Ground Rent Trading (Liverpool) Limited - Limited company - abbreviated - 11.6

Ground Rent Trading (Liverpool) Limited - Limited company - abbreviated - 11.6

GROUND RENT TRADING (LIVERPOOL) LIMITED - Company Information

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REGISTERED NUMBER: 06339801 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

GROUND RENT TRADING (LIVERPOOL) LIMITED

GROUND RENT TRADING (LIVERPOOL) LIMITED (REGISTERED NUMBER: 06339801)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 4

GROUND RENT TRADING (LIVERPOOL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014







DIRECTOR: L C Freilich





SECRETARY: S S Freilich





REGISTERED OFFICE: 5 Sentinel Square
Hendon
London
NW4 2EL





REGISTERED NUMBER: 06339801 (England and Wales)





ACCOUNTANTS: The Paris Partnership LLP
Chartered Accountants
Russell House
140 High Street
Edgware
Middlesex
HA8 7LW
Page 1
GROUND RENT TRADING (LIVERPOOL) LIMITED (REGISTERED NUMBER: 06339801)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £   
FIXED ASSETS
Investment property 2 126,496 126,496

CURRENT ASSETS
Debtors 383,612 582,120
Cash at bank 121 -
383,733 582,120
CREDITORS
Amounts falling due within one year (58,413 ) (239,540 )
NET CURRENT ASSETS 325,320 342,580
TOTAL ASSETS LESS CURRENT
LIABILITIES
451,816
469,076

CREDITORS
Amounts falling due after more than one
year
3
(418,000		 )
(440,000		 )
NET ASSETS 33,816 29,076

CAPITAL AND RESERVES
Called up share capital 4 100 1
Revaluation reserve 28,605 28,605
Profit and loss account 5,111 470
SHAREHOLDERS' FUNDS 33,816 29,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 3 June 2015 and were signed by:





L C Freilich - Director


The notes form part of these abbreviated accounts

Page 2
GROUND RENT TRADING (LIVERPOOL) LIMITED (REGISTERED NUMBER: 06339801)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

Turnover
Turnover represents invoiced ground rents on investment properties and insurance commissions received.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

No depreciation is provided in respect of these properties in accordance with FRSSE. This is a departure from
the requirements of the Companies Act 2006 that depreciation is charged to systematically write off the cost of
assets over their useful economic lives. These properties are held primarily for investment and any trading
income derived from them is incidental. As such, the director considers depreciation of these properties to be
inappropriate. The policy adopted is considered necessary for the financial statements to give a true and fair
view.

2. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2014
and 31 December 2014 126,496
NET BOOK VALUE
At 31 December 2014 126,496
At 31 December 2013 126,496

3. CREDITORS

Creditors include the following debts falling due in more than five years:

2014 2013
£    £   
Repayable by instalments 330,000 352,000

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 1

99 Ordinary shares of £1 were issued during the year as a bonus out of reserves.

Page 3
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GROUND RENT TRADING (LIVERPOOL) LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Ground Rent Trading (Liverpool) Limited for the year ended 31 December 2014 which comprise
the Profit and Loss Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses and the related
notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Ground Rent Trading (Liverpool) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ground Rent Trading (Liverpool) Limited and state those matters that we have agreed to state to the director of Ground Rent Trading (Liverpool) Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Ground Rent Trading (Liverpool) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ground Rent Trading (Liverpool) Limited. You consider that Ground Rent Trading (Liverpool) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ground Rent Trading
(Liverpool) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or
information and explanations you have given to us and we do not, therefore, express any opinion on the statutory
financial statements.






The Paris Partnership LLP
Chartered Accountants
Russell House
140 High Street
Edgware
Middlesex
HA8 7LW


3 June 2015

This page does not form part of the abbreviated accounts

Page 4