Greensage Limited - Limited company - abbreviated

REGISTERED NUMBER: 04413630 (England and Wales)

GREENSAGE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C N Brodie

G S Brodie

SECRETARY:

D L Hurlock

REGISTERED OFFICE:

Gladstone House

77 - 79 High Street

Egham

Surrey

TW20 9HY

REGISTERED NUMBER:

04413630 (England and Wales)

FIXED ASSETS

Tangible assets

2

390,000

CURRENT ASSETS

Debtors

3,903

8,610

Cash at bank

155,405

158,658

159,308

167,268

CREDITORS

Amounts falling due within one year

(24,180

)

(25,817

)

NET CURRENT ASSETS

135,128

141,451

TOTAL ASSETS LESS CURRENT
LIABILITIES

525,128

531,451

CAPITAL AND RESERVES

Called up share capital

3

2,002

Profit and loss account

523,126

529,449

SHAREHOLDERS' FUNDS

525,128

531,451

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 2 February 2016 and were signed on its behalf
by:

C N Brodie - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is

appropriate because there are no material uncertainties related to events or conditions that may cast

significant doubt about the ability of the company to continue as a going concern.

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 net invoiced sales of services, excluding value added tax.

Investment properties

Investment property is included in the balance sheet at market value.

Surpluses or deficits arising on revaluation are transferred to the revaluation reserve unless a deficit (or its

reversal) is expected to be permanent, in which case it is charged (or credited) in the profit and loss account

of the period.

No depreciation or amortisation is provided in respect of freehold investment properties. This treatment may

be a departure from the Companies Act requirements concerning the depreciation of fixed assets. However,

the properties are not held for consumption but for investment and the directors consider that systematic

annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the

accounts to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in

the annual valuation and the amount which might otherwise have been shown cannot be separately identified

or quantified.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 September 2014

and 31 August 2015

390,000

NET BOOK VALUE

At 31 August 2015

390,000

At 31 August 2014

390,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary Shares

£1

2

2,000

Ordinary shares 'B'

£1

2,000

2,002

The ordinary shares are entitled to full voting, dividend and capital distribution rights.

The ordinary 'B' shares have dividend and capital distribution rights attached, but they are non-voting shares.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2015 and

31 August 2014:

2015

2014

£

C N Brodie

Balance outstanding at start of year

-

Amounts advanced

334

-

Amounts repaid

-

Balance outstanding at end of year

334

-

The director's loan was repaid within nine months of the year end.

Greensage Limited - Limited company - abbreviated - 11.9

Greensage Limited - Limited company - abbreviated - 11.9