Abbreviated Company Accounts - WOODGATE (E1) LIMITED

WOODGATE (E1) LIMITED - Company Information

05265728 WOODGATE (E1) LIMITED 2016-02-28 false 2015-03-01 2016-02-28 true 05265728 2015-03-01 2016-02-28 05265728 2016-02-28 05265728 2015-02-28 05265728 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 05265728 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 05265728

WOODGATE (E1) LIMITED

Abbreviated Accounts

28 February 2016

WOODGATE (E1) LIMITED Registered Number 05265728

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,983,195	2,491,271
		2,983,195	2,491,271
Current assets
Debtors		339,213	382,897
Cash at bank and in hand		3,321	1,550
		342,534	384,447
Creditors: amounts falling due within one year		(11,748)	(35,855)
Net current assets (liabilities)		330,786	348,592
Total assets less current liabilities		3,313,981	2,839,863
Creditors: amounts falling due after more than one year		(1,662,306)	(1,684,000)
Total net assets (liabilities)		1,651,675	1,155,863
Capital and reserves
Called up share capital	3	1	1
Revaluation reserve		1,160,588	668,664
Profit and loss account		491,086	487,198
Shareholders' funds		1,651,675	1,155,863

For the year ending 28 February 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 29 November 2016

And signed on their behalf by:
Mr J Baker, Director

WOODGATE (E1) LIMITED Registered Number 05265728

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention:
The financial statements are prepared under the historical cost convention modified to include the
revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Compliance with accounting standards:
The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).

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

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold - No Depreciation
Investment properties are included in the balance sheet at their open market value at the balance sheet date. Depreciation is not provided on investment properties. This treatment maybe a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are held not for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the accounts to give a true and fair view. Depreciation is ony one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Other accounting policies
Creditors: amounts falling due within one year:
The bank overdraft is secured by a first legal charge over the properties included within fixed assets
Debenture dated 12 October 2007
Unlimited Guarantee & Letter of Set-Off dated 2 April 2008

Ultimate parent company:
The ultimate parent company is Lithlad Group Limited.

Related party relationships and transactions:
Included in debtors is an amount owed by Lithlad Group Limited of £ 273,701 (2015 : £ 342,385 ), the ultimate parent company.

2Tangible fixed assets

	£
Cost
At 1 March 2015	2,491,271
Additions	-
Disposals	-
Revaluations	491,924
Transfers	-
At 28 February 2016	2,983,195
Depreciation
At 1 March 2015	-
Charge for the year	-
On disposals	-
At 28 February 2016	-
Net book values
At 28 February 2016	2,983,195
At 28 February 2015	2,491,271

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1