| Registered Number:SC221870 |
For the year ended 31 August 2019
Scotland
Unaudited Financial Statements
Wife.com Limited
Statement of Financial Position
31/8/2018
31/8/2019
| Property, plant and equipment |
1,066,581
1,066,581
1
1,066,581
1,066,581
| Trade and other receivables |
153,234
153,234
2
579
| Cash and cash equivalents |
579
153,813
153,813
| Trade and other payables: amounts falling due within one |
| year |
(198,879)
(198,879)
3
(45,066)
(45,066)
Net current liabilities
| Total assets less current liabilities |
1,021,515
1,021,515
| Trade and other payables: amounts falling due after more |
| than one year |
(323,816)
(323,816)
4
697,699
Net assets
697,699
1
1
458,978
458,978
5
238,720
238,720
697,699
697,699
Shareholders' funds
| The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 August 2019. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 31 May 2020 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 August 2019
Wife.com Limited
Notes to the Financial Statements
Statutory Information
| Wife.com Limited is a private limited company, limited by shares, domiciled in Scotland, registration number |
| SC221870. |
252 Union Street
Aberdeen
Aberdeenshire
AB10 1TN
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
| The company''s freehold properties were professionally valued in 0. This valuation has been reduced by subsequent |
| depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective |
| January 2015) the properties continue to be stated at that valuation less accumulated depreciation to date and that |
| valuation has not been updated. |
| No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
| 1. Property, plant and equipment |
1,066,581
1,066,581
1,066,581
1,066,581
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For the year ended 31 August 2019
Wife.com Limited
Notes to the Financial Statements Continued
| 2. Trade and other receivables |
31/8/2018
31/8/2019
153,234
153,234
| The debtors above include the following amounts falling due after more than one year: |
153,234
153,234
| 3. Trade and other payables: amounts falling due within one year |
31/8/2018
31/8/2019
| Bank loans and overdraft (secured) |
24,000
24,000
1
1
| Taxation and social security |
6,080
6,080
168,798
168,798
198,879
198,879
| 4. Trade and other payables: amounts falling due after more than one year |
31/8/2018
31/8/2019
| Bank loans and overdraft (secured) |
306,553
306,553
17,263
17,263
323,816
323,816
| Revaluation reserve at 01 September 2018 |
458,978
458,978
| Revaluation reserve at 31 August 2019 |
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