Abbreviated Company Accounts - EUROGRAND LIMITED

Registered Number 03165346

EUROGRAND LIMITED

Abbreviated Accounts

30 June 2015

EUROGRAND LIMITED Registered Number 03165346

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	150,068	150,091
		150,068	150,091
Current assets
Debtors		28,929	29,867
Cash at bank and in hand		30,067	21,457
		58,996	51,324
Creditors: amounts falling due within one year		(66,874)	(68,105)
Net current assets (liabilities)		(7,878)	(16,781)
Total assets less current liabilities		142,190	133,310
Total net assets (liabilities)		142,190	133,310
Capital and reserves
Called up share capital		2	2
Revaluation reserve		128,908	128,908
Profit and loss account		13,280	4,400
Shareholders' funds		142,190	133,310

For the year ending 30 June 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 19 November 2015

And signed on their behalf by:
Mr A Frankel, Director

EUROGRAND LIMITED Registered Number 03165346

Notes to the Abbreviated Accounts for the period ended 30 June 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.

Tangible 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:

Fixtures and Fittings 25% reducing balance

Other accounting policies
Investment properties are revalued annually and the aggregate surplus or deficit transferred to the revaluation reserve except where any deficit is deemed permanent when it is taken to the Profit and Loss Account. No provision is made for depreciation of investment properties. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view. The depreciation charge is only one of the factors reflected in the annual valuation and, therefore, the effect of the departure cannot be readily quantified. The directors consider that this policy results in the accounts giving a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 July 2014	151,150
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	151,150
Depreciation
At 1 July 2014	1,059
Charge for the year	23
On disposals	-
At 30 June 2015	1,082
Net book values
At 30 June 2015	150,068
At 30 June 2014	150,091