Glebe Road Limited - Limited company - abbreviated - 11.9
Glebe Road Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 30 June 2015 |
| for |
| Glebe Road Limited |
| Glebe Road Limited (Registered number: 03384675) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Glebe Road Limited |
| Company Information |
| for the Year Ended 30 June 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Glebe Road Limited (Registered number: 03384675) |
| Abbreviated Balance Sheet |
| 30 June 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| Glebe Road Limited (Registered number: 03384675) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2015 |
| 1. | ACCOUNTING POLICIES |
| 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 rents receivable, excluding value added tax. Rental income is recognised on a calendar basis. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Fixed asset investments |
| In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), no depreciation |
| is provided in respect of freehold properties held as investments. This is a departure from the requirements of the |
| Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and |
| not for consumption and the directors consider that to depreciate them would not give a true and fair view. |
| Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the |
| amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. |
| The directors consider that this policy results in the financial statements giving a true and fair view. |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 July 2014 |
| Additions |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |