WCR Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05405813 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

WCR INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Wallace ARICS

W J Record

SECRETARY:

K D Saunby ACIS

REGISTERED OFFICE:

Aspen House

13 Highpoint Business Village

Henwood

ASHFORD

Kent

TN24 8DH

REGISTERED NUMBER:

05405813 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

CURRENT ASSETS

Stocks

4

740,106

1,347,288

Debtors

5

169,051

18,089

Cash at bank

14,280

33,272

923,437

1,398,649

CREDITORS

Amounts falling due within one year

6

2,135,344

3,200,190

NET CURRENT LIABILITIES

(1,211,907

)

(1,801,541

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,211,907

)

(1,801,541

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(1,212,007

)

(1,801,641

)

SHAREHOLDERS' FUNDS

(1,211,907

)

(1,801,541

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 5 September 2018 and were signed on its behalf by:

W J Record - Director

1.	STATUTORY INFORMATION

WCR 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.

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.

Turnover

Turnover represents net invoiced sales of land and buildings, excluding value added tax.

Stocks

Stock represents the cost of land and buildings held for resale and associated development costs excluding

financing costs and is valued at the lower of cost and net realisable value.

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, adjusted for group relief, 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 2 (2017 - 2 ) .

4.

STOCKS

2018

2017

£

£

Stocks

740,106

1,347,288

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

3,182

-

Sundry debtors

165,869

18,089

169,051

18,089

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

600,000

Trade creditors

37,004

4,460

Amounts owed to group undertakings

2,054,828

2,556,721

Corporation tax

21,543

-

Social security and other taxes

-

6,643

Accruals

21,969

32,366

2,135,344

3,200,190

7.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

-

600,000

The bank loan is secured by a fixed and floating charge over the assets of WCR Investments Limited.

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

9.	CONTINGENT LIABILITIES

10.	GOING CONCERN