Abbreviated Company Accounts - GUPI PROPERTIES LIMITED

GUPI PROPERTIES LIMITED - Company Information

08181662 GUPI PROPERTIES LIMITED 2014-09-30 false 2013-10-01 2014-09-30 true 08181662 2013-10-01 2014-09-30 08181662 2014-09-30 08181662 2013-09-30 08181662 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 08181662 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 08181662

GUPI PROPERTIES LIMITED

Abbreviated Accounts

30 September 2014

GUPI PROPERTIES LIMITED Registered Number 08181662

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	3,200,000	3,200,000
Investments	3	1	1
		3,200,001	3,200,001
Current assets
Stocks		-	-
Debtors		55,943	-
Investments		-	-
Cash at bank and in hand		100	100
		56,043	100
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(315,539)	(227,142)
Net current assets (liabilities)		(259,496)	(227,042)
Total assets less current liabilities		2,940,505	2,972,959
Creditors: amounts falling due after more than one year		(6,500,000)	(6,500,000)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		(3,559,495)	(3,527,041)
Capital and reserves
Called up share capital	4	100	100
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(3,559,595)	(3,527,141)
Shareholders' funds		(3,559,495)	(3,527,041)

For the year ending 30 September 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 31 October 2014

And signed on their behalf by:
Gary Thomas Lever, Director

GUPI PROPERTIES LIMITED Registered Number 08181662

Notes to the Abbreviated Accounts for the period ended 30 September 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.

The company has net liabilities at 30 September 2014 of £3,559,495 (2013: £3,527,041).

The company has the support of their bank so therefore understands that it would be appropriate to prepare the accounts on a going concern basis.

Turnover policy
Turnover represents licence fees receivable net of VAT.

Tangible assets depreciation policy
nvestment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 October 2013	3,200,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	3,200,000
Depreciation
At 1 October 2013	-
Charge for the year	-
On disposals	-
At 30 September 2014	-
Net book values
At 30 September 2014	3,200,000
At 30 September 2013	3,200,000

3Fixed assets Investments
This relates to the share capital of a dormant subsidiary, Gurnard Pines Limited.

4Called Up Share Capital
Allotted, called up and fully paid:

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