Great Picton Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04390497 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

GREAT PICTON LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P Mendes da Costa

Mrs M W Mendes da Costa

SECRETARY:

Mrs M W Mendes da Costa

REGISTERED OFFICE:

112 Ifield Road

London

London

SW10 9AF

REGISTERED NUMBER:

04390497 (England and Wales)

ACCOUNTANTS:

C Jezierski Associates

43 Chiswick Lane

London

W4 2LR

CURRENT ASSETS

Stocks

1,269,938

1,213,379

Debtors

183,000

80,000

Cash at bank

3,877

119,581

1,456,815

1,412,960

CREDITORS

Amounts falling due within one year

17,540

11,431

NET CURRENT ASSETS

1,439,275

1,401,529

TOTAL ASSETS LESS CURRENT LIABILITIES

1,439,275

1,401,529

CREDITORS

Amounts falling due after more than one year

1,356,000

1,394,000

NET ASSETS

83,275

7,529

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

83,273

7,527

SHAREHOLDERS' FUNDS

83,275

7,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 December 2015 and were signed on its behalf by:

P Mendes da Costa - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents the net contracted sales of shares.

Stocks

Stocks are valued at the lower of cost or net realisable value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

as restated

£

£

2

Ordinary shares

£1

2

2