Abbreviated Company Accounts - GROUND RENT SALES LIMITED

GROUND RENT SALES LIMITED - Company Information

07117449 GROUND RENT SALES LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 07117449 2014-04-01 2015-03-31 07117449 2015-03-31 07117449 2014-03-31 07117449 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 07117449 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 07117449

GROUND RENT SALES LIMITED

Abbreviated Accounts

31 March 2015

GROUND RENT SALES LIMITED Registered Number 07117449

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	230	307
		230	307
Current assets
Debtors		21,008	-
Cash at bank and in hand		13,611	18,881
		34,619	18,881
Creditors: amounts falling due within one year		(13,948)	(8,680)
Net current assets (liabilities)		20,671	10,201
Total assets less current liabilities		20,901	10,508
Creditors: amounts falling due after more than one year		0	(10,000)
Provisions for liabilities		(46)	(61)
Total net assets (liabilities)		20,855	447
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		20,755	347
Shareholders' funds		20,855	447

For the year ending 31 March 2015 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 9 November 2015

And signed on their behalf by:
MR S J DAVY, Director

GROUND RENT SALES LIMITED Registered Number 07117449

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 value, net of discounts, of goods provided to customers and work carried out in respect of services provided to customers.

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

Plant and machinery 25% reducing balance

Other accounting policies
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.

2Tangible fixed assets

	£
Cost
At 1 April 2014	975
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	975
Depreciation
At 1 April 2014	668
Charge for the year	77
On disposals	-
At 31 March 2015	745
Net book values
At 31 March 2015	230
At 31 March 2014	307

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100