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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MAY 2018 |
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WINT AUGUSTUS PROPERTY INVESTMENTS LTD |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MAY 2018 |
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FOR |
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WINT AUGUSTUS PROPERTY INVESTMENTS LTD |
WINT AUGUSTUS PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05371067) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 May 2018 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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WINT AUGUSTUS PROPERTY INVESTMENTS LTD |
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COMPANY INFORMATION |
for the year ended 31 May 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
19-20 Bourne Court |
Southend Road |
Woodford Green |
Essex |
IG8 8HD |
WINT AUGUSTUS PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05371067) |
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ABRIDGED BALANCE SHEET |
31 May 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Fair value reserve | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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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. |
WINT AUGUSTUS PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05371067) |
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ABRIDGED BALANCE SHEET - continued |
31 May 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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WINT AUGUSTUS PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05371067) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 May 2018 |
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1. | STATUTORY INFORMATION |
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Wint Augustus Property Investments Ltd is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Investment property |
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties |
are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value |
can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and |
losses arising from changes in the fair value of investment properties are included in profit or loss in the period |
in which they arise. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising |
from impairment are recognised in the profit and loss account. |
WINT AUGUSTUS PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05371067) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2018 |
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3. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 June 2017 |
and 31 May 2018 |
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DEPRECIATION |
At 1 June 2017 |
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Charge for year |
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At 31 May 2018 |
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NET BOOK VALUE |
At 31 May 2018 |
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At 31 May 2017 |
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4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 June 2017 |
and 31 May 2018 |
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NET BOOK VALUE |
At 31 May 2018 |
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At 31 May 2017 |
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Fair value at 31 May 2018 is represented by: |
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£ |
Valuation in 2017 | 235,131 |
Cost | 464,869 |
700,000 |
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If investment property had not been revalued it would have been included at the following historical cost: |
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2018 | 2017 |
£ | £ |
Cost | 235,131 | 235,131 |
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Investment property was valued on on an open market basis on 31 May 2018 by directors . |
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5. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
2018 | 2017 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 417,677 | 417,593 |
WINT AUGUSTUS PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 05371067) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2018 |
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6. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2018 | 2017 |
£ | £ |
Bank loans |
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The bank loan is secured by way of a fixed and floating charge over the properties held by the company. |
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7. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 June 2017 |
and 31 May 2018 |
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8. | RELATED PARTY DISCLOSURES |
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At the balance sheet date, the company owed £20,952 (2017: £21,968) to Mr C A G Wint, a director. |