KWC (Barnfield) Limited - Period Ending 2015-12-31

Registration number: 04715031

KWC (Barnfield) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

KWC (Barnfield) Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

KWC (Barnfield) Limited
(Registration number: 04715031)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Investments					261,495			261,495
Capital and reserves
Called up share capital		3			40			40
Profit and loss account					261,455			261,455
Shareholders' funds					261,495			261,495

For the year ending 31 December 2015 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 22 February 2016

Mr R W McLarin
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

KWC (Barnfield) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... 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 January 2015).

Fixed asset investments

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

Deferred tax

Where material, deferred tax is recognised in respect of timing differences that have originated but not reversed by the balance sheet date. Deferred tax balances are not discounted.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
At 1 January 2015		261,495			261,495
At 31 December 2015		261,495			261,495
Depreciation
At 31 December 2015		-			-
Net book value
At 31 December 2015		261,495			261,495
At 31 December 2014		261,495			261,495

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:

Undertaking		Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
King Wilkinson & Co Limited		Ordinary	100%	Chartered Surveyors

Page 2

KWC (Barnfield) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

The financial period end of King Wilkinson & Co Limited is 30 June 2015. The profit for the financial period of King Wilkinson & Co Limited was £20,084 and the aggregate amount of capital and reserves at the end of the period was £100,860.

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
40 Ordinary A Shares of £1 each		40			40			40			40

Page 3