Abbreviated Company Accounts - G.M. TRADING OVERSEAS LIMITED

G.M. TRADING OVERSEAS LIMITED - Company Information

05444448 G.M. TRADING OVERSEAS LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 05444448 2014-07-01 2015-06-30 05444448 2015-06-30 05444448 2014-06-30 05444448 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 05444448 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:EUR shares

Registered Number 05444448

G.M. TRADING OVERSEAS LIMITED

Abbreviated Accounts

30 June 2015

G.M. TRADING OVERSEAS LIMITED Registered Number 05444448

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		€	€
Fixed assets
Tangible assets	2	501,634	501,634
		501,634	501,634
Current assets
Cash at bank and in hand		31,137	30,918
		31,137	30,918
Creditors: amounts falling due within one year		(203,675)	(196,728)
Net current assets (liabilities)		(172,538)	(165,810)
Total assets less current liabilities		329,096	335,824
Total net assets (liabilities)		329,096	335,824
Capital and reserves
Called up share capital	3	380,882	380,882
Profit and loss account		(51,786)	(45,058)
Shareholders' funds		329,096	335,824

For the year ending 30 June 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 22 March 2016

And signed on their behalf by:
Patrick Lecourt, Director

G.M. TRADING OVERSEAS LIMITED Registered Number 05444448

Notes to the Abbreviated Accounts for the period ended 30 June 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 April 2008.

Turnover policy
Turnover comprises rental income recognised by the company exclusive of Value Added Tax.

Tangible assets depreciation policy
Investment property is included in the balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008 ) and as such are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the Company.

Other accounting policies
The company has not disclosed the ultimate controlling party which is a requirement of the Financial Reporting Standard for Smaller Entities(effective April 2008). This is a departure from accounting standard. The director is of opinion that non disclosure of this information does not affect the truth and fairness of the financial statements.

2Tangible fixed assets

	€
Cost
At 1 July 2014	501,634
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	501,634
Depreciation
At 1 July 2014	-
Charge for the year	-
On disposals	-
At 30 June 2015	-
Net book values
At 30 June 2015	501,634
At 30 June 2014	501,634

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

	2015 €	2014 €
263,517 Ordinary shares of €1 each	263,517	263,517

The share value is in
£.