Abbreviated Company Accounts - GT PROPERTIES YORKSHIRE LIMITED

GT PROPERTIES YORKSHIRE LIMITED - Company Information

Registered Number 05875928

GT PROPERTIES YORKSHIRE LIMITED

Abbreviated Accounts

31 July 2014

GT PROPERTIES YORKSHIRE LIMITED Registered Number 05875928

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	440,083	440,083
		440,083	440,083
Current assets
Debtors		10,216	10,216
Cash at bank and in hand		10,712	10,834
		20,928	21,050
Creditors: amounts falling due within one year		(112,283)	(114,654)
Net current assets (liabilities)		(91,355)	(93,604)
Total assets less current liabilities		348,728	346,479
Creditors: amounts falling due after more than one year		(285,257)	(291,981)
Total net assets (liabilities)		63,471	54,498
Capital and reserves
Called up share capital		100	100
Profit and loss account		63,371	54,398
Shareholders' funds		63,471	54,498

For the year ending 31 July 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 28 April 2015

And signed on their behalf by:
Ian Cocking, Director

GT PROPERTIES YORKSHIRE LIMITED Registered Number 05875928

Notes to the Abbreviated Accounts for the period ended 31 July 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 value of rents charged to tenants.

Other accounting policies
Investment properties
In accordance with Statement of Standard Accounting Practice no 19, certain of the company’s properties are held for long term investment and are included in the balance sheet at revalued amounts. The surpluses or deficits on revaluation of such properties are transferred to the revaluation reserve account. This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The director considers that this policy is necessary in order that the financial statements may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 August 2013	440,083
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	440,083
Depreciation
At 1 August 2013	-
Charge for the year	-
On disposals	-
At 31 July 2014	-
Net book values
At 31 July 2014	440,083
At 31 July 2013	440,083