Registered Number 07846420
WORLDWIDE INDUSTRIAL PROPERTIES LTD
Abbreviated Accounts
30 November 2016
Notes | 2016 | 2015 | |
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$ | $ | ||
Fixed assets | |||
Investments | 2 |
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Current assets | |||
Debtors |
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Creditors: amounts falling due within one year |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
Fixed asset investments are stated at cost less provision for permanent diminution in value.
Foreign currencies
The financial statements are prepared in U.S. dollars. Monetary assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All exchange differences are taken to the Profit and Loss account.
2
Fixed assets Investments
Cost
At 1 December 2015 = $4,800,000
Disposals = $(2,820,000)
At 30 November 2016 = $1,980,000
Provision for diminution in value
At 1 December 2015 = $2,104,320
On disposals = $(1,236,288)
At 30 November 2016 = $868,032
Net book values
At 30 November 2016 = $1,111,968
At 30 November 2015 = $2,695,680
Investment details:
Holdings of less than 20% (2015 - Participating interest holdings of 20% or more)