Wessex Green Developments Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09516121 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

WESSEX GREEN DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J P Lynch

Mr G Delve

REGISTERED OFFICE:

5 Holmesdale Road

Teddington

Middlesex

TW11 9LJ

REGISTERED NUMBER:

09516121 (England and Wales)

ACCOUNTANTS:

Khan Morris Accountants Limited

Empress Heights

College Street

Southampton

Hampshire

SO14 3LA

FIXED ASSETS

Tangible assets

3

254,499

-

Investments

4

70

-

Investment property

5

1,010,668

-

1,265,237

-

CURRENT ASSETS

Stocks

983,213

428,057

Debtors

6

25,204

89,887

Cash at bank

1,662

35,518

1,010,079

553,462

CREDITORS

Amounts falling due within one year

7

2,115,923

553,440

NET CURRENT (LIABILITIES)/ASSETS

(1,105,844

)

22

TOTAL ASSETS LESS CURRENT LIABILITIES

159,393

22

PROVISIONS FOR LIABILITIES

28,063

-

NET ASSETS

131,330

22

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

131,328

20

SHAREHOLDERS' FUNDS

131,330

22

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 November 2017 and were signed on its behalf by:

Mr J P Lynch - Director

1.	STATUTORY INFORMATION

Wessex Green Developments Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

339,332

At 31 March 2017

339,332

DEPRECIATION

Charge for year

84,833

At 31 March 2017

84,833

NET BOOK VALUE

At 31 March 2017

254,499

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

70

At 31 March 2017

70

NET BOOK VALUE

At 31 March 2017

70

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,010,668

At 31 March 2017

1,010,668

NET BOOK VALUE

At 31 March 2017

1,010,668

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Accrued income

-

751

Other debtors

-

350

Directors' current accounts

-

63,201

VAT

23,544

25,585

Prepayments

1,660

-

25,204

89,887

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

4,072

28

Taxation and social security

4,781

5

Other creditors

2,107,070

553,407

2,115,923

553,440

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Other creditors

1,350,000

520,000

Funding Circle Property Finance Limited has a fixed and floating charge over the property 62-65 St

Mary's Street, Southampton, Hampshire.

Full details of all charges can be found on Companies House website.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2017 and

the period ended 31 March 2016:

31.3.17

31.3.16

£

£

Mr G Delve

Balance outstanding at start of year

63,201

-

Amounts advanced

-

65,000

Amounts repaid

(65,000

)

(1,799

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,799

)

63,201