Wilwall (Properties) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC039257 (Scotland)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 NOVEMBER 2014

FOR

WILWALL (PROPERTIES) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J F Wallace

Mrs M E Wallace

SECRETARY:

J F Wallace

REGISTERED OFFICE:

37 Royal Crescent

Dunoon

Argyll

PA23 7AQ

REGISTERED NUMBER:

SC039257 (Scotland)

FIXED ASSETS

Tangible assets

2

96,405

100,308

CURRENT ASSETS

Debtors

327

480

Cash at bank and in hand

3,604

2,493

3,931

2,973

CREDITORS

Amounts falling due within one year

3,471

2,694

NET CURRENT ASSETS

460

279

TOTAL ASSETS LESS CURRENT LIABILITIES

96,865

100,587

CAPITAL AND RESERVES

Called up share capital

3

100

100

Revaluation reserve

81,352

83,710

Profit and loss account

15,413

16,777

SHAREHOLDERS' FUNDS

96,865

100,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 November 2014 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 by the Board of Directors on 2 December 2014 and were signed on its behalf by:

J F Wallace - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 29 November 2013

and 28 November 2014

154,428

DEPRECIATION

At 29 November 2013

54,120

Charge for year

3,903

At 28 November 2014

58,023

NET BOOK VALUE

At 28 November 2014

96,405

At 28 November 2013

100,308

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100