Accounts filed on 31-10-2015

trueGlendrove Limited039262882015-10-31773079692103126757711866011001004943984943981267577118660134533312679221186934-1517341-135747715261901376172884918695884918695278526325444113542472327817212539688Basis of accounting The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), subject to the departures referred to below. Turnover The turnover shown in the profit and loss account represents rent received in respect of investment properties. Investment properties No depreciation is provided in respect of investment properties. The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principles set out in the Financial Reporting Standard for Smaller Entities (effective April 2008). The director considers that, because the properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view as is necessary to adopt the Financial Reporting Standard for Smaller Entities (effective April 2008). If this departure from the Act had not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the value of the property and the amount which might otherwise have been shown cannot be separately identified or quantified. Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax. Fixed Assets All tangible fixed assets are initially recorded at cost. Financial Instruments Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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. Fixtures & Fittingsreducing balance0.2500Motor Vehiclesreducing balance0.250043037430373949538314118127897212539688250033800008000The investment properties were valued at 31 October 2011 on an open market value basis by Mr P F Wride, the director. The historical cost of investment properties is £2,287,323 (2014 - £2,045,290). 2832758258272525003347495383149181 The investment properties were valued at 31 October 2011 on an open market value basis by Mr P F Wride, the director. The historical cost of investment properties is £2,287,323 (2014 - £2,045,290). Ordinary1000110001000Ordinary11001001002016-06-30Mr P F Wridetruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureGlendrove Limited2014-11-012015-10-31Glendrove Limited2013-11-012014-10-31Glendrove Limited2013-10-31Glendrove Limited2014-10-31Glendrove Limited2014-10-31Glendrove Limited2015-10-31 2016-07-11