Abbreviated Company Accounts - GRANDIOSE PROPERTIES LIMITED

GRANDIOSE PROPERTIES LIMITED - Company Information

00756099 GRANDIOSE PROPERTIES LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 00756099 2013-04-01 2014-03-31 00756099 2014-03-31 00756099 2013-03-31 00756099 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 00756099 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 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 00756099

GRANDIOSE PROPERTIES LIMITED

Abbreviated Accounts

31 March 2014

GRANDIOSE PROPERTIES LIMITED Registered Number 00756099

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Current assets
Stocks		966,627	287,636
Debtors		21,125	95,340
Cash at bank and in hand		14,337	79,966
		1,002,089	462,942
Creditors: amounts falling due within one year		(11,530,673)	(10,987,600)
Net current assets (liabilities)		(10,528,584)	(10,524,658)
Total assets less current liabilities		(10,528,584)	(10,524,658)
Total net assets (liabilities)		(10,528,584)	(10,524,658)
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		(10,528,684)	(10,524,758)
Shareholders' funds		(10,528,584)	(10,524,658)

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 17 June 2015

And signed on their behalf by:
HEINRICH FELDMAN, Director

GRANDIOSE PROPERTIES LIMITED Registered Number 00756099

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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Other accounting policies
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100