Abbreviated Company Accounts - GS ESTATES V LIMITED

Abbreviated Company Accounts - GS ESTATES V LIMITED

GS ESTATES V LIMITED - Company Information

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Registered Number SC460360

GS ESTATES V LIMITED

Abbreviated Accounts

30 September 2015

GS ESTATES V LIMITED Registered Number SC460360

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 500,000 500,000
500,000 500,000
Creditors: amounts falling due within one year (375,000) (375,000)
Net current assets (liabilities) (375,000) (375,000)
Total assets less current liabilities 125,000 125,000
Total net assets (liabilities) 125,000 125,000
Capital and reserves
Called up share capital 100 100
Profit and loss account 124,900 124,900
Shareholders' funds 125,000 125,000
  • For the year ending 30 September 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 29 June 2016

And signed on their behalf by:
D O'Doherty, Director

GS ESTATES V LIMITED Registered Number SC460360

Notes to the Abbreviated Accounts for the period ended 30 September 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.

2Tangible fixed assets
£
Cost
At 1 October 2014 500,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2015 500,000
Depreciation
At 1 October 2014 -
Charge for the year -
On disposals -
At 30 September 2015 -
Net book values
At 30 September 2015 500,000
At 30 September 2014 500,000

There is an ongoing dispute regarding the misrepresentation of the values of the property and the loan secured against the property. The lending company is in liquidation. The amounts stated on these accounts is the Directors valuation of both property and loan.