IRIS Accounts Production v18.1.2.30 08325142 director 1.1.17 31.12.17 31.12.17 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure083251422016-12-31083251422017-12-31083251422017-01-012017-12-31083251422015-12-31083251422016-01-012016-12-31083251422016-12-3108325142ns15:EnglandWales2017-01-012017-12-3108325142ns14:PoundSterling2017-01-012017-12-3108325142ns10:Director12017-01-012017-12-3108325142ns10:PrivateLimitedCompanyLtd2017-01-012017-12-3108325142ns10:SmallEntities2017-01-012017-12-3108325142ns10:AuditExempt-NoAccountantsReport2017-01-012017-12-3108325142ns10:SmallCompaniesRegimeForDirectorsReport2017-01-012017-12-3108325142ns10:SmallCompaniesRegimeForAccounts2017-01-012017-12-3108325142ns10:FullAccounts2017-01-012017-12-3108325142ns10:OrdinaryShareClass12017-01-012017-12-3108325142ns10:RegisteredOffice2017-01-012017-12-3108325142ns5:CurrentFinancialInstruments2017-12-3108325142ns5:CurrentFinancialInstruments2016-12-3108325142ns5:ShareCapital2017-12-3108325142ns5:ShareCapital2016-12-3108325142ns5:FurtherSpecificReserve1ComponentTotalEquity2017-12-3108325142ns5:FurtherSpecificReserve1ComponentTotalEquity2016-12-3108325142ns5:RetainedEarningsAccumulatedLosses2017-12-3108325142ns5:RetainedEarningsAccumulatedLosses2016-12-3108325142ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-12-3108325142ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-3108325142ns5:DeferredTaxation2017-01-012017-12-3108325142ns5:DeferredTaxation2017-12-3108325142ns10:OrdinaryShareClass12017-12-3108325142ns5:RetainedEarningsAccumulatedLosses2016-12-3108325142ns5:FurtherSpecificReserve1ComponentTotalEquity2016-12-3108325142ns5:RetainedEarningsAccumulatedLosses2017-01-012017-12-31


REGISTERED NUMBER: 08325142 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2017

for

Warspite Properties Ltd

Warspite Properties Ltd (Registered number: 08325142)

Contents of the Financial Statements
for the Year Ended 31 December 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Warspite Properties Ltd

Company Information
for the Year Ended 31 December 2017







DIRECTOR: Mrs N Brandys





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 08325142 (England and Wales)





ACCOUNTANTS: Martin+Heller
Chartered Accountants
5 North End Road
London
NW11 7RJ

Warspite Properties Ltd (Registered number: 08325142)

Balance Sheet
31 December 2017

31.12.17 31.12.16
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 380,000 253,379

CURRENT ASSETS
Debtors 4 - 63,888

CREDITORS
Amounts falling due within one year 5 205,223 267,436
NET CURRENT LIABILITIES (205,223 ) (203,548 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,777

49,831

PROVISIONS FOR LIABILITIES 6 14,935 -
NET ASSETS 159,842 49,831

CAPITAL AND RESERVES
Called up share capital 7 1 1
Non distributable reserves 8 96,686 -
Retained earnings 8 63,155 49,830
SHAREHOLDERS' FUNDS 159,842 49,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 13 November 2018 and were signed by:





Mrs N Brandys - Director


Warspite Properties Ltd (Registered number: 08325142)

Notes to the Financial Statements
for the Year Ended 31 December 2017


1. STATUTORY INFORMATION

Warspite Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added
tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is
recognised in profit or loss.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

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

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.

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.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2017 253,379
Additions 15,000
Revaluations 111,621
At 31 December 2017 380,000
NET BOOK VALUE
At 31 December 2017 380,000
At 31 December 2016 253,379

Fair value at 31 December 2017 is represented by:

£   
Valuation in 2017 380,000

Warspite Properties Ltd (Registered number: 08325142)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Other debtors - 63,888

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Taxation and social security 4,583 13,436
Other creditors 200,640 254,000
205,223 267,436

6. PROVISIONS FOR LIABILITIES
31.12.17 31.12.16
£    £   
Deferred tax 14,935 -

Deferred
tax
£   
Provided during year 14,935
Balance at 31 December 2017 14,935

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.17 31.12.16
value: £    £   
1 Ordinary £1 1 1

8. RESERVES
Non
Retained distributable
earnings reserves Totals
£    £    £   

At 1 January 2017 49,830 - 49,830
Profit for the year 110,011 110,011
Gains or losses from fair value
adjustments

(111,621

)

111,621

-

Deferred tax 14,935 (14,935 ) -
At 31 December 2017 63,155 96,686 159,841