WILDWOOD_HOLDINGS_LTD - Accounts

WILDWOOD HOLDINGS LTD - Company Information

Print Friendly Version

Company Registration No. 06920540 (England and Wales)

WILDWOOD HOLDINGS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

WILDWOOD HOLDINGS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WILDWOOD HOLDINGS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

Current assets

Debtors

104,491

1,225,202

Creditors: amounts falling due within one year

(1,009,940)

(1,011,140)

Net current liabilities/(assets)

(905,449)

214,062

Total assets less current liabilities

(905,448)

214,063

Capital and reserves

Called up share capital

114,491

Share premium account

1,740,000

Profit and loss account

(2,759,939)

(1,640,428)

Shareholders' funds

(905,448)

214,063

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 December 2016

E B A O'Reilly Hyland

Director

Company Registration No. 06920540

WILDWOOD HOLDINGS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Going concern

At 31st March 2016 the Company had net current liabilities of £905,449 (2015: net assets of £214,363). Since the year end, the company has disposed of the whole of its interest in The Wildwood Country Club Limited. Funds from the sale will provide working capital.

1.2

Investments

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

1.3

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Investments

Cost

At 1 April 2015 & at 31 March 2016

1,750,000

Depreciation

At 1 April 2015 & at 31 March 2016

1,749,999

Net book value

At 31 March 2016

At 31 March 2015

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

The Wildwood Country Club Limited

United Kingdom

Ordinary

100.00

WILDWOOD HOLDINGS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

The Wildwood Country Club Limited

Golf and Country Club

(3,906,063)

615,960

Since the year end, the company has disposed of the whole of its interest in The Wildwood Country Club Limited.

Share capital

2016

2015

Allotted, called up and fully paid

114,491 Ordinary shares of £1 each

114,491

Ultimate parent company

During this and the preceeding period the company was under the control of E B A O'Reilly Hyland.