WL_MANAGEMENT_LIMITED - Accounts

WL MANAGEMENT LIMITED - Company Information

Print Friendly Version

Company Registration No. 07426812 (England and Wales)

WL MANAGEMENT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2014

WL MANAGEMENT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

WL MANAGEMENT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2012

Notes

Fixed assets

Tangible assets

516,693

Current assets

Debtors

48,875

Creditors: amounts falling due within one year

(163,397)

Net current (liabilities)/assets

(114,522)

Total assets less current liabilities

402,171

Creditors: amounts falling due after more than one year

(192,500)

209,671

Capital and reserves

Called up share capital

Profit and loss account

209,669

Shareholders' funds

209,671

For the financial Period ended 31 March 2014 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 Period 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 11 September 2015

M Lopian

Director

Company Registration No. 07426812

WL MANAGEMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2014

- 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

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Land and buildings Freehold - Nil

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.

1.4

Revenue recognition

During the year income is recognised on an accruals basis.

Fixed assets

Tangible assets

Cost

At 1 December 2012

Additions

516,693

At 31 March 2014

516,693

Share capital

2014

2012

Allotted, called up and fully paid

2 Ordinary of £1 each