| Woodside Court Limited |
|
| Report to the directors on the preparation of the unaudited abbreviated accounts of Woodside Court Limited for the year ended 31 January 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Woodside Court Limited for the year ended 31 January 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| This report is made solely to the Board of Directors of Woodside Court Limited, as a body, in accordance with the terms of our engagement letter dated 27 May 2015. Our work has been undertaken solely to prepare for your approval the accounts of Woodside Court Limited and state those matters that we have agreed to state to the Board of Directors of Woodside Court Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woodside Court Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Woodside Court Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Woodside Court Limited. You consider that Woodside Court Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of Woodside Court Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| G Marino & Co |
| Chartered Certified Accountants |
| 66 Whitchurch Road |
| Maindy |
| Cardiff |
| South Glamorgan |
| CF14 3LX |
|
| 27 April 2016 |
|
| Woodside Court Limited |
| Registered number: |
01608135 |
| Abbreviated Balance Sheet |
| as at 31 January 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
91,294 |
|
|
92,984 |
|
| Current assets |
| Debtors |
|
|
700 |
|
|
700 |
| Cash at bank and in hand |
|
|
99,090 |
|
|
107,106 |
|
|
|
99,790 |
|
|
107,806 |
|
| Creditors: amounts falling due within one year |
|
|
(1,581) |
|
|
(957) |
|
| Net current assets |
|
|
|
98,209 |
|
|
106,849 |
|
| Net assets |
|
|
|
189,503 |
|
|
199,833 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
41 |
|
|
41 |
| Revaluation reserve |
|
|
|
112,675 |
|
|
112,675 |
| Profit and loss account |
|
|
|
76,787 |
|
|
87,117 |
|
| Shareholders' funds |
|
|
|
189,503 |
|
|
199,833 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mrs J Purves |
| Director |
| Approved by the board on 27 April 2016 |
|
| Woodside Court Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 January 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective Jan 2015). |
|
|
Service charges |
|
These represent contributions from flat-owners and tenants for the upkeep of the common parts . |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Investment property |
2% straight line |
|
Fixtures & equipment |
25% reducing balance basis |
|
Security access |
Fully depreciated |
|
|
Investment property |
|
The Investment property is valued on an open-market basis. |
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost/valuation |
|
At 1 February 2015 |
127,791 |
|
Additions |
807 |
|
At 31 January 2016 |
128,598 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2015 |
34,807 |
|
Charge for the year |
2,497 |
|
At 31 January 2016 |
37,304 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2016 |
91,294 |
|
At 31 January 2015 |
92,984 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
41 |
|
41 |
|
41 |
|
|
|
|
|
|
|
|
|
