GROUPADI LIMITED Accounts filed on 28-02-2015
GROUPADI LIMITED Accounts filed on 28-02-2015
GROUPADI LIMITED
Company Registration Number:
07219196 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st March 2014
End date: 28th February 2015
SUBMITTED
GROUPADI LIMITED
Company Information
for the Period Ended
28th February 2015
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GROUPADI LIMITED
Abbreviated Balance sheet
As at 28th February 2015
| Notes | 2015 £ |
2014 £ |
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| Fixed assets | |||
| Tangible assets: | 2 |
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| Total fixed assets: |
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| Debtors: |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year |
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| Net current assets (liabilities): | ( |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
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| Total net assets (liabilities): |
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The notes form part of these financial statements
GROUPADI LIMITED
Abbreviated Balance sheet
As at 28th February 2015
continued
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2014 £ |
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| Capital and reserves | |||
| Called up share capital: | 3 |
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| Revaluation reserve: |
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| Profit and Loss account: |
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| Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Dean Proctor
Status: Director
The notes form part of these financial statements
GROUPADI LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
28th February 2015
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1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements 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 amounts chargeable in respect of rental income. Tangible fixed assets depreciation policy
Depreciation is not provided according to the Investment Property note. Asset class Depreciation method and rate Investment property No depreciation provided Fixtures and fittings Reducing balance method at 25% Valuation information and policy
Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view.
GROUPADI LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
28th February 2015
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2. Tangible assets
Total Cost £ At 01st March 2014: 451,508 Revaluations: 100,000 At 28th February 2015: 551,508 Depreciation At 01st March 2014: 405 Charge for year: 304 At 28th February 2015: 709 Net book value At 28th February 2015: 550,799 At 28th February 2014: 451,103