NWG LIMITED - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03812741 (England and Wales)

Unaudited Financial Statements

for the Period 1 November 2015 to 31 December 2016

for

NWG LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H Shah

REGISTERED OFFICE:

Alpha House

646c Kingsbury Road

Kingsbury

London

NW9 9HN

REGISTERED NUMBER:

03812741 (England and Wales)

ACCOUNTANTS:

Frasers Young Limited

Chartered Certified Accountants

Alpha House

646c Kingsbury Road

Kingsbury

London

NW9 9HN

FIXED ASSETS

Tangible assets

2

2,921

-

Investment property

3

1,100,000

1,100,000

1,102,921

1,100,000

CURRENT ASSETS

Debtors

4

-

4,103

Cash at bank

400,543

45,161

400,543

49,264

CREDITORS

Amounts falling due within one year

5

(267,866

)

(693,719

)

NET CURRENT ASSETS/(LIABILITIES)

132,677

(644,455

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,235,598

455,545

CREDITORS

Amounts falling due after more than one year

6

(841,500

)

-

PROVISIONS FOR LIABILITIES

8

(96,459

)

(96,459

)

NET ASSETS

297,639

359,086

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

297,539

358,986

SHAREHOLDERS' FUNDS

297,639

359,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements were approved by the director on 29 September 2017 and were signed by:

H Shah - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with applicable United Kingdom accounting

standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the

United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements

have been prepared on the historical cost basis except for the modification to a fair value basis for certain financial

instruments as specified in the accounting policies below.

This is the first year in which the financial statements have been prepared under FRS102.

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 cost

Investment property

Investment properties are included at fair value. Gains are recognised in the statement of recognised gains and

losses the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the

property is sold.

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

Fixtures

and

fittings

£

COST

Additions

3,437

At 31 December 2016

3,437

DEPRECIATION

Charge for period

516

At 31 December 2016

516

NET BOOK VALUE

At 31 December 2016

2,921

3.	INVESTMENT PROPERTY

Cost or valuation at 31 December 2016 is represented by:

£

Valuation in 2005

617,702

Valuation in 2012

282,298

Valuation in 2015

200,000

Cost

617,702

1,717,702

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.10.15

£

£

Other debtors

-

4,103

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.10.15

£

£

Bank loans and overdrafts

-

690,575

Amounts owed to group undertakings

257,025

-

Other creditors

10,841

3,144

267,866

693,719

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.10.15

£

£

Bank loans

841,500

-

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.16

31.10.15

£

£

Bank loans

841,500

-

First Legal charge is held on the property held by the company.

8.	PROVISIONS FOR LIABILITIES

31.12.16

31.10.15

£

£

Deferred tax

96,459

96,459

Deferred

tax

£

Balance at 1 November 2015

96,459

Balance at 31 December 2016

96,459

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.10.15

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 November 2015

358,986

Deficit for the period

(61,447

)

At 31 December 2016

297,539

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2016 and the year

ended 31 October 2015:

31.12.16

31.10.15

£

£

C E Phillips

Balance outstanding at start of period

(766

)

8,127

Amounts repaid

766

(8,893

)

Balance outstanding at end of period

-

(766

)

S T Phillips

Balance outstanding at start of period

(159

)

16,977

Amounts repaid

159

(17,136

)

Balance outstanding at end of period

-

(159

)