Garden Estates Limited - Limited company - abbreviated - 11.9
Garden Estates Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| FOR |
| GARDEN ESTATES LIMITED |
| GARDEN ESTATES LIMITED (REGISTERED NUMBER: 04680051) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| GARDEN ESTATES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| GARDEN ESTATES LIMITED (REGISTERED NUMBER: 04680051) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2015 |
| 2015 | 2014 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
| NET ASSETS |
| GARDEN ESTATES LIMITED (REGISTERED NUMBER: 04680051) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MARCH 2015 |
| 2015 | 2014 |
| Notes | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the director on |
| GARDEN ESTATES LIMITED (REGISTERED NUMBER: 04680051) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention. |
| Financial reporting standard number 1 |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company |
| qualifies as a small company. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Investment properties |
| (a) The group's investment properties were valued by the directors on an open market basis. |
| (b) The historical cost of investment properties at 31 March 2014 is £1.259m. |
| (c) Cost of investment properties includes all direct development costs & bank interest paid up to end |
| of the development. |
| (d) Investment properties are accounted for in accordance with SSAP 19. No depreciation is provided |
| in respect of such properties. Although the Companies Act 1985 would normally require the |
| systematic annual depreciation of fixed assets it is believed that this policy of not providing |
| depreciation is necessary in order for the accounts to give a true and fair view, since the current value |
| of investment property and changes in that current value, are of prime importance rather than a |
| calculation of systematic annual depreciation. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 | 100 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| GARDEN ESTATES LIMITED (REGISTERED NUMBER: 04680051) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| 2. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the Balance Sheet date in the share capital of companies include the |
| following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary Shares | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 1,186,390 | 285,012 |
| Profit for the year | 60,988 | 67,062 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 4. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable by instalments | 577,673 | 368,000 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary shares | £1 |