Wirral Letting Company Limited - Period Ending 2016-05-31

Registration number: 06594663

Wirral Letting Company Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

Stubbs Parkin
Chartered Accountants
55 Hoghton Street
Southport
Merseyside
PR9 0PG

Wirral Letting Company Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Wirral Letting Company Limited
(Registration number: 06594663)
Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £						2015 £
	£			£			£			£
Fixed assets
Tangible fixed assets								318,793						322,237
Current assets
Cash at bank and in hand					9,535						510
Creditors: Amounts falling due within one year					(95,549)						(66,419)
Net current liabilities								(86,014)						(65,909)
Total assets less current liabilities								232,779						256,328
Creditors: Amounts falling due after more than one year								(226,337)						(259,555)
Net assets/(liabilities)								6,442						(3,227)
Capital and reserves
Called up share capital		4			100						100
Profit and loss account					6,342						(3,327)
Shareholders' funds/(deficit)								6,442						(3,227)

For the year ending 31 May 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 30 March 2017 and signed on its behalf by:

.........................................
M Reynolds
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Wirral Letting Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	1% Straight line basis

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2015		344,427			344,427
At 31 May 2016		344,427			344,427
Depreciation
At 1 June 2015		22,190			22,190
Charge for the year		3,444			3,444
At 31 May 2016		25,634			25,634
Net book value
At 31 May 2016		318,793			318,793
At 31 May 2015		322,237			322,237

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2016 £			2015 £
After more than five years by instalments		156,940			259,555

Page 2

Wirral Letting Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3