GRAND_SLAM_INVESTMENT_LIM - Accounts
GRAND_SLAM_INVESTMENT_LIM - Accounts
Company Registration No. 05918417 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Investments
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(2,045,796 )
(1,773,178 )
Net current liabilities
(1,770,837 )
(1,499,855 )
Total assets less current liabilities
(444,084 )
(442,491 )
Capital and reserves
Called up share capital
3
Profit and loss account
(444,087 )
(442,494 )
Shareholders' funds
(444,084 )
(442,491 )
Director's responsibilities:
-
-
Approved by the Board and authorised for issue on 27 May 2016
Director
Company Registration No. 05918417
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared on a basis of going concern, which assumes that the company will be in operational existence for a foreseeable future. This depends upon the continued support of the shareholders and its creditors to enable the company meet its debts as and when they fall due. The financial statements do not include any adjustments that would result if such support is withdrawn.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Investments
£
Cost
At 1 September 2014
1,057,364
Additions
272,847
Disposals
(3,458)
At 31 August 2015
1,326,753
At 31 August 2014
1,057,364
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
ORDINARY
ORDINARY
ORDINARY
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
2
Fixed assets
(Continued)
- 3 -
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
12,778
(26,270)
(26,514)
18,329
(610,805)
(130,552)
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid