Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
trueGround Rent Consultants Limited06122798920 8142 482016-03-31168217177502168218177503111682181775031682181775031671291775031007111461681361886492321101501658151784991089010890Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents commissions,fees and profits earned in respect of ground rents brokered and advice given during the period, net of VAT.
Website Domain Name
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Website Domain Name-3 years straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Fixed Assets
All 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.EquipmentStraight line0.33331452014523630363244024402440244038922440145228032440363Ordinary1000110001000Ordinary1111At the year end the company owed the Director, Mr C Avery, £227 (2015 - £227). The loan is unsecured and repayable on demand.
During the year the company paid office premises costs of £10,400 for the year (2015 - £14,400) to the director, Mr C Avery.Director's current accounts2016-07-29Mr Christopher Averytruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureGround Rent Consultants Limited2015-04-012016-03-31Ground Rent Consultants Limited2014-04-012015-03-31Ground Rent Consultants Limited2014-03-31Ground Rent Consultants Limited2015-03-31Ground Rent Consultants Limited2015-03-31Ground Rent Consultants Limited2016-03-31 2016-08-01
