WARFORD_PARK_LIMITED - Accounts

WARFORD PARK LIMITED - Company Information

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Company Registration number 02430935

WARFORD PARK LIMITED

Abbreviated Accounts

For the year ended 31 December 2013

WARFORD PARK LIMITED

Financial statements for the year ended 31 December 2013

Contents

Pages

Balance sheet

Notes to the financial statements

2-3

WARFORD PARK LIMITED

Abbreviated balance sheet as at 31 December 2013

2013

2012

Notes

Fixed assets

Tangible assets

325,475

270,165

Investments

325,477

270,167

Current assets

Debtors

40,517

9,059

Cash at bank and in hand

68,957

3,335

109,474

12,394

Creditors:

amounts falling due within one year

(174,903)

(151,572)

Net current liabilities

(65,429)

(139,178)

Total assets less current liabilities

260,048

130,989

Capital and reserves

Called up share capital

3,400,000

Share premium account

2,200,000

Deficit on profit and loss account

(3,139,952)

(5,469,011)

Shareholders' funds

260,048

130,989

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the board of directors on 30 September 2014 and signed on its behalf.

__________________________ Shahid Beg - Director

Company Registration No: 02430935

The notes on pages 2 to 3 form part of these financial statements.

WARFORD PARK LIMITED

Notes to the abbreviated accounts for the year ended 31 December 2013

Accounting policies

Basis of accounting

The financial statements are prepared on the historical cost basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow statement as it qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Depreciation of tangible fixed assets

Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:

Reversionary Interests

0.45% on cost

Leasehold property

Over the period of the lease

Investments

The investments consist of 100% of the share capital of Retirement Management Limited, a company incorporated in England & Wales.

Extraordinary items

2013

2012

Extraordinary profit on write back of share premium account

2,200,000

Bad debt on Warford Park Estates Limited

650,000

2,200,000

(650,000)

Fixed assets

Tangible

fixed

Investments

assets

Total

Cost:

At 1 January 2013

475,763

475,765

Additions

57,471

At 31 December 2013

533,234

533,236

Depreciation:

At 1 January 2013

205,598

Provision for the year

2,161

At 31 December 2013

207,759

Net book value:

At 31 December 2013

325,475

325,477

At 31 December 2012

270,165

270,167

WARFORD PARK LIMITED

Notes to the abbreviated accounts for the year ended 31 December 2013 (continued)

Called-up share capital

2013

2012

2013

2012

Allotted, called up and fully paid

Equity shares:

Ordinary shares of £1 each

3,400,000