Wood Green Investments Limited - Limited company - abbreviated - 11.0.0
Wood Green Investments Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 October 2013 |
| for |
| Wood Green Investments Limited |
| Wood Green Investments Limited (Registered number: 05497555) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 October 2013 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 3 |
| Wood Green Investments Limited (Registered number: 05497555) |
| Abbreviated Balance Sheet |
| 31 October 2013 |
| 2013 | 2012 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| Wood Green Investments Limited (Registered number: 05497555) |
| Abbreviated Balance Sheet - continued |
| 31 October 2013 |
| The financial statements were approved by the Board of Directors on |
| Wood Green Investments Limited (Registered number: 05497555) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 October 2013 |
| 1. | ACCOUNTING POLICIES |
| 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 April |
| 2008) |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| Turnover |
| Turnover represents the total invoice value of rent receivable during the year, excluding VAT where it is |
| charged. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investment property |
| In accordance with the FRSSE, investment properties are revalued annually and the aggregate surplus or deficit |
| is transferred to the revaluation reserve. No depreciation is provided in respect of investment properties. |
| The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the |
| generally accepted accounting principle set out in the FRSSE. The directors consider that, as these properties are |
| not held for consumption, but for their investment potential, to depreciate them would not give a true and fair |
| view, and that it is necessary to adopt the FRSSE in order to give a true and fair view. |
| If this departure from the Act had not been made, the profit for the financial year would have been reduced by |
| depreciation. However, the amount of depreciation cannot reasonably be quantified because depreciation is only |
| one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown |
| cannot be separately identified or quantified. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| Additions |
| At 31 October 2013 |
| DEPRECIATION |
| Charge for year |
| At 31 October 2013 |
| NET BOOK VALUE |
| At 31 October 2013 |
| Wood Green Investments Limited (Registered number: 05497555) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 October 2013 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 November 2012 |
| and 31 October 2013 |
| NET BOOK VALUE |
| At 31 October 2013 |
| At 31 October 2012 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2013 | 2012 |
| value: | £ | £ |
| Ordinary | £1 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the year ended 31 October 2013 and the period |
| ended 31 October 2012: |
| 2013 | 2012 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) |
| 7. | CONTINGENT ASSET |
| The company has claimed that it was mis-sold a financial product by its bank. The company is negotiating |
| redress with the bank and it is probable that an approximate amount of £430,000 will be received in interest and |
| compensation. |