WELLSFORD INVESTMENTS LIMITED - Accounts to registrar (filleted) - small 17.3

WELLSFORD INVESTMENTS LIMITED - Accounts to registrar (filleted) - small 17.3

WELLSFORD INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 00693901 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

WELLSFORD INVESTMENTS LIMITED
WELLSFORD INVESTMENTS LIMITED (REGISTERED NUMBER: 00693901)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


WELLSFORD INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTOR: S Lew





SECRETARY: Mrs M H Lew





REGISTERED OFFICE: 6 Moresby Road
Clapton
London
E5 9LF





REGISTERED NUMBER: 00693901 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
WELLSFORD INVESTMENTS LIMITED (REGISTERED NUMBER: 00693901)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 118 158
Investment property 5 562,459 473,796
562,577 473,954

CURRENT ASSETS
Debtors 5,450 6,593
Cash at bank and in hand 1,220 291
6,670 6,884
CREDITORS
Amounts falling due within one year 167,104 90,816
NET CURRENT LIABILITIES (160,434 ) (83,932 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
402,143
390,022

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 6 378,081 378,081
Other reserves 9,629 9,629
Retained earnings 14,333 2,212
SHAREHOLDERS' FUNDS 402,143 390,022

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 notes form part of these financial statements

Page 2 continued...
WELLSFORD INVESTMENTS LIMITED (REGISTERED NUMBER: 00693901)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2017


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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 director on 12 February 2018 and were signed by:





S Lew - Director


The notes form part of these financial statements

Page 3
WELLSFORD INVESTMENTS LIMITED (REGISTERED NUMBER: 00693901)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

WELLSFORD 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.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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 have been enacted or
substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2016
and 31 March 2017 5,000
DEPRECIATION
At 1 April 2016 4,842
Charge for year 40
At 31 March 2017 4,882
NET BOOK VALUE
At 31 March 2017 118
At 31 March 2016 158

Page 4 continued...
WELLSFORD INVESTMENTS LIMITED (REGISTERED NUMBER: 00693901)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016 473,796
Additions 88,663
At 31 March 2017 562,459
NET BOOK VALUE
At 31 March 2017 562,459
At 31 March 2016 473,796

6. RESERVES
Revaluation
reserve
£   
At 1 April 2016
and 31 March 2017 378,081

Page 5