| Glenridge Estates (Herts) Limited |
Registered number |
| Abbreviated Balance Sheet |
03884772 |
| as at 28 February 2015 |
|
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
|
| Fixed assets |
| Tangible assets |
2 |
|
|
- |
|
|
43 |
|
| Current assets |
| Debtors |
|
|
9,452 |
|
|
16,235 |
| Cash at bank and in hand |
|
|
50 |
|
|
99 |
|
|
|
9,502 |
|
|
16,334 |
|
| Creditors: amounts falling due within one year |
|
|
(26,838) |
|
|
(29,197) |
|
| Net current liabilities |
|
|
|
(17,336) |
|
|
(12,863) |
|
| Net liabilities |
|
|
|
(17,336) |
|
|
(12,820) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(17,338) |
|
|
(12,822) |
|
| Shareholders' funds |
|
|
|
(17,336) |
|
|
(12,820) |
|
|
|
|
|
|
|
|
|
|
| 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 (Herts) 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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: |
|
Equipment - |
25% p.a. on the reducing balance basis |
|
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 March 2014 |
1,045 |
|
Disposals |
(1,045) |
|
At 28 February 2015 |
- |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2014 |
1,002 |
|
On disposals |
(1,002) |
|
At 28 February 2015 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2015 |
- |
|
At 28 February 2014 |
43 |
|
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
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. |
