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REGISTERED NUMBER:
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WEST LONDON INVESTMENT PROPERTIES LTD |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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31 MARCH 2017 |
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REGISTERED NUMBER:
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WEST LONDON INVESTMENT PROPERTIES LTD |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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31 MARCH 2017 |
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WEST LONDON INVESTMENT PROPERTIES LTD (REGISTERED NUMBER: 07959444) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 MARCH 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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WEST LONDON INVESTMENT PROPERTIES LTD |
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COMPANY INFORMATION |
for the Year Ended 31 MARCH 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered accountants |
York House |
Empire Way |
Wembley |
Middlesex |
HA9 0FQ |
WEST LONDON INVESTMENT PROPERTIES LTD (REGISTERED NUMBER: 07959444) |
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BALANCE SHEET |
31 MARCH 2017 |
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31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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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 | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Revaluation reserve | 10 |
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Retained earnings | 10 |
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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 |
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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 Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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WEST LONDON INVESTMENT PROPERTIES LTD (REGISTERED NUMBER: 07959444) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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WEST LONDON INVESTMENT PROPERTIES LTD is a
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Wales. The company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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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 Standards 102 "The Financial Reporting Standard applicable in the Uk and Republic of Ireland" and the |
Companies Act 2006. The financial statements have been prepared on the historical cost basis, as modified by the revaluation |
of certain financial assets and liabilities and investment properties measured at Fair value through profit or loss. |
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The financial statements are prepared in sterling, which is the functional currency of the entity. |
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Tangible fixed assets |
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Office equipment | - |
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Fixtures and fittings | - |
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3. | TANGIBLE FIXED ASSETS |
Fixtures |
Office | and |
equipment | fittings | Totals |
£ | £ | £ |
COST |
At 1 April 2016 |
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Additions |
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At 31 March 2017 |
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DEPRECIATION |
At 1 April 2016 |
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Charge for year |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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4. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 April 2016 |
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Additions |
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Revaluations | (33,948 | ) |
At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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WEST LONDON INVESTMENT PROPERTIES LTD (REGISTERED NUMBER: 07959444) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 MARCH 2017 |
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4. | INVESTMENT PROPERTY - continued |
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Cost or valuation at 31 March 2017 is represented by: |
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£ |
Valuation in 2014 | 125,463 |
Valuation in 2017 | (33,948 | ) |
Cost | 3,933,485 |
4,025,000 |
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If investment properties had not been revalued they would have been included at the following historical cost: |
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31.3.17 | 31.3.16 |
£ | £ |
Cost | 3,933,485 | 3,911,960 |
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Investment Properties were valued on an open market basis on 31 March 2017 by the Directors . |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans and overdrafts |
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Corporation tax |
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Directors' current accounts | 3,301,837 | 3,301,977 |
Accrued expenses |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans - 2-5 years |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.3.17 | 31.3.16 |
£ | £ |
Bank loans |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.17 | 31.3.16 |
value: | £ | £ |
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Ordinary | £1 | 10,000 | 10,000 |
WEST LONDON INVESTMENT PROPERTIES LTD (REGISTERED NUMBER: 07959444) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 MARCH 2017 |
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10. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 April 2016 |
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229,063 |
Profit for the year |
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Revaluation Reserves | 33,948 | (33,948 | ) | - |
At 31 March 2017 |
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296,441 |
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11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 March 2017 and 31 March 2016: |
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31.3.17 | 31.3.16 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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12. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Mrs J A O'Donnell. |
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13. | SECURED DEBTS |
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The Bank Loan is secured via a legal charge by Barclays Bank PLC registered against the properties at 80 Hatfield Road and |
44a/44b Chiswick Lane. |
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14. | FIRST YEAR ADOPTION |
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These are the first financial statements which comply with FRS 102. The company transitioned to FRS 102 1A on 1st April |
2016. |
No transitional adjustments were required in equity or profit or loss for the year. |
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