Glenridge Estates Limited - Abbreviated accounts

GLENRIDGE ESTATES LTD. - Company Information

Registered number

03515327

Glenridge Estates Limited

Abbreviated Accounts

28 February 2015

Glenridge Estates Limited						Registered number
Abbreviated Balance Sheet						03515327
as at 28 February 2015


Notes			2015			2014
£				£

Current assets
Debtors		-			1,002
Cash at bank and in hand		237			55
		237			1,057

Creditors: amounts falling due within one year		(70,921)			(70,862)

Net current liabilities			(70,684)			(69,805)

Net liabilities			(70,684)			(69,805)

Capital and reserves
Called up share capital	2		100			100
Profit and loss account			(70,784)			(69,905)

Shareholders' funds			(70,684)			(69,805)



The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




B Deschauer
Director
Approved by the board on 19 February 2016

Glenridge Estates Limited
Notes to the Abbreviated Accounts
for the year ended 28 February 2015


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Going concern basis
	As part of a rationalisation of group activities, the company's remaining business activities were transferred to another group company in November 2015. This left the company with very few debts owing outside the group and the intention is to settle any legitimate balances from group resources so as to facilitate an orderly dissolution of the company. The company's balance sheet shows an excess of liabilities over assets but it is assumed that the company's holding company will continue to provide such financial assistance to the company as is necessary for it to discharge its responsibilities. In the particular circumstances of this case, the director does not consider that it would be meaningful to attempt to re-state the accounts on a break-up basis.

	Turnover
	Turnover represents the amount receivable by the company in relation to the sale of plots of land and related income.



2	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100



3	Controlling parties

	At 28 February 2015 the company was a wholly owned subsidiary of Commonwealth Properties Limited. The ultimate holding company was AKM Holdings Limited, incorporated in Guernsey, and the ultimate controlling party was Mr B A Deschauer.