COMPANY REGISTRATION NUMBER:
West of England Investors Limited
for the Year Ended 31 March 2019
Moorgate House
King Street
Newton Abbot
Devon
TQ12 2LG
West of England Investors Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
West of England Investors Limited
Company Information
Directors |
Mrs J Harrison Mr G Harrison |
Company secretary |
Mrs J Harrison |
Registered office |
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Accountants |
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West of England Investors Limited
(Registration number: 00864138)
Balance Sheet as at 31 March 2019
Note |
2019 |
(As restated) |
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Current assets |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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West of England Investors Limited
(Registration number: 00864138)
Balance Sheet as at 31 March 2019
For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the profit and loss has been taken.
Approved and authorised for issue by the
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Director
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West of England Investors Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling and rounded to the nearest full £.
Reclassification of comparative amounts
Tax
The tax expense for the period comprises current tax and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
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West of England Investors Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Borrowings are interest free and have no set date of repayment.
Share capital
Ordinary shares are classified as equity.
Financial instruments
Classification
Recognition and measurement
Listed investment fair value is determined by reference to market values of the shares held.
Impairment
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
2019 |
2018 |
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Other debtors |
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West of England Investors Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
Current asset investments |
2019 |
2018 |
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Other investments |
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Listed investments
Investments having a net book value of £4,536,628 (31 March 2018 - £4,423,464 ) are listed on a recognised stock exchange and had a market value of £1,279,840 at the end of the year (31 March 2018 - £1,160,403).
Creditors |
Creditors: amounts falling due within one year
Note |
2019 |
2018 |
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Due within one year |
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Loans and borrowings |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
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No. |
£ |
No. |
£ |
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1,220 |
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1,220 |
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West of England Investors Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
Related party transactions |
Transactions with directors |
2019 |
At 1 April 2018 |
Advances to directors |
Repayments by director |
At 31 March 2019 |
The directors - interest free |
(23,117) |
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( |
( |
Financial instruments |
Categorisation of financial instruments
2019 |
2018 |
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Financial assets measured at fair value through profit or loss |
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Financial assets measured at fair value
Corporate Bonds
Corporate bonds fair value is determined by reference to the surrender value on the underlying policies
The fair value is £2,930,275
(2018 - £2,925,044)
and the change in value included in profit or loss is
£
43,710
(2018 - £104,545)
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Listed investments
Listed investments fair value is determined by refernce to market value of the shares held
The fair value is £1,279,840
(2018 - £1,160,403)
and the change in value included in profit or loss is
£
83,102
(2018 - £(13,458))
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Non adjusting events after the financial period |
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