Abbreviated Company Accounts - WILLIAM EWART PROPERTIES LIMITED

WILLIAM EWART PROPERTIES LIMITED - Company Information

NI007096 WILLIAM EWART PROPERTIES LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true NI007096 2015-07-01 2016-06-30 NI007096 2016-06-30 NI007096 2015-06-30 NI007096 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 NI007096 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number NI007096

WILLIAM EWART PROPERTIES LIMITED

Abbreviated Accounts

30 June 2016

WILLIAM EWART PROPERTIES LIMITED Registered Number NI007096

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	300,621	24,301,729
Investments	3	-	155,287
		300,621	24,457,016
Current assets
Stocks		750,000	1,215,000
Debtors		1,261,982	246,014
Cash at bank and in hand		1,983,620	2,799,246
		3,995,602	4,260,260
Creditors: amounts falling due within one year	4	(35,865,505)	(70,061,988)
Net current assets (liabilities)		(31,869,903)	(65,801,728)
Total assets less current liabilities		(31,569,282)	(41,344,712)
Accruals and deferred income		(66,634)	(1,296,357)
Total net assets (liabilities)		(31,635,916)	(42,641,069)
Capital and reserves
Called up share capital	5	8,270,692	8,270,692
Share premium account		666,596	666,596
Profit and loss account		(40,573,204)	(51,578,357)
Shareholders' funds		(31,635,916)	(42,641,069)

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 March 2017

And signed on their behalf by:
Andrew Creighton, Director

WILLIAM EWART PROPERTIES LIMITED Registered Number NI007096

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover, which excludes VAT, represents the sale of trading and development properties together with rental income, property management fees and management fees charged to group undertakings and arises entirely in the United Kingdom.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life.

2Tangible fixed assets

	£
Cost
At 1 July 2015	25,984,069
Additions	-
Disposals	(24,795,080)
Revaluations	-
Transfers	-
At 30 June 2016	1,188,989
Depreciation
At 1 July 2015	1,682,340
Charge for the year	3,584
On disposals	(797,556)
At 30 June 2016	888,368
Net book values
At 30 June 2016	300,621
At 30 June 2015	24,301,729

3Fixed assets Investments
All investments were disposed of during the year

4Creditors

	2016 £	2015 £
Secured Debts	31,975,147	57,366,981

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
33,082,768 Ordinary shares of £0.25 each	8,270,692	8,270,692