WAINSFORT PROPERTIES LIMITED - Accounts 2014

WAINSFORT PROPERTIES LIMITED - Accounts 2014

WAINSFORT PROPERTIES LIMITED - Company Information

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2013-03-012014-02-2805710047falsetruehttp://www.companieshouse.gov.uk/cd:Director12013-03-012014-02-28http://www.companieshouse.gov.uk/pt:LandBuildings2013-03-012014-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-03-012014-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-02-28http://www.companieshouse.gov.uk/2012-02-292013-02-28http://www.companieshouse.gov.uk/2013-03-012014-02-28http://www.companieshouse.gov.uk/2013-02-28http://www.companieshouse.gov.uk/2014-02-28http://www.companieshouse.gov.uk/pt:LandBuildings2013-02-28http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-03-012014-02-28http://www.companieshouse.gov.uk/pt:LandBuildings2014-02-28http://www.companieshouse.gov.uk/2013-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05710047
WAINSFORT PROPERTIES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28/02/2014
Prepared By:
The Accounts Company.com
Chartered Accountants
Unit 1 City Point
156 Chapel Street
Manchester
Greater Manchester
M3 6BF

WAINSFORT PROPERTIES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28/02/2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts4
The company's registered number is 05710047

WAINSFORT PROPERTIES LIMITED
Registered Number: 05710047
BALANCE SHEET AT 28/02/2014
20142013
Notes££
FIXED ASSETS
Tangible assets2544,950620,980
CURRENT ASSETS
Stock-323
Debtors (amounts falling due within one year)31421,978
Cash at bank and in hand11,7269,240
11,86811,541
CREDITORS: Amounts falling due within one year22,71027,291
NET CURRENT LIABILITIES(10,842)(15,750)
TOTAL ASSETS LESS CURRENT LIABILITIES534,108605,230
CREDITORS: Amounts falling due after more than one year4619,779619,800
NET LIABILITIES(85,671)(14,570)
CAPITAL AND RESERVES
Called up share capital511
Revaluation reserve1g,6(76,030)-
Profit and loss account(9,642)(14,571)
SHAREHOLDERS' FUNDS(85,671)(14,570)

WAINSFORT PROPERTIES LIMITED
Registered Number: 05710047
For the year ending 28/02/2014 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 13/11/2014 and signed on their behalf by
Sean GAUGHRAN
Director

WAINSFORT PROPERTIES LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1g. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 6).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.

WAINSFORT PROPERTIES LIMITED
2. TANGIBLE FIXED ASSETS
Land And
BuildingsTotal
££
Cost
At 01/03/2013620,980620,980
Revaluation(76,030)(76,030)
At 28/02/2014544,950544,950
Depreciation
At 28/02/2014--
Net Book Amounts
At 28/02/2014544,950544,950
At 28/02/2013620,980620,980
3. DEBTORS 20142013
££
Amounts falling due within one year:
Trade debtors142-
Other Tax-1,978
1421,978

WAINSFORT PROPERTIES LIMITED
4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20142013
££
Bank loans and overdrafts619,779619,800
619,779619,800
5. SHARE CAPITAL 20142013
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
6. REVALUATION RESERVE 20142013
££
Revaluation reserve(76,030)-
(76,030)-
The revalution of Yew Tree Close and Stratford Road were carried out by Chloe Gabbatt an employee of Farrell Heyworth Ltd. The revalution of Starkey Street was carried out by Carol Henderson an employee of Andrew Kelly & Associates. The revalution of The Wicheries was carried out by David Warburton an employee of your move. The revalution of Lees Road, Bolton Road and River Street were carried out by David Hodgkinson an employee of Pugh & Company. All properties have been valued based on an open market value.