Abbreviated Company Accounts - GRANITE TRADING LIMITED

GRANITE TRADING LIMITED - Company Information

06386170 GRANITE TRADING LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 06386170 2013-11-01 2014-10-31 06386170 2014-10-31 06386170 2013-10-31 06386170 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 06386170 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:PreferenceShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-10-31 uk-gaap-cd-bus:PreferenceShareClass1 2013-10-31 iso4217:GBP shares

Registered Number 06386170

GRANITE TRADING LIMITED

Abbreviated Accounts

31 October 2014

GRANITE TRADING LIMITED Registered Number 06386170

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Investments	2	506,901	2,006,901
		506,901	2,006,901
Current assets
Debtors		508,974	508,974
		508,974	508,974
Creditors: amounts falling due within one year		(218,133)	(218,133)
Net current assets (liabilities)		290,841	290,841
Total assets less current liabilities		797,742	2,297,742
Provisions for liabilities		(790,488)	(790,488)
Total net assets (liabilities)		7,254	1,507,254
Capital and reserves
Called up share capital	3	500	2,000
Share premium account		6,754	1,505,254
Shareholders' funds		7,254	1,507,254

For the year ending 31 October 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 10 December 2014

And signed on their behalf by:
B Sigurdsson, Director

GRANITE TRADING LIMITED Registered Number 06386170

Notes to the Abbreviated Accounts for the period ended 31 October 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 company did not trade in the year.

Other accounting policies
During the year the company was restructured. The Redeemable Preference shareholder was redeemed by way of transference of a 50% stake in the trade of the investee company set out in note 2 and the waiving of £500,000 loan in that investee company without which the investee company would have failed causing an adverse effect on this company.

2Fixed assets Investments
Investments represents the investment in an unquoted private limited company

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

	2014 £	2013 £
5,000 Ordinary shares of £0.10 each	500	500
0 Redeemable Preference shares of £0.10 each (15,000 shares for 2013)	0	1,500