Wood Green Investments Limited - Accounts to registrar (filleted) - small 18.2

Wood Green Investments Limited - Accounts to registrar (filleted) - small 18.2

WOOD GREEN INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 05497555 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 September 2018

for

Wood Green Investments Limited
Davis Grant Limited
Chartered Certified Accountants
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR








Wood Green Investments Limited (Registered number: 05497555)






Contents of the Financial Statements
for the Year Ended 30 September 2018




Page

Balance Sheet 1

Notes to the Financial Statements 3


Wood Green Investments Limited (Registered number: 05497555)

Balance Sheet
30 September 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,123 1,497
Investment property 5 8,000,000 8,000,000
8,001,123 8,001,497

CURRENT ASSETS
Debtors 6 484,988 213,337
Cash at bank - 22,714
484,988 236,051
CREDITORS
Amounts falling due within one year 7 193,691 175,149
NET CURRENT ASSETS 291,297 60,902
TOTAL ASSETS LESS CURRENT
LIABILITIES
8,292,420
8,062,399

CREDITORS
Amounts falling due after more than one
year
8
(3,409,229
)
(3,267,997
)

PROVISIONS FOR LIABILITIES (599,218 ) (596,190 )
NET ASSETS 4,283,973 4,198,212

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 3,791,377 3,763,026
Retained earnings 492,496 435,086
SHAREHOLDERS' FUNDS 4,283,973 4,198,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The notes form part of these financial statements

Page 1 continued...
Wood Green Investments Limited (Registered number: 05497555)

Balance Sheet - continued
30 September 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 21 May 2019 and were signed by:





L S Gilbert - Director


The notes form part of these financial statements

Page 2
Wood Green Investments Limited (Registered number: 05497555)

Notes to the Financial Statements
for the Year Ended 30 September 2018

1. STATUTORY INFORMATION

Wood Green Investments Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address are as below:

Registered number: 05497555

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

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 Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" and the Companies Act 2006.

Turnover
Turnover represents the total invoice value of rent receivable during the year, excluding VAT where it is
charged.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred
taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,
except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Page 3 continued...
Wood Green Investments Limited (Registered number: 05497555)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2017
and 30 September 2018 5,973
DEPRECIATION
At 1 October 2017 4,476
Charge for year 374
At 30 September 2018 4,850
NET BOOK VALUE
At 30 September 2018 1,123
At 30 September 2017 1,497

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2017
and 30 September 2018 8,000,000
NET BOOK VALUE
At 30 September 2018 8,000,000
At 30 September 2017 8,000,000

Fair value at 30 September 2018 is represented by:

£   
Valuation in 2008 1,937,275
Valuation in 2014 723,890
Valuation in 2015 250,000
Valuation in 2016 236,350
Valuation in 2017 1,243,080
Cost 3,609,405
8,000,000

The investment properties were valued on a fair value basis on 30 September 2018 by the directors .

The historical cost of the investment properties that have been revalued is £3,609,405.

Page 4 continued...
Wood Green Investments Limited (Registered number: 05497555)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,716 1,716
Amounts owed by related parties 480,156 208,489
Other debtors 3,116 3,132
484,988 213,337

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 66,132 118,894
Trade creditors 9,529 481
Amounts owed to related parties 27,731 -
Taxation and social security 40,299 47,835
Other creditors 50,000 7,939
193,691 175,149

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 3,409,229 3,267,997

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,078,566 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 3,475,361 3,386,891

The bank loans are secured over all properties held by the company and a corporate debenture.

10. RESERVES
Fair
value
reserve
£   
At 1 October 2017 3,763,026
Deferred tax 28,351

At 30 September 2018 3,791,377

Page 5