359-369 Wandsworth Road Limited - Period Ending 2017-09-30

359-369 WANDSWORTH ROAD LIMITED - Company Information

359-369 Wandsworth Road Limited 09242061 false 2016-10-01 2017-09-30 2017-09-30 The principal activity of the company is that of property development. Digita Accounts Production Advanced 6.21.8540.0 Software true 09242061 2016-10-01 2017-09-30 09242061 2017-09-30 09242061 core:RetainedEarningsAccumulatedLosses 2017-09-30 09242061 core:ShareCapital 2017-09-30 09242061 core:CurrentFinancialInstruments 2017-09-30 09242061 core:CurrentFinancialInstruments core:WithinOneYear 2017-09-30 09242061 bus:SmallEntities 2016-10-01 2017-09-30 09242061 bus:AuditExemptWithAccountantsReport 2016-10-01 2017-09-30 09242061 bus:FullAccounts 2016-10-01 2017-09-30 09242061 bus:RegisteredOffice 2016-10-01 2017-09-30 09242061 bus:Director1 2016-10-01 2017-09-30 09242061 bus:PrivateLimitedCompanyLtd 2016-10-01 2017-09-30 09242061 countries:AllCountries 2016-10-01 2017-09-30 09242061 2016-09-30 09242061 core:RetainedEarningsAccumulatedLosses 2016-09-30 09242061 core:ShareCapital 2016-09-30 09242061 core:CurrentFinancialInstruments 2016-09-30 09242061 core:CurrentFinancialInstruments core:WithinOneYear 2016-09-30 iso4217:GBP

Registration number: 09242061

359-369 Wandsworth Road Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2017

359-369 Wandsworth Road Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 3

359-369 Wandsworth Road Limited

(Registration number: 09242061)
Balance Sheet as at 30 September 2017

	Note	2017 £	2016 £
Current assets
Stocks	3	128,216	-
Debtors	4	72	72
		128,288	72
Creditors: Amounts falling due within one year	5	(130,745)	-
Net (liabilities)/assets		(2,457)	72
Capital and reserves
Called up share capital		72	72
Profit and loss account		(2,529)	-
Total equity		(2,457)	72

For the financial year ending 30 September 2017 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 July 2018 and signed on its behalf by:

A B Lawrence
Director

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

Page 1

359-369 Wandsworth Road Limited

Notes to the Financial Statements for the Year Ended 30 September 2017

1	General information

The company is a private company limited by share capital incorporated in England & Wales.

The address of its registered office is:
The Old Granary Mill Lane
Bedhampton
Havant
Hampshire
PO9 3JH
England

These financial statements were authorised for issue by the Board on 30 July 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Stocks

These are valued at the lower of cost and net realisable value. Cost represents site development expenditure including attributable overheads on construction work in progress. Costs will be allocated to cost of sales upon the sale of the properties.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Stocks

	2017 £	2016 £
Work in progress	128,216	-

Page 2

359-369 Wandsworth Road Limited

Notes to the Financial Statements for the Year Ended 30 September 2017

Debtors

	2017 £	2016 £
Other debtors	72	72
Total current trade and other debtors	72	72

Creditors

	2017 £	2016 £
Due within one year
Other creditors	130,745	-

6	Transition to FRS 102

The company transitioned to FRS102 on the 1 October 2015. There were no changes required as a result of this.

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