Wrencon Developments Limited - Accounts to registrar (filleted) - small 17.3
Wrencon Developments Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Wrencon Developments Limited |
| Unaudited Financial Statements for the Year Ended 30 April 2017 |
| Wrencon Developments Limited (Registered number: 02192113) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Wrencon Developments Limited |
| Company Information |
| for the Year Ended 30 April 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 3 Southernhay West |
| Exeter |
| Devon |
| EX1 1JG |
| Wrencon Developments Limited (Registered number: 02192113) |
| Balance Sheet |
| 30 April 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | 8 | ( |
) | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Wrencon Developments Limited (Registered number: 02192113) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2017 |
| 1. | STATUTORY INFORMATION |
| Wrencon Developments Limited is a |
| 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 |
| Turnover |
| Turnover represents amounts chargeable, net of value added tax, in respect of rent received from the |
| tenants of property owned by the company and the proceeds of any sale of property developed by the |
| company. |
| Tangible fixed assets |
| Freehold land and buildings have not been depreciated, contrary to the Financial Reporting Standard |
| for Smaller Entities and the Companies Act 2006. The directors carry out an annual impairment |
| review on the assets and consider that the value of the freehold land which the buildings occupy |
| exceeds the value at which they are stated in the accounts. Consequently, the directors do not |
| consider it appropriate to provide for depreciation of the freehold land and buildings in the company's |
| financial statements. |
| Stocks and work in progress |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after due regard |
| for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated |
| costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of |
| fixed and variable overheads. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual |
| arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is |
| any contract that evidences a residual interest in the assets of the company after deducting all of its |
| liabilities. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Land and |
| buildings |
| £ |
| COST |
| At 1 May 2016 |
| and 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| Wrencon Developments Limited (Registered number: 02192113) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| VAT |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| VAT | 1,275 | - |
| Other creditors |
| Directors' current accounts | 47,800 | - |
| Accruals |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 May 2016 | ( |
) |
| Profit for the year |
| At 30 April 2017 | ( |
) |
| 9. | CONTINGENT LIABILITIES |
| The company has given an unlimited guarantee in respect of all monies owed by Wrencon Limited, a |
| company under common management, to its bankers. |
| Wrencon Limited has given an unlimited guarantee in respect of all monies owed by Wrencon |
| Developments Limited to its bankers. |
| 10. | FIRST YEAR ADOPTION |
| The date of transition to FRS 102 was 1 May 2015. There were no changes to accounting policies or |
| adjustments to comparative figures as a result of transition to FRS 102. |