Wenmark Property Investments Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 00973302 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2017

for

WENMARK PROPERTY INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S C Roberts

Mrs R J Roberts

S Wills

D Wiills

SECRETARY:

D Wiills

REGISTERED OFFICE:

6 Baron Way

Off Lime Avenue

Kingswood

Henley on Thames

Oxfordshire

RG9 5WA

REGISTERED NUMBER:

00973302 (England and Wales)

ACCOUNTANTS:

Avalon Accounting Limited

Equity House

4-6 School Road

Tilehurst

Reading

Berkshire

RG31 5AL

FIXED ASSETS

Tangible assets

4

832

1,110

Investments

5

340

340

Investment property

6

495,000

495,000

496,172

496,450

CURRENT ASSETS

Debtors

7

534

524

Cash at bank

4,535

3,188

5,069

3,712

CREDITORS

Amounts falling due within one year

8

(3,079

)

(1,258

)

NET CURRENT ASSETS

1,990

2,454

TOTAL ASSETS LESS CURRENT LIABILITIES

498,162

498,904

PROVISIONS FOR LIABILITIES

(166

)

(222

)

NET ASSETS

497,996

498,682

CAPITAL AND RESERVES

Called up share capital

9

4

4

Revaluation reserve

10

42,227

42,227

Retained earnings

10

455,765

456,451

SHAREHOLDERS' FUNDS

497,996

498,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 July 2017 and were signed on its behalf by:

S C Roberts - Director

1.	STATUTORY INFORMATION

Wenmark Property Investments Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2016

and 31 May 2017

11,055

DEPRECIATION

At 1 June 2016

9,945

Charge for year

278

At 31 May 2017

10,223

NET BOOK VALUE

At 31 May 2017

832

At 31 May 2016

1,110

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 June 2016

and 31 May 2017

340

NET BOOK VALUE

At 31 May 2017

340

At 31 May 2016

340

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2016

and 31 May 2017

495,000

NET BOOK VALUE

At 31 May 2017

495,000

At 31 May 2016

495,000

Cost or valuation at 31 May 2017 is represented by:

£

Valuation in 2015

495,000

If investment property had not been revalued it would have been included at the following historical cost:

31.5.17

31.5.16

£

£

Cost

470,000

470,000

Investment property was valued on an open market basis on 31 May 2013 by the Directors. .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Prepayments

534

524

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Tax

2,239

-

Social security and other taxes

-

442

Accrued expenses

840

816

3,079

1,258

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.17

31.5.16

value:

£

£

4

Ordinary

£1

4

4

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 June 2016

456,451

42,227

498,678

Profit for the year

9,314

9,314

Dividends

(10,000

)

(10,000

)

At 31 May 2017

455,765

42,227

497,992

11.	RELATED PARTY DISCLOSURES

During the year the following dividends were paid to the directors of the company:

- Mr. Steven Roberts: £5,000 in respect of 2 Ordinary shares (PY - Nil).

- Mrs. Sally Ann Wills : £5,000 in respect of 2 Ordinary shares (PY - Nil).