Abbreviated Company Accounts - GLENWELL LTD

04671851 GLENWELL LTD 2015-02-28 false 2014-03-01 2015-02-28 true 04671851 2014-03-01 2015-02-28 04671851 2015-02-28 04671851 2014-02-28 04671851 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 04671851 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 04671851

GLENWELL LTD

Abbreviated Accounts

28 February 2015

GLENWELL LTD Registered Number 04671851

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	497,009	497,009
		497,009	497,009
Current assets
Debtors		118,989	111,387
		118,989	111,387
Creditors: amounts falling due within one year		(412,226)	(409,937)
Net current assets (liabilities)		(293,237)	(298,550)
Total assets less current liabilities		203,772	198,459
Creditors: amounts falling due after more than one year		(291,425)	(291,424)
Total net assets (liabilities)		(87,653)	(92,965)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(87,753)	(93,065)
Shareholders' funds		(87,653)	(92,965)

For the year ending 28 February 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 December 2015

And signed on their behalf by:
BARRY FELDMAN, Director

GLENWELL LTD Registered Number 04671851

Notes to the Abbreviated Accounts for the period ended 28 February 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
The turnover shown in the profit and loss account consists solely of rental income.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 March 2014	497,009
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	497,009
Depreciation
At 1 March 2014	-
Charge for the year	-
On disposals	-
At 28 February 2015	-
Net book values
At 28 February 2015	497,009
At 28 February 2014	497,009

All fixed assets are initially recorded at cost.

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

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