G B Edwards Limited - Period Ending 2015-08-31

Registration number: 647625

G B Edwards Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

G B Edwards Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

G B Edwards Limited
(Registration number: 647625)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					140,001			140,001
Creditors: Amounts falling due within one year					(150,489)			(147,413)
Net liabilities					(10,488)			(7,412)
Capital and reserves
Called up share capital		3			12,500			12,500
Revaluation reserve					118,437			118,437
Profit and loss account					(141,425)			(138,349)
Shareholders' deficit					(10,488)			(7,412)

For the year ending 31 August 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 director acknowledges her 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the director on 20 May 2016

.........................................
Mrs Penelope Ann Truscott
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

G B Edwards Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis as the director has confirmed her financial support of the company.

Turnover

The company did not trade during the year.

Depreciation

The value of the company's plant and equipment has been written down to £1

Asset class	Depreciation method and rate
Plant and equipment	Nil

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2014		158,557			158,557
At 31 August 2015		158,557			158,557
Depreciation
At 1 September 2014		18,556			18,556
At 31 August 2015		18,556			18,556
Net book value
At 31 August 2015		140,001			140,001
At 31 August 2014		140,001			140,001

Page 2

G B Edwards Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Shares of £1 each		12,500			12,500			12,500			12,500

Page 3