T. Worthington & Son (Properties) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04429109 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

T. Worthington & Son (Properties)

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T M Worthington

T D Worthington

SECRETARY:

T M Worthington

REGISTERED OFFICE:

1 Kings Road

Llandovery

Carmarthenshire

SA20 0AW

REGISTERED NUMBER:

04429109 (England and Wales)

ACCOUNTANTS:

Guilfoyle Sage LLP

21 Gold Tops

Newport

South Wales

NP20 4PG

FIXED ASSETS

Tangible assets

2

591,642

Investments

3

-

591,642

CURRENT ASSETS

Cash at bank

1,183

315

CREDITORS

Amounts falling due within one year

318,163

318,541

NET CURRENT LIABILITIES

(316,980

)

(318,226

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

274,662

273,416

CREDITORS

Amounts falling due after more than one
year

186,250

191,250

NET ASSETS

88,412

82,166

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

88,312

82,066

SHAREHOLDERS' FUNDS

88,412

82,166

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 28 February 2017 and were signed on
its behalf by:

T D Worthington - Director

T M Worthington - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis as the directors believe that

the company will be able to obtain sufficient funding to secure the continued financing of the

company's activities for the foreseeable future.

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

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

Land and buildings

-

not provided

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 June 2015

and 31 May 2016

591,642

NET BOOK VALUE

At 31 May 2016

591,642

At 31 May 2015

591,642

3.	FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

T Worthington & Son Town & Country Property Services Ltd

Nature of business: Property letting and property sale agents

%

Class of shares:

holding

Ordinary

100.00

31.5.16

31.5.15

£

Aggregate capital and reserves

(23,030

)

(23,050

)

Profit for the year

20

1,452

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

100

Ordinary

1

100