REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 May 2016 |
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Wanrobe Investments Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 May 2016 |
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for |
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Wanrobe Investments Limited |
Wanrobe Investments Limited (Registered number: SC042780) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 May 2016 |
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Page |
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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 |
Wanrobe Investments Limited |
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Company Information |
for the Year Ended 31 May 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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Wanrobe Investments Limited (Registered number: SC042780) |
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Abbreviated Balance Sheet |
31 May 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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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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CREDITORS |
Amounts falling due after more than one
year |
5 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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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. |
Wanrobe Investments Limited (Registered number: SC042780) |
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Abbreviated Balance Sheet - continued |
31 May 2016 |
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The financial statements were approved by the Board of Directors on
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Wanrobe Investments Limited (Registered number: SC042780) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 May 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The company's forecast and projections, taking account of reasonable changes in trading performance, indicate |
that the company plans to operate within cash generated. The Board of Directors confirms that, after making |
appropriate enquiries, it has reasonable expectation that the company has adequate resources to continue in |
operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in |
preparing these Financial Statements. |
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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 rental income receivable from tenants, factoring and commission. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
market value is transferred to a revaluation reserve. |
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Investment properties are accounted for in accordance with Statement of Standard Accounting Practice |
("SSAP") 19, "Accounting for Investment Properties" and are revalued to open market value. Changes in |
market value are reflected in the revaluation reserve except where an impairment is deemed to be permanent, |
when the loss is charged directly against the current year's profit. |
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No depreciation is provided in respect of investment properties. This treatment is a departure from the |
requirements of the Companies Act 2006 which requires all properties to be depreciated. However, the directors |
consider that these properties are not held for consumption but for investment and that to depreciate them would |
not give a true and fair view. The amount of depreciation which might otherwise have been charged cannot be |
separately identified or quantified as it is not practical to assess the estimated useful lives for investment |
properties. |
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Deferred tax |
No provision has been made for deferred tax on gains recognised on revaluing investment property to its market |
value. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
Wanrobe Investments Limited (Registered number: SC042780) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 May 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 June 2015 |
and 31 May 2016 |
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DEPRECIATION |
At 1 June 2015 |
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Charge for year |
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At 31 May 2016 |
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NET BOOK VALUE |
At 31 May 2016 |
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At 31 May 2015 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
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loans |
£ |
COST |
At 1 June 2015 |
and 31 May 2016 |
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NET BOOK VALUE |
At 31 May 2016 |
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At 31 May 2015 |
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4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 June 2015 |
and 31 May 2016 |
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NET BOOK VALUE |
At 31 May 2016 |
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At 31 May 2015 |
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5. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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2016 | 2015 |
£ | £ |
Repayable by instalments | 8,163 | 18,853 |
Wanrobe Investments Limited (Registered number: SC042780) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 May 2016 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted and issued: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 May 2016 and |
31 May 2015: |
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2016 | 2015 |
£ | £ |
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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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Balance outstanding at end of year |
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The loan was repaid in full after the year end. |