G&L_INVESTMENT_LIMITED - Accounts

G&L INVESTMENT LTD - Company Information

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Company Registration No. 08760543 (England and Wales)

G&L INVESTMENT LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 NOVEMBER 2014

G&L INVESTMENT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

G&L INVESTMENT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2014

- 1 -

2014

Notes

Fixed assets

Tangible assets

1,570,111

Current assets

Debtors

26,830

Cash at bank and in hand

809,567

836,397

Creditors: amounts falling due within one year

(2,404,275)

Net current liabilities

(1,567,878)

Total assets less current liabilities

2,233

Capital and reserves

Called up share capital

Profit and loss account

2,231

Shareholders' funds

2,233

For the financial period ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 July 2015

Mr J Guan

Director

Company Registration No. 08760543

G&L INVESTMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 NOVEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Tangible fixed assets and depreciation

Tangible fixed assets include investment properties professionally valued by Chartered Surveyors on an existing use open market value basis. Other tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Investment 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.

1.3

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

Fixed assets

Tangible assets

Cost

At 4 November 2013

Additions

1,570,111

At 30 November 2014

1,570,111

Share capital

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each

During the period 2 Ordinary shares of £1 each were allotted and fully paid at par for cash consideration to provide the initial working capital.

G&L INVESTMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 NOVEMBER 2014

- 3 -

Ultimate parent company

The ultimate parent company is Guan and Leung Holdings Limited, a company registered in England and Wales.