Glenridge (Kingshill) Limited - Abbreviated accounts

GLENRIDGE (KINGSHILL) LIMITED - Company Information

Registered number

05560334

Glenridge (Kingshill) Limited

Abbreviated Accounts

28 February 2015

Glenridge (Kingshill) Limited						Registered number
Abbreviated Balance Sheet						05560334
as at 28 February 2015


Notes			2015			2014

£				£

Current assets
Stocks		29,125			41,708
Debtors	2	269,569			554,368
Cash at bank and in hand		14,082			11,219
		312,776			607,295

Creditors: amounts falling due within one year		(51,324)			(159,290)

Net current assets			261,452			448,005

Total assets less current liabilities			261,452			448,005

Deferred income			(223,050)			(312,800)

Net assets			38,402			135,205

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			38,302			135,105

Shareholders' funds			38,402			135,205



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 (Kingshill) 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 had a surplus of assets over liabilities at 28 February 2015 and, 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 and deferred income
	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 had a surplus of assets over liabilities at 28 February 2015 and, 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.

	Stocks
	Stock is valued at the lower of cost and net realisable value.



2	Debtors					2015		2014
£							£
	Debtors include:

	Amounts due after more than one year					-		5,213



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



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.