GREENHILL_HOMES_(LONDON)_ - Accounts

GREENHILL HOMES (LONDON) LIMITED - Company Information

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Company Registration No. 03216512 (England and Wales)

GREENHILL HOMES (LONDON) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2015

GREENHILL HOMES (LONDON) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GREENHILL HOMES (LONDON) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,100,277

1,021,208

Current assets

Debtors

13,029

Cash at bank and in hand

47,934

56,001

47,934

69,030

Creditors: amounts falling due within one year

(35,004)

(35,404)

Net current assets

12,930

33,626

Total assets less current liabilities

1,113,207

1,054,834

Creditors: amounts falling due after more than one year

(293,383)

(293,410)

819,824

761,424

Capital and reserves

Called up share capital

100

Revaluation reserve

451,039

371,039

Profit and loss account

368,685

390,285

Shareholder's funds

819,824

761,424

For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 25 July 2016

Dr S L Gruneberg

Director

Company Registration No. 03216512

GREENHILL HOMES (LONDON) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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

Turnover

Turnover represents amounts of rents receivable .of rents receivable.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% reducing balance

1.5

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.

1.6

Investment properties

Investment properties are included in the balance sheet at their open market value.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the Standard is 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 of this which might otherwise have been charged cannot be separately identified or quantified.

GREENHILL HOMES (LONDON) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2015

- 3 -

Fixed assets

Tangible assets

Cost or valuation

At 1 November 2014

1,046,493

Revaluation

80,000

At 31 October 2015

1,126,493

Depreciation

At 1 November 2014

25,285

Charge for the year

931

At 31 October 2015

26,216

Net book value

At 31 October 2015

1,100,277

At 31 October 2014

1,021,208

Creditors: amounts falling due after more than one year

2015

2014

Analysis of loans repayable in more than five years

Total not repayable by instalments and due in more than five years

293,383

293,410

The aggregate amount of creditors for which security has been given amounted to £293,383 (2014 - £293,410).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100