Gaymorn Investment Co. Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00761475 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2016

FOR

GAYMORN INVESTMENT CO. LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

E A K Pettitt

REGISTERED OFFICE:

12 Mospey Crescent

Epsom

Sutton

Surrey

KT17 4LZ

REGISTERED NUMBER:

00761475 (England and Wales)

ACCOUNTANTS:

Maurice Apple

Chartered Accountants

3rd Floor, 4 The Exchange

Brent Cross Gardens

London

NW4 3RJ

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Gaymorn Investment Co. Limited for the year ended 5 April 2016 which comprise the Profit and

Loss Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Gaymorn Investment Co. Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gaymorn Investment Co. Limited and state those matters that we have agreed to state to the director of Gaymorn Investment Co. Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Gaymorn Investment Co. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gaymorn Investment Co. Limited. You consider that Gaymorn Investment Co. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gaymorn Investment Co. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Maurice Apple

Chartered Accountants

3rd Floor, 4 The Exchange

Brent Cross Gardens

London

NW4 3RJ

22 June 2016

FIXED ASSETS

Tangible assets

2

871,120

871,317

CURRENT ASSETS

Debtors

99,195

Cash at bank

150,359

118,354

249,554

217,549

CREDITORS

Amounts falling due within one year

11,077

12,515

NET CURRENT ASSETS

238,477

205,034

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,109,597

1,076,351

CAPITAL AND RESERVES

Called up share capital

3

100

Revaluation reserve

634,166

Profit and loss account

475,331

442,085

SHAREHOLDERS' FUNDS

1,109,597

1,076,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 21 June 2016 and were signed by:

E A K Pettitt - Director

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 January

2015).

Turnover

Turnover represents rent receivable.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture and equipment

-

15% on reducing balance

In compliance with the requirements of Statement of Standard Accounting Practice No 19 issued by the

Accounting Standards Board, no depreciation is provided in respect of the freehold investment properties. The

application of the standard represents a departure from the requirements of the Companies Act 2006 for the

overriding purpose of giving a true and fair view.

In accordance with SSAP 19 investment properties are revalued annually and the aggregate surplus or deficit is

transferred to a revaluation reserve with the exception of any permanent diminution below historic cost which is

taken to the profit and loss account.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 6 April 2015

and 5 April 2016

875,482

DEPRECIATION

At 6 April 2015

4,165

Charge for year

197

At 5 April 2016

4,362

NET BOOK VALUE

At 5 April 2016

871,120

At 5 April 2015

871,317

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

1

100

4.	RELATED PARTY DISCLOSURES

E A K Pettitt

Director

2016

2015

£

Amount due to related party at the balance sheet date

1,200

Wallace Wholesale Limited

A company in which E A K Pettitt is a director

2016

2015

£

Amount due from related party at the balance sheet date

99,195

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is E A K Pettitt.