Company Registration No. 06560401 (England and Wales)
WALDEGRAVE (RG) LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
WALDEGRAVE (RG) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
WALDEGRAVE (RG) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
2,740,311
2,740,311
Current assets
Debtors
-
2,646
Cash at bank and in hand
8,599
101,462
8,599
104,108
Creditors: amounts falling due within one year
3
(793,111)
(863,026)
Net current liabilities
(784,512)
(758,918)
Total assets less current liabilities
1,955,799
1,981,393
Creditors: amounts falling due after more than one year
4
(1,231,671)
(1,278,155)
724,128
703,238
Capital and reserves
Called up share capital
5
304,500
304,500
Share premium account
75,500
75,500
Profit and loss account
344,128
323,238
Shareholders' funds
724,128
703,238
WALDEGRAVE (RG) LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 2016 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 6 October 2016
A R Grant
Director
Company Registration No. 06560401
WALDEGRAVE (RG) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company has net current liabilities and the directors have reviewed the current and future position of the group. The group meets its working capital requirements through an overdraft facility, with longer term funding taking the form of a commercial mortgage and amounts loaned to the group by the directors. The directors consider this funding structure to be appropriate and adequate, taking into account the forecast trading for the coming year. The directors have therefore concluded that it is appropriate to prepare the accounts on a going concern basis.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable in respect of management charges to the company's subsidiary.
in respect of management charges to the company's subsidiary.
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Pensions
The company operates a defined contribution scheme for the benefit of its
director
s. Contributions payable are charged to the profit and loss account in the year they are payable.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.7
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
1.8
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
WALDEGRAVE (RG) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
2
Fixed assets
Investments
£
Cost
At 1 April 2015 & at 31 March 2016
3,240,311
Depreciation
At 1 April 2015 & at 31 March 2016
500,000
Net book value
At 31 March 2016
2,740,311
At 31 March 2015
2,740,311
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Centristic Limited
Ordinary
100.00
Participating interests
Brington Engineering Limited
Ordinary
49.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Centristic Limited
The design, manufacturing and installation of conveyor related handling equipment
2,579,312
205,371
Brington Engineering Limited
Engineering and plant maintenance
114,431
73,530
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £46,667 (2015 - £46,667).
WALDEGRAVE (RG) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 5 -
4
Creditors: amounts falling due after more than one year
2016
2015
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
145,004
191,488
The aggregate amount of creditors for which security has been given amounted to £378,155 (2015 - £378,155).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
304,500 Ordinary shares of £1 each
304,500
304,500
6
Ultimate parent company
The company is controlled by the directors who own 98.52% of the called up share capital.
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