Warwick Property Investments Limited - Limited company - abbreviated - 11.6
Warwick Property Investments Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2014 |
| FOR |
| WARWICK PROPERTY INVESTMENTS LIMITED |
| WARWICK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05562734) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| WARWICK PROPERTY INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 FEBRUARY 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| WARWICK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05562734) |
| ABBREVIATED BALANCE SHEET |
| 28 FEBRUARY 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| 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. |
| WARWICK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05562734) |
| ABBREVIATED BALANCE SHEET - continued |
| 28 FEBRUARY 2014 |
| The financial statements were approved by the Board of Directors on |
| WARWICK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05562734) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain |
| assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| In accordance with Statement of Standard Accounting Practice No.19, the company's properties that are held for long term |
| investment are included in the balance sheet at their open market values. The surpluses or deficits on annual revaluation of |
| such properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of |
| investment properties. Leasehold investment properties are not amortised where the unexpired term is over twenty years. |
| This policy represents a departure from the statutory accounting principles, which require depreciation to be provided on all |
| fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and |
| fair view, because current values and changes in current values are of prime importance rather than the calculation of |
| systematic annual depreciation. Depreciation is only one of many factors reflected in the annual valuation and the amount |
| which might otherwise have been shown cannot be separately identified or quantified. |
| 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 March 2013 |
| and 28 February 2014 |
| DEPRECIATION |
| At 1 March 2013 |
| Charge for year |
| At 28 February 2014 |
| NET BOOK VALUE |
| At 28 February 2014 |
| At 28 February 2013 |
| WARWICK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05562734) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2014 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 March 2013 |
| Revaluations |
| At 28 February 2014 |
| NET BOOK VALUE |
| At 28 February 2014 |
| At 28 February 2013 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2014 | 2013 |
| £ | £ |
| Repayable by instalments | 688,112 | 712,892 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | 1.00 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year the company made advances totalling £282 to Mr P Summers, a director. Mr P Summers made repayments |
| totalling £8,194 and the amount still outstanding at the year end was £3,247 (2013 - £11,158). The highest amount |
| outstanding at any one time was £11,158. Interest of £282 was charged on the loan and it was unsecured and repayable on |
| demand. |
| During the year the company made advances totalling £282 to Mr R Connolly, a director. Mr R Connolly made repayments |
| totalling £8,194 and the amount still outstanding at the year end was £3,247 (2013 - £11,158). The highest amount |
| outstanding at any one time was £11,158. Interest of £282 was charged on the loan and it was unsecured and repayable on |
| demand. |