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REGISTERED NUMBER:
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THE WETHERED ESTATE LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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REGISTERED NUMBER:
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THE WETHERED ESTATE LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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THE WETHERED ESTATE LIMITED (REGISTERED NUMBER: 03122935) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 December 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 | to | 4 |
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THE WETHERED ESTATE LIMITED |
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COMPANY INFORMATION |
For The Year Ended 31 December 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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42 High Street |
Flitwick |
Bedfordshire |
MK45 1DU |
THE WETHERED ESTATE LIMITED (REGISTERED NUMBER: 03122935) |
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BALANCE SHEET |
31 December 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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General reserves | 7 |
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Other reserves | 7 |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the Board of Directors on
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THE WETHERED ESTATE LIMITED (REGISTERED NUMBER: 03122935) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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The Wethered Estate Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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There were no material departures from that standard. |
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The principal accounting policies adopted in the preparation of the financial statements are set out below and |
have remained unchanged from the previous year, and have also been consistently applied within the same |
accounts. |
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Transition to FRS 102 |
These financial statements for the year ended 31 December 2016 are the first financial statements that comply |
with FRS 102 Section 1A small entities. The date of transition is 1 January 2016. |
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The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting |
policies to those used previously, however there has been no material impact on the financial statements. |
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Turnover |
Income represents the amount receivable from residents in respect of levies raised in order to recover service |
charge costs. |
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Tangible fixed assets |
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Freehold Land & Buildings - Nil |
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3. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
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COST |
At 1 January 2016 |
and 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Service charge debtors | 33,366 | 63,298 |
Other debtors |
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Balancing charge adjustment | 1,511 | - |
Prepayments and accrued income |
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THE WETHERED ESTATE LIMITED (REGISTERED NUMBER: 03122935) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 December 2016 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Service charge creditors |
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Other creditors |
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Accrued expenses |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary Shares | £1 | 48 | 47 |
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7. | RESERVES |
Retained | General | Other |
earnings | reserves | reserves | Totals |
£ | £ | £ | £ |
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At 1 January 2016 |
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67,875 |
Profit for the year |
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- | - |
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Contribution to/from reserves | - | 79,269 | - | 79,269 |
At 31 December 2016 |
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147,144 |
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1. General reserves relate to the reserve fund held for longer term maintenance. |
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2. Other reserves relate to the purchase of freehold property for a nominal value of £1. |