Danygraig Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07420117 (England and Wales)

DANYGRAIG LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C D Hatcher

A M Hatcher

REGISTERED OFFICE:

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

CF23 8RS

REGISTERED NUMBER:

07420117 (England and Wales)

ACCOUNTANTS:

Watts Gregory LLP

Chartered Accountants

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Investments

2

40,405

43,604

CURRENT ASSETS

Cash at bank

27,040

20,878

CREDITORS

Amounts falling due within one year

(25,302

)

(21,802

)

NET CURRENT ASSETS/(LIABILITIES)

1,738

(924

)

TOTAL ASSETS LESS CURRENT LIABILITIES

42,143

42,680

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

42,133

42,670

SHAREHOLDERS' FUNDS

42,143

42,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved for issue by the Board of Directors on 12 December 2016 and were signed on its behalf by:

C D Hatcher - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

there will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted.

Investments

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

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

22,404

Impairments

(3,199

)

At 31 March 2016

19,205

NET BOOK VALUE

At 31 March 2016

19,205

At 31 March 2015

22,404

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated companies

Caledonian Wind Limited

Nature of business: Wind farm development

%

Class of shares:

holding

Ordinary

20.00

2016

2015

£

£

Aggregate capital and reserves

222

949

Profit/(loss) for the year

12,523

(1

)

WG Financial Outsourcing Limited

Nature of business: Provision of outsourced financial services

%

Class of shares:

holding

Ordinary

20.00

2016

2015

£

£

Aggregate capital and reserves

2,263

19,488

Profit for the year

60,875

55,702

Loans

£

At 1 April 2015

and 31 March 2016

21,200

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

5

A Ordinary

£1

5

5

1

B Ordinary non voting

£1

1

1

3

C Ordinary non voting

£1

3

3

1

D Ordinary non voting

£1

1

1

10

10