turnover represents ground rent receivable. |
| Tangible fixed assets |
| Land and buildings | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Freehold investment property |
| The company holds the reversionary interest in the property that comprises Walmer Place, Walmer, Deal, Kent |
| together with the buildings erected thereon. The reversionary interest in the freehold has not been depreciated in |
| the accounts in accordance with the Companies Act 1985, for the overriding purpose of giving a true and fair |
| view, as in the opinion of the Directors, the reversionary interest has not suffered any impairment in value. If the |
| interest was to be depreciated over 50 years, in common with other freehold property, a depreciation charge of |
| £323 per annum would be charged to the profit and loss account. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2015 |
| and 30 June 2016 |
| NET BOOK VALUE |
| At 30 June 2016 |
| At 30 June 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 4. | INVESTMENT |
| The Company owned 225 HBOS Ordinary shares which were received free of charge when the building society |
| was floated on the stock exchange. This was converted into 142 shares in Lloyds Banking Group plc when the |
| banks merged. The market value of this shareholding at 30 June 2016 was £77. |
| WALMER PLACE ESTATE COMPANY LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| WALMER PLACE ESTATE COMPANY LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three) |
| have been prepared. |
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2016 set out on pages nil to nil and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 3 November 2016 |