Wee Gems Holdings Ltd - Period Ending 2014-03-31

31 March 2014

Ordinary shares of £10.00 each

WEE GEMS HOLDINGS LIMITED - Company Information

Wee Gems Holdings Ltd SC451899 false true 2013-06-10 2014-03-31 2014-03-31 SC451899 2013-06-10 2014-03-31 SC451899 2014-03-31 SC451899 uk-bus:OrdinaryShareClass1 uk-bus:Non-cumulativeShares 2014-03-31 SC451899 uk-gaap:Subsidiary1 2014-03-31 SC451899 uk-gaap:Subsidiary2 2014-03-31 SC451899 uk-bus:Director1 2013-06-10 2014-03-31 SC451899 uk-bus:OrdinaryShareClass1 uk-bus:Non-cumulativeShares 2013-06-10 2014-03-31 SC451899 uk-gaap:Subsidiary1 2013-06-10 2014-03-31 SC451899 uk-gaap:Subsidiary2 2013-06-10 2014-03-31 SC451899 uk-gaap:OfficeEquipment 2013-06-10 2014-03-31 SC451899 2013-06-09 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC451899

Wee Gems Holdings Ltd

Unaudited Abbreviated Accounts

for the Period from 10 June 2013 to 31 March 2014

Wee Gems Holdings Ltd
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 4

Wee Gems Holdings Ltd
(Registration number: SC451899)
Abbreviated Balance Sheet at 31 March 2014

	Note	31 March 2014 £
Fixed assets
Tangible fixed assets		517
Investments		330,190
		330,707
Current assets
Cash at bank and in hand		882
Creditors: Amounts falling due within one year		(142,906)
Net current liabilities		(142,024)
Total assets less current liabilities		188,683
Creditors: Amounts falling due after more than one year		(189,190)
Net liabilities		(507)
Capital and reserves
Called up share capital	3	190
Profit and loss account		(697)
Shareholders' deficit		(507)

For the year ending 31 March 2014 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.

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

Approved by the Board on 14 August 2014 and signed on its behalf by:

.........................................
Mahyar Mortazavi
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Wee Gems Holdings Ltd
Notes to the Abbreviated Accounts for the Period from 10 June 2013 to 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33% Straight Line Method

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

2	Fixed assets

	Tangible assets £	Investments £	Total £
Cost
Additions	665	330,190	330,855
At 31 March 2014	665	330,190	330,855
Depreciation
Charge for the period	148	-	148
At 31 March 2014	148	-	148
Net book value
At 31 March 2014	517	330,190	330,707

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Page 2

Wee Gems Holdings Ltd
Notes to the Abbreviated Accounts for the Period from 10 June 2013 to 31 March 2014
......... continued

Undertaking

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
Croileagan Nurseries Ltd	Ordinary	100%	childrens nursery
Wee Gems Limited	Ordinary	95%	childrens nursery

3	Share capital

Allotted, called up and fully paid shares

New shares allotted

During the period 19 Ordinary Shares having an aggregate nominal value of £190 were allotted for an aggregate consideration of £190.

4	Related party transactions

Other related party transactions

During the period the company made the following related party transactions:

Mr M Mortazavi ( Director ) During the year the above operated a loan account with the company. There is no interest payable and no repayment terms have been agreed. At the balance sheet date the amount due to Mr M Mortazavi was £2,500

Mr J B Murdoch ( Director ) During the year the above operated a loan account with the company. This loan was repaid in July 2014, whilst outstanding interest of 6% was charged. At the balance sheet date the amount due to Mr J B Murdoch was £20,000

Croileagan Nurseries Ltd ( Subsidiary ) During the year the above operated a loan account with the company. During the year the company received £16,500 of management charges and £4,220 for supply of staff recharged to Croileagan Nurseries Ltd. At the balance sheet date the amount due to Croileagan Nurseries Ltd was £93,950

Wee Gems Limited ( Subsidiary ) During the year the above operated a loan account with the company. During the year the company received £4,140 for supply of staff recharged to Wee Gems Limited. At the balance sheet date the amount due to Wee Gems Limited was £nil

Page 3

Wee Gems Holdings Ltd
Notes to the Abbreviated Accounts for the Period from 10 June 2013 to 31 March 2014
......... continued

Wee Gems Livingston Ltd ( M Mortazavi and J B Murdoch are directors in both companies ) During the year the above operated a loan account with the company. During the year the company received £4,000 of management charges and £3,642 for staff costs recharged to Wee Gems Livingston Ltd. At the balance sheet date the amount due to Wee Gems Livingston Ltd was £nil

Control

The company is controlled by Mahyar Mortazavi.

Page 4