WORTHTAMA_INVESTMENTS_LIM - Accounts

WORTHTAMA INVESTMENTS LIMITED - Company Information

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Company Registration No. 00671677 (England and Wales)

WORTHTAMA INVESTMENTS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

WORTHTAMA INVESTMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WORTHTAMA INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,501,526

1,501,940

Investments

1,100

1,502,626

1,503,040

Current assets

Debtors

407,678

311,451

Cash at bank and in hand

70,722

84,925

478,400

396,376

Creditors: amounts falling due within one year

(451,771)

(368,129)

Net current assets

26,629

28,247

Total assets less current liabilities

1,529,255

1,531,287

Capital and reserves

Called up share capital

100

Revaluation reserve

1,463,227

Profit and loss account

65,928

67,960

Shareholders' funds

1,529,255

1,531,287

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 December 2014

S Florey

Director

Company Registration No. 00671677

WORTHTAMA INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for rental income during the year.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Improvements to Property

10% on cost

Fixtures, fittings & equipment

10% on cost

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 April 2013 & at 31 March 2014

1,578,292

1,100

1,579,392

Depreciation

At 1 April 2013

76,352

Charge for the year

414

At 31 March 2014

76,766

Net book value

At 31 March 2014

1,501,526

1,100

1,502,626

At 31 March 2013

1,501,940

1,100

1,503,040

WORTHTAMA INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100