WELLFIELD ESTATES LTD

WELLFIELD ESTATES LTD

WELLFIELD ESTATES LTD - Company Information

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WELLFIELD ESTATES LTD

Company Registration Number:
04620210 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2020

Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

WELLFIELD ESTATES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2020

Balance sheet
Notes

WELLFIELD ESTATES LTD

Balance sheet

As at 31 December 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 760,169 761,964
Total fixed assets: 760,169 761,964
Current assets
Debtors:   375,483 375,483
Cash at bank and in hand: 176,615 132,407
Total current assets: 552,098 507,890
Creditors: amounts falling due within one year:   (31,308) (28,854)
Net current assets (liabilities): 520,790 479,036
Total assets less current liabilities: 1,280,959 1,241,000
Creditors: amounts falling due after more than one year:   (100,253) (127,064)
Total net assets (liabilities): 1,180,706 1,113,936
Capital and reserves
Called up share capital: 4 4
Revaluation reserve:4151,859151,859
Profit and loss account: 1,028,843 962,073
Shareholders funds: 1,180,706 1,113,936

The notes form part of these financial statements

WELLFIELD ESTATES LTD

Balance sheet statements

For the year ending 31 December 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 June 2021
and signed on behalf of the board by:

Name: Joe Heifetz
Status: Director

The notes form part of these financial statements

WELLFIELD ESTATES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

WELLFIELD ESTATES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

2. Employees

2020 2019
Average number of employees during the period 22 21

WELLFIELD ESTATES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

3. Tangible Assets

Total
Cost £
At 01 January 2020 763,387
At 31 December 2020 763,387
Depreciation
At 01 January 2020 1,423
Charge for year 1,795
At 31 December 2020 3,218
Net book value
At 31 December 2020 760,169
At 31 December 2019 761,964

WELLFIELD ESTATES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

4. Revaluation reserve

2020
£
Balance at 01 January 2020 151,859
Surplus or deficit after revaluation 0
Balance at 31 December 2020 151,859