Abbreviated Company Accounts - GRAYFIELD ESTATES LIMITED

GRAYFIELD ESTATES LIMITED - Company Information

04402502 GRAYFIELD ESTATES LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 04402502 2013-04-01 2014-03-31 04402502 2014-03-31 04402502 2013-03-31 04402502 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 04402502 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:Director3 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 04402502

GRAYFIELD ESTATES LIMITED

Abbreviated Accounts

31 March 2014

GRAYFIELD ESTATES LIMITED Registered Number 04402502

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	143,146	143,146
		143,146	143,146
Current assets
Debtors		271	271
Cash at bank and in hand		723	-
		994	271
Creditors: amounts falling due within one year		(9,461)	(9,751)
Net current assets (liabilities)		(8,467)	(9,480)
Total assets less current liabilities		134,679	133,666
Creditors: amounts falling due after more than one year		(125,724)	(125,724)
Total net assets (liabilities)		8,955	7,942
Capital and reserves
Called up share capital	3	10	10
Profit and loss account		8,945	7,932
Shareholders' funds		8,955	7,942

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 2 July 2014

And signed on their behalf by:
Chi Hing Tsang, Director

GRAYFIELD ESTATES LIMITED Registered Number 04402502

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Other accounting policies
Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 April 2013	143,146
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	143,146
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	143,146
At 31 March 2013	143,146

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
10 Ordinary shares of £1 each	10	10

4Transactions with directors

Name of director receiving advance or credit:	Chi Hing Tsang
Description of the transaction:	Related Party Transactions
Balance at 1 April 2013:	£ 18,969
Advances or credits made:	-
Advances or credits repaid:	£ 9,868
Balance at 31 March 2014:	£ 9,101

The director does not have any material interest, direct or indirect, in any contract entered into by the company.
Amount owed to director, Chi Hing Tsang, at 31st March 2014 is £9,101 (2013: £18,969).