GEMS REAL ESTATE LTD Accounts filed on 31-12-2014

GEMS REAL ESTATE LTD - Company Information

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GEMS REAL ESTATE LTD

Company Registration Number:
07428968 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st January 2014

End date: 31st December 2014

SUBMITTED

Company Information
for the Period Ended 31st December 2014

Director:		Miss Simona ROMAGNOLI



Company secretary:		ANASTASIA SECRETARIAT SERVICES LTD



Registered office:		Birchin Court Suite 603 20 Birchin Lane


		London
		City Of London
		EC3V 9DU




Company Registration Number:		07428968 (England and Wales)

Abbreviated Balance sheet
As at 31st December 2014

	Notes	2014 £	2013 £
Fixed assets
Tangible assets:	2	363,128	365,009
Total fixed assets:		363,128	365,009
Current assets
Debtors:		354	44,715
Cash at bank and in hand:		19	17
Total current assets:		373	44,732
Creditors
Creditors: amounts falling due within one year		45,866	78,052
Net current assets (liabilities):		( 45,493 )	( 33,320 )
Total assets less current liabilities:		317,635	331,689
Creditors: amounts falling due after more than one year:		0	-
Total net assets (liabilities):		317,635	331,689

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st December 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	3	358,260	358,260
Profit and Loss account:		( 40,625 )	( 26,571 )
Total shareholders funds:		317,635	331,689

For the year ending 31 December 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 24 September 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Miss Simona ROMAGNOLI
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover policy

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 15% on cost, Fixtures and fittings - 10% on cost, Motor vehicles - 25% on cost.

Valuation information and policy

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

2. Tangible assets

	Total
Cost	£
At 01st January 2014:	365,009
At 31st December 2014:	365,009
Depreciation
Charge for year:	1,881
At 31st December 2014:	1,881
Net book value
At 31st December 2014:	363,128
At 31st December 2013:	365,009

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

3. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	358,260	1.00 1.00	358,260
Total share capital:			358,260

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	358,260	1.00 1.00	358,260
Total share capital:			358,260

GEMS REAL ESTATE LTD Accounts filed on 31-12-2014