Willbrook Properties Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03653775 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

WILLBROOK PROPERTIES LTD.

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

Mr D Tomlin

Mr J D Box

SECRETARY:

Mr D Tomlin

REGISTERED OFFICE:

Rose Garth

Billing Drive

Rawdon

Leeds

Yorkshire

LS19 6QR

REGISTERED NUMBER:

03653775 (England and Wales)

ACCOUNTANTS:

G L Barker & Co LLP

Chartered Certified Accountants

49 Austhorpe Road

Cross Gates

Leeds

LS15 8BA

BANKERS:

HSBC

13 Parliament Street

York

YO1 8XS

FIXED ASSETS

Tangible assets

4

67

79

Investment property

5

330,000

250,000

330,067

250,079

CURRENT ASSETS

Debtors

1,285

625

Cash at bank

50,769

43,097

52,054

43,722

CREDITORS

Amounts falling due within one year

15,991

15,928

NET CURRENT ASSETS

36,063

27,794

TOTAL ASSETS LESS CURRENT LIABILITIES

366,130

277,873

CREDITORS

Amounts falling due after more than one year

6

(97,655

)

(103,240

)

PROVISIONS FOR LIABILITIES

(27,795

)

(12,595

)

NET ASSETS

240,680

162,038

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

118,496

53,696

Retained earnings

122,084

108,242

SHAREHOLDERS' FUNDS

240,680

162,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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 Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 1 December 2018 and were signed on its behalf by:

Mr D Tomlin - Director

Mr J D Box - Director

1.	STATUTORY INFORMATION

Willbrook Properties Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

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

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 2 ).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

and 31 March 2018

2,389

DEPRECIATION

At 1 April 2017

2,310

Charge for year

12

At 31 March 2018

2,322

NET BOOK VALUE

At 31 March 2018

67

At 31 March 2017

79

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

250,000

Revaluations

80,000

At 31 March 2018

330,000

NET BOOK VALUE

At 31 March 2018

330,000

At 31 March 2017

250,000

Fair value at 31 March 2018 is represented by:

£

Valuation in 2006

173,421

Valuation in 2010

(42,130

)

Valuation in 2011

(65,000

)

Valuation in 2018

80,000

Cost

183,709

330,000

Investment property was valued on an open market basis on 31 March 2018 by a directors a member of the RICS.

.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.18

31.3.17

£

£

Repayable by instalments

Bank loans more 5 yr by instal

66,700

66,700

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

£

£

Bank loans

105,359

110,944

The Beverley Building Society loan is secured on 1,Kerry Street,Leeds and the HSBC loan is secured on 98 and

100 Town Street, Leeds.

8.

RESERVES

Fair

value

reserve

£

At 1 April 2017

53,696

Investment property

64,800

At 31 March 2018

118,496

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Willbrook Properties Ltd. for the year ended 31 March 2018 which comprise the Profit and Loss

Account, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Willbrook Properties Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Willbrook Properties Ltd. and state those matters that we have agreed to state to the Board of Directors of Willbrook Properties Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Willbrook Properties Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Willbrook Properties Ltd.. You consider that Willbrook Properties Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Willbrook Properties Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

G L Barker & Co LLP

Chartered Certified Accountants

49 Austhorpe Road

Cross Gates

Leeds

LS15 8BA

4 December 2018