Accounts filed on 31-03-2016

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			Company registration number:00524735
		GLANMOOR INVESTMENTS LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 March 2016

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GLANMOOR INVESTMENTS LIMITED
BALANCE SHEET
AS AT 31 March 2016
			2016				2015
		Notes	£		£		£		£
FIXED ASSETS
Investments					74,257				60,390
Tangible assets		2			8,564,047				8,004,724
					8,638,304				8,065,114
CURRENT ASSETS
Stocks			1,313,129				2,950,151
Debtors			251,524				591,935
Cash at bank and in hand			2,547,745				1,266,434
			4,112,398				4,808,520
CREDITORS
Amounts falling due within one year			(137,992)				(164,335)
NET CURRENT ASSETS					3,974,406				4,644,185
TOTAL ASSETS LESS
CURRENT LIABILITIES					12,612,710				12,709,299
NET ASSETS					12,612,710				12,709,299
CAPITAL AND RESERVES
Called-up equity share capital		4			500,000				500,000
Revaluation Reserve					1,783,139				1,783,139
Profit and loss account					10,329,571				10,426,160
SHAREHOLDERS FUNDS					12,612,710				12,709,299
For the year ending 31 March 2016 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 the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
..........................................................................
W J H Spooner
8 June 2016
The annexed notes form part of these financial statements.

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GLANMOOR INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents rents and income receivable from the company's freehold properties, exclusive of Value Added Tax.

Investments

Investment properties are included in the balance sheet at their open market value, and are not depreciated. Although this accounting policy is in accordance with SSAP 19 'Accounting for Investment Properties', it is a departure from the general requirements of the Companies Act 2006 for all fixed assets with a finite life to be depreciated. In the opinion of the directors compliance with the accounting standard is necessary for the financial statements to give a true and fair view because the properties are held for investment rather than consumption, and therefore systematic annual depreciation would not be appropriate. Surpluses and temporary deficits arising on valuations are taken to revaluation reserve, whilst permanent diminutions in value are taken to the profit and loss account. Investments other than investment properties are stated at the lower of cost and net realisable value. Debentures from The All England Lawn Tennis Group Plc. are written off over 5 years on an income receivable basis.

Fixed assets

Depreciation is not provided on freehold property and leasehold property held for investment purposes. Revaluation surpluses and deficits on properties and investments are taken direct to revaluation reserves. Where the market value of investment properties is not materially different from cost, the relevant property is shown at cost. Depreciation on office accommodation is calculated on a straight line basis using the rate shown below.

Land and buildings £500 per annum

Stocks and work In progress

Stocks and work in progress are valued consistently at the lower of cost (on a first in, first out basis) or net realisable value. Cost, where appropriate, includes a proportion of directly attributable overheads.

Leasing

Leasing rentals payable on agreements which transfer substantially all the risk and rewards associated with ownership of the lessee ("finance leases") are capitalised within fixed assets, and the obligation to pay future rentals included in creditors as a liability. The interest charges implicit in such a lease are written off to the profit and loss account in proportion to the balance outstanding during the year. All other leasing rentals ("operating leases") are written off to the profit and loss account over the life of the lease.

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based upon rates enacted at the balance sheet date.

Pension scheme

The company operates a defined contribution pension scheme for the benefit of two of its directors, and two employees. The costs of contributions are written off against profits in the year they are payable.

Group financial statements

Consolidated accounts have not been prepared by virtue of the group, as headed by the company, qualifying as a small group in accordance with Sections 382 and 383 of the Companies Act 2006.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			8,063,541
	Additions			559,823
	At end of period			8,623,364
	Depreciation
	At start of period			58,817
	Provided during the period			500
	At end of period			59,317
	Net Book Value
	At start of period			8,004,724
	At end of period			8,564,047

3.	Debtors secured
	Interest is charged on any directors loan balances at 3.25% per annum on any balance in excess of £10,000 until it is repaid in full.

4.	Share capital				Allotted, issued and fully paid
					2016	2015
					£	£
	Ordinary shares of £1 each				500,000	500,000
	Total issued share capital				500,000	500,000
5.	Ultimate controlling party
	The company is under the control of the directors.