Wren General Merchants Limited - Accounts to registrar (filleted) - small 18.2
Wren General Merchants Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2017 |
| FOR |
| WREN GENERAL MERCHANTS LIMITED |
| WREN GENERAL MERCHANTS LIMITED (REGISTERED NUMBER: 00696609) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| WREN GENERAL MERCHANTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST DECEMBER 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Mercury House |
| 19-21 Chapel Street |
| Marlow |
| Buckinghamshire |
| SL7 3HN |
| WREN GENERAL MERCHANTS LIMITED (REGISTERED NUMBER: 00696609) |
| BALANCE SHEET |
| 31ST DECEMBER 2017 |
| 31.12.17 | 31.12.16 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Revaluation reserve | 10 |
| Other reserves | 10 |
| Retained earnings | 10 |
| 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 Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| WREN GENERAL MERCHANTS LIMITED (REGISTERED NUMBER: 00696609) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| Wren General Merchants Limited is a |
| 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 shown in the profit and loss is represented by rental income recieved in the accounting period. |
| Tangible fixed assets |
| Computer equipment | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1st January 2017 |
| Disposals | ( |
) |
| At 31st December 2017 |
| DEPRECIATION |
| At 1st January 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st December 2017 |
| NET BOOK VALUE |
| At 31st December 2017 |
| At 31st December 2016 |
| WREN GENERAL MERCHANTS LIMITED (REGISTERED NUMBER: 00696609) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2017 |
| 5. | FIXED ASSET INVESTMENTS |
| 31.12.17 | 31.12.16 |
| as restated |
| £ | £ |
| Loans to group undertakings |
| Participating interests |
| Additional information is as follows: |
| Interest |
| in other |
| participating |
| interests |
| £ |
| COST |
| At 1st January 2017 |
| and 31st December 2017 | 84,000 |
| NET BOOK VALUE |
| At 31st December 2017 | 84,000 |
| At 31st December 2016 | 84,000 |
| Loans to |
| group |
| undertakings |
| £ |
| At 1st January 2017 |
| and 31st December 2017 |
| Loan to subsidiary, Fortaleza, based in Portugal, is only repayable on the sale of the property held within the |
| Portuguese company. |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st January 2017 |
| and 31st December 2017 |
| NET BOOK VALUE |
| At 31st December 2017 |
| At 31st December 2016 |
| Fair value at 31st December 2017 is represented by: |
| £ |
| Valuation in 2008 | 476,837 |
| Cost | 23,163 |
| 500,000 |
| WREN GENERAL MERCHANTS LIMITED (REGISTERED NUMBER: 00696609) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2017 |
| 6. | INVESTMENT PROPERTY - continued |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 31.12.17 | 31.12.16 |
| as restated |
| £ | £ |
| Cost | 23,163 | 23,163 |
| Investment property was valued on an open market basis on 31st December 2017 by the directors of the company |
| . |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.17 | 31.12.16 |
| as restated |
| £ | £ |
| Trade debtors |
| Amounts owed by participating interests | 158,452 | 187,110 |
| Other debtors |
| Prepayments and accrued income |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.17 | 31.12.16 |
| as restated |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 1,142 | 1,158 |
| Accruals and deferred income |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.17 | 31.12.16 |
| value: | as restated |
| £ | £ |
| Ordinary | £0.00 | 1 | 24 | 24 |
| 10. | RESERVES |
| Retained | Revaluation | Other |
| earnings | reserve | reserves | Totals |
| £ | £ | £ | £ |
| At 1st January 2017 | 1,863,102 |
| Profit for the year |
| Transfer | 26,074 | - | (26,074 | ) | - |
| At 31st December 2017 | 1,883,276 |
| WREN GENERAL MERCHANTS LIMITED (REGISTERED NUMBER: 00696609) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2017 |
| 11. | RELATED PARTY DISCLOSURES |
| Wren General Merchants Limited owns 50% of the issued share capital of Burgau Fortaleza LDA. Income of |
| £16,560 (2016: £17,980) was recognised in the profit and loss account, in respect of income recieved from |
| Burgau Fortaleza LDA. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mrs H Lawes. |