REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 APRIL 2016 |
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FOR |
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WE RENT SPACE LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 APRIL 2016 |
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FOR |
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WE RENT SPACE LIMITED |
WE RENT SPACE LIMITED (REGISTERED NUMBER: 03794329) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 30 April 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
WE RENT SPACE LIMITED |
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COMPANY INFORMATION |
for the Year Ended 30 April 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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Chartered Accountants |
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BANKERS: |
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WE RENT SPACE LIMITED (REGISTERED NUMBER: 03794329) |
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ABBREVIATED BALANCE SHEET |
30 April 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
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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. |
WE RENT SPACE LIMITED (REGISTERED NUMBER: 03794329) |
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ABBREVIATED BALANCE SHEET - continued |
30 April 2016 |
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The financial statements were approved by the Board of Directors on
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WE RENT SPACE LIMITED (REGISTERED NUMBER: 03794329) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 30 April 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
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Turnover |
Turnover represents net rents and service charges receivable, excluding value added tax. |
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Tangible fixed assets |
Tangible fixed assets are included at cost or valuation. |
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Depreciation is provided at the following rates in order to write off the cost less estimated residual value of each |
asset over its estimated useful life. |
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Land | - | not provided |
Investment property | - | not provided |
Fixtures and fittings | - | 25% on reducing balance |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Investment property |
In accordance with FRSSE, (i) investment properties are revalued annually and the aggregate surplus or deficit is |
taken to the statement of recognised gains and losses (being movement on an investment revaluation reserve), |
unless a deficit (or its reversal) is expected to be permanent, in which case it is charged (or credited) to the profit |
and loss account, and (ii) no depreciation or amortisation is provided in respect of freehold investment properties |
and leasehold investment properties with over twenty years to run. The treatment under (ii) above is a departure |
from the requirement of the Companies Act 2006 which requires that depreciation is charged to write off the |
value of the investment properties, less any residual value, over the period of the asset's useful economic life. |
The directors consider that the accounting policy adopted is necessary for the financial statements to give a true |
and fair view. The annual revaluation is carried out by the directors on an open market basis supported by |
external professional valuations. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 May 2015 |
and 30 April 2016 |
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DEPRECIATION |
At 1 May 2015 |
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Charge for year |
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At 30 April 2016 |
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NET BOOK VALUE |
At 30 April 2016 |
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At 30 April 2015 |
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3. | CREDITORS |
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Creditors include an amount of £
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WE RENT SPACE LIMITED (REGISTERED NUMBER: 03794329) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 30 April 2016 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary 'A' | £1 |
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Ordinary 'B' | £1 |
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200 | 200 |
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Ordinary A and B shares rank pari passu in all respects. |