WREN_PAVILLION_LIMITED - Accounts

WREN PAVILLION LTD - Company Information

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Company Registration No. 06425097 (England and Wales)

WREN PAVILLION LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

WREN PAVILLION LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WREN PAVILLION LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

307,340

Current assets

Debtors

3,191

116

Cash at bank and in hand

1,577

4,768

116

Creditors: amounts falling due within one year

(281,039)

(250,273)

Net current liabilities

(276,271)

(250,157)

Total assets less current liabilities

31,069

57,183

Creditors: amounts falling due after more than one year

(203,063)

(209,745)

(171,994)

(152,562)

Capital and reserves

Called up share capital

100

Profit and loss account

(172,094)

(152,662)

Shareholders' funds

(171,994)

(152,562)

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 September 2015

Mr P L Shaw

Mrs P A Shaw

Director

Company Registration No. 06425097

WREN PAVILLION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents rent receivable net of VAT.

1.4

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.5

Going concern

The financial statements have been prepared on the basis that the company is a going concern. This basis is considered appropriate as the directors and bank have confirmed that they will continue to support the company for the foreseeable future.

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

307,340

At 31 March 2014

307,340

Creditors: amounts falling due within one year

The loans are secured by a fixed and floating charge over the company's assets.

WREN PAVILLION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100