Abbreviated Company Accounts - GEMWAY ESTATES LTD

Abbreviated Company Accounts - GEMWAY ESTATES LTD

GEMWAY ESTATES LTD - Company Information

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Registered Number 04976921

GEMWAY ESTATES LTD

Abbreviated Accounts

30 November 2014

GEMWAY ESTATES LTD Registered Number 04976921

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 1,750,800 1,752,366
1,750,800 1,752,366
Creditors: amounts falling due within one year 3 (890,388) (877,913)
Net current assets (liabilities) (890,388) (877,913)
Total assets less current liabilities 860,412 874,453
Creditors: amounts falling due after more than one year 3 (638,637) (705,276)
Total net assets (liabilities) 221,775 169,177
Capital and reserves
Called up share capital 100 100
Revaluation reserve 183,732 183,732
Profit and loss account 37,943 (14,655)
Shareholders' funds 221,775 169,177
  • For the year ending 30 November 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 20 August 2015

And signed on their behalf by:
J Perelman, Director

GEMWAY ESTATES LTD Registered Number 04976921

Notes to the Abbreviated Accounts for the period ended 30 November 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
Turnover represents the total value, excluding VAT, of rent receivable made during the year and derives from the provision of services falling within the company's ordinary activities.

2Tangible fixed assets
£
Cost
At 1 December 2013 1,811,958
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2014 1,811,958
Depreciation
At 1 December 2013 59,592
Charge for the year 1,566
On disposals -
At 30 November 2014 61,158
Net book values
At 30 November 2014 1,750,800
At 30 November 2013 1,752,366
3Creditors
2014
£		 2013
£
Secured Debts 685,361 750,200
Instalment debts due after 5 years 296,561 232,561