Gregor Management Limited - Abbreviated accounts

Gregor Management Limited

Registered number

SC160053

Abbreviated Accounts

31 October 2014

Gregor Management Limited

Report to the directors on the preparation of the unaudited abbreviated accounts of Gregor Management Limited for the year ended 31 October 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Gregor Management Limited for the year ended 31 October 2014 which comprise of the balance sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Accel Business LLP
Chartered Certified Accountants & Registered Auditors
4 Valentine Court
Dundee Business Park
Dundee
Angus
DD2 3QB

19 December 2014

Gregor Management Limited
Registered number:		SC160053
Abbreviated Balance Sheet
as at 31 October 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		1,735,000			2,096,810

Current assets
Debtors		650			-
Cash at bank and in hand		1			1
		651			1

Creditors: amounts falling due within one year		(1,513,559)			(1,922,629)

Net current liabilities			(1,512,908)			(1,922,628)

Net assets			222,092			174,182

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			222,091			174,181

Shareholder's funds			222,092			174,182

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Eric Gregor
Director
Approved by the board on 19 December 2014

Gregor Management Limited
Notes to the Abbreviated Accounts
for the year ended 31 October 2014

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Investment properties			Nil

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 November 2013					2,096,810
	Disposals					(361,810)
	At 31 October 2014					1,735,000

	Depreciation
	At 31 October 2014					-

	Net book value
	At 31 October 2014					1,735,000
	At 31 October 2013					2,096,810


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1