Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Nationwide Propertybank Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Nationwide Propertybank Limited
for the Year Ended 29 February 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nationwide Propertybank Limited for the year ended 29 February 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of Nationwide Propertybank Limited, as a body, in accordance with the terms of our engagement letterdated 16 April 2008. Our work has been undertaken solely to prepare for your approval the accounts of Nationwide Propertybank Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nationwide Propertybank Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Nationwide Propertybank Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Nationwide Propertybank Limited. You consider that Nationwide Propertybank Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Nationwide Propertybank Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Neil Wilson & Co Chartered Accountants
42a Walnut Road
Torquay
Devon
TQ2 6HS
25 November 2016
Nationwide Propertybank Limited
(Registration number: 05415570)
Abbreviated Balance Sheet at 29 February 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mr Gregory Cox
Director
2
Nationwide Propertybank Limited
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided when required to write off the net cost of fixed assets over their useful economic lile in equal installments.
Asset class |
Depreciation method and rate |
Investment properties |
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Investment properties
Financial instruments
Nationwide Propertybank Limited
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 March 2015 |
73,082 |
73,082 |
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At 29 February 2016 |
73,082 |
73,082 |
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Depreciation |
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At 29 February 2016 |
- |
- |
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Net book value |
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At 29 February 2016 |
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At 28 February 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Director's advances and credits |
2016 |
2016 |
2015 |
2015 |
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Mr Gregory Cox |
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( |
- |
(16,539) |
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