Abbreviated Company Accounts - GL FINANCE LONDON LTD.

GL ASSET MANAGEMENT UK LIMITED - Company Information

08764246 GL FINANCE LONDON LTD. 2015-11-30 false 2014-12-01 2015-11-30 true 08764246 2014-12-01 2015-11-30 08764246 2015-11-30 08764246 2014-11-30 08764246 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 08764246 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number 08764246

GL FINANCE LONDON LTD.

Abbreviated Accounts

30 November 2015

GL FINANCE LONDON LTD. Registered Number 08764246

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	17,641	28,240
		17,641	28,240
Current assets
Debtors		70,649	53,590
Cash at bank and in hand		32,299	3,019
		102,948	56,609
Creditors: amounts falling due within one year		(25,559)	(308,521)
Net current assets (liabilities)		77,389	(251,912)
Total assets less current liabilities		95,030	(223,672)
Total net assets (liabilities)		95,030	(223,672)
Capital and reserves
Called up share capital	3	860,000	10,000
Profit and loss account		(764,970)	(233,672)
Shareholders' funds		95,030	(223,672)

For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 11 March 2016

And signed on their behalf by:
G Lillevali, Director

GL FINANCE LONDON LTD. Registered Number 08764246

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

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

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 33% on cost
Fixtures and fittings - 20% on cost

Other accounting policies
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance
sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of
transaction. Exchange differences are taken into account in arriving at the operating result.

2Tangible fixed assets

	£
Cost
At 1 December 2014	35,993
Additions	587
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	36,580
Depreciation
At 1 December 2014	7,753
Charge for the year	11,186
On disposals	-
At 30 November 2015	18,939
Net book values
At 30 November 2015	17,641
At 30 November 2014	28,240

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
860,000 Ordinary shares of £1 each (10,000 shares for 2014)	860,000	10,000

850,000 Ordinary shares of 1 each were allotted and fully paid for cash at par during the year.