JW Willesden Ltd
JW Willesden Ltd
Registered number: 09073188
Unaudited Financial Statements
For The Year Ended 30 June 2017
JW Willesden Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Statement of Changes in Equity | 3 |
| Notes to the Financial Statements | 4—5 |
JW Willesden Ltd
Balance Sheet
As at
30 June 2017
Balance Sheet
Registered number:
09073188
For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Stocks | 6 |
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| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 77,946 | 75,120 | |||
Page 1
JW Willesden Ltd
Balance Sheet (continued)
As at
30 June 2017
Directors' responsibilities:
-
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account
On behalf of the board
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The notes on pages 4 to 5 form part of these financial statements.
Page 2
JW Willesden Ltd
Statement of Changes in Equity
For The Year Ended 30 June 2017
Statement of Changes in Equity
| Share Capital | Profit & Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 July 2015 |
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32,182 |
| Profit for the year and total comprehensive income | - |
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42,938 |
| As at 30 June 2016 and 1 July 2016 |
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75,120 |
| Profit for the year and total comprehensive income | - |
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2,826 |
| As at |
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77,946 |
Page 3
JW Willesden Ltd
Notes to the Unaudited Accounts
For The Year Ended 30 June 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard 102 for Smaller Entities (effective April 2008).
1.2.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
The stock in the company is one commercial property, rented to a tenant until 31 December 2016, whereupon the site has planning for a residential development and the directors hope to start the development as soon as practical.
1.3.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
4.
Average number of employees
Average number of employees, including directors, during the year was as follows:
| 2017 | 2016 | ||
|---|---|---|---|
| Office and administration |
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6.
Stocks
| 2017 | 2016 | ||
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| £ | £ | ||
| Stock - work in progress |
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The stock is one commercial site in North london that has planning for residential development.
7.
Debtors
| 2017 | 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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Page 4
JW Willesden Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 June 2017
8.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Corporation tax |
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| VAT | - |
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| Accruals and deferred income |
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| Amounts owed to associates |
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10.
Related Party Transactions
CP Finance (Cavendish Personnel Ltd)
Common directors
The related party provides accounting services to the company and in 2017 charged £1,000 (2016 : £1,000). The amount owing at the year end was £1,000 (2016 : £nil).
Wedge Investments Ltd
Common directors and owners
The related party provides funding for various aspects of the development project until funding from a third party is in place. It also charged £10,000 in management fees (2016 : £nil) for work related to the development property. The amount owed to the related party at the year end was £909,361 (2016 : £854,478)
11.
Controlling Party
The company's controlling party is James Wedge by virtue of his ownership of 60% of the issued share capital in the company.
12.
General Information
JW Willesden Ltd Registered number 09073188 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 11, Worton Court, Worton Hall Ind Estate, Worton Road, Isleworth, Middlesex, TW7 6ER.
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