Warnford Leasing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00877798 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2018

for

Warnford Leasing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D L Warnford-Davis

REGISTERED OFFICE:

Boston House

Boston Road

Henley-on-Thames

Oxfordshire

RG9 1DY

REGISTERED NUMBER:

00877798 (England and Wales)

ACCOUNTANTS:

Villars Hayward LLP

Chartered Accountants

Chartered Tax Advisers and Registered Auditors

Boston House

Henley-On-Thames

RG9 1DY

CURRENT ASSETS

Debtors

4

1,875

8,779

Cash at bank

34,314

25,784

36,189

34,563

CREDITORS

Amounts falling due within one year

5

36,145

34,750

NET CURRENT ASSETS/(LIABILITIES)

44

(187

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44

(187

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(56

)

(287

)

SHAREHOLDERS' FUNDS

44

(187

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 6 November 2018 and were signed by:

D L Warnford-Davis - Director

1.	STATUTORY INFORMATION

Warnford Leasing 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and

other sales taxes.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they

are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively

enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered

against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Other debtors

1,875

8,779

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Taxation and social security

2,760

1,506

Other creditors

33,385

33,244

36,145

34,750

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2018 and 30 September 2017:

30.9.18

30.9.17

£

£

D L Warnford-Davis

Balance outstanding at start of year

6,904

7,500

Amounts repaid

(7,029

)

(596

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(125

)

6,904

7.	RELATED PARTY DISCLOSURES

At 30.09.2018 and at 30.09.2017 the company owed £31,445 to Mrs Warnford-Davis (now deceased), the mother of D L

Warnford-Davis.

8.	ULTIMATE CONTROLLING PARTY

D L Warnford-Davis, controlled the company throughout the current and previous years by virtue of his 100% shareholding in the

company.