Gemtrust Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03393797 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2015

for

Gemtrust Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G C Anderson

S S Matharu

SECRETARY:

G C Anderson

REGISTERED OFFICE:

c/o 6 Vigo Street

London

W1S 3HF

REGISTERED NUMBER:

03393797 (England and Wales)

FIXED ASSETS

Investments

2

200,000

200,000

CURRENT ASSETS

Debtors

698

2,031

Cash at bank

2,569

7,130

3,267

9,161

CREDITORS

Amounts falling due within one year

151,684

151,684

NET CURRENT LIABILITIES

(148,417

)

(142,523

)

TOTAL ASSETS LESS CURRENT LIABILITIES

51,583

57,477

CREDITORS

Amounts falling due after more than one year

3

200,000

200,000

NET LIABILITIES

(148,417

)

(142,523

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

(148,418

)

(142,524

)

SHAREHOLDERS' FUNDS

(148,417

)

(142,523

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 24 March 2016 and were signed on its behalf by:

G C Anderson - Director

S S Matharu - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared on the going concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents rental income excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2014

and 30 June 2015

200,000

NET BOOK VALUE

At 30 June 2015

200,000

At 30 June 2014

200,000

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.6.15

30.6.14

£

£

Repayable otherwise than by instalments

200,000

200,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

1

Ordinary

£1

1

1