Winterbeck Securities Limited - Period Ending 2016-06-30

Registration number: 01042727

Winterbeck Securities Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Winterbeck Securities Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Winterbeck Securities Limited
(Registration number: 01042727)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			1,140,406			1,140,406
Investments		2			872,250			748,312
					2,012,656			1,888,718
Current assets
Debtors					10,948			16,918
Cash at bank and in hand					397,388			491,869
					408,336			508,787
Creditors: Amounts falling due within one year					(14,285)			(14,011)
Net current assets					394,051			494,776
Total assets less current liabilities					2,406,707			2,383,494
Capital and reserves
Called up share capital		3			50,000			50,000
Revaluation reserve					124,144			52,813
Profit and loss account					2,232,563			2,280,681
Shareholders' funds					2,406,707			2,383,494

For the year ending 30 June 2016 the company was entitled to exemption 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 .

Approved by the Board on 1 November 2016 and signed on its behalf by:

.........................................
D N Lee FCA MBA
Director

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

Winterbeck Securities Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... 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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of rent and service charges receivable.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line basis
Office equipment	33.3% straight line basis

Fixed asset investments

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

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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 July 2015		1,187,600			748,312			1,935,912
Revaluations		-			46,067			46,067
Additions		-			131,607			131,607
Disposals		-			(53,736)			(53,736)
At 30 June 2016		1,187,600			872,250			2,059,850
Depreciation
At 1 July 2015		47,194			-			47,194
At 30 June 2016		47,194			-			47,194
Net book value
At 30 June 2016		1,140,406			872,250			2,012,656
At 30 June 2015		1,140,406			748,312			1,888,718

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A shares of £1 each		50,000			50,000			50,000			50,000

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
D N Lee FCA MBA
Director Loan Account	198,186	198,186	-	-
K M Lee BSc
Director Loan Account	22,020	22,020	-	-

5

Control

The company is controlled by Winterbeck Group Limited which owns 100% of the issued share capital.

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