Abbreviated Company Accounts - GEMWAY ESTATES LTD

Abbreviated Company Accounts - GEMWAY ESTATES LTD

GEMWAY ESTATES LTD - Company Information

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Registered Number 04976921

GEMWAY ESTATES LTD

Abbreviated Accounts

30 November 2015

GEMWAY ESTATES LTD Registered Number 04976921

Abbreviated Balance Sheet as at 30 November 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,750,101 1,750,800
1,750,101 1,750,800
Creditors: amounts falling due within one year 3 (907,002) (890,388)
Net current assets (liabilities) (907,002) (890,388)
Total assets less current liabilities 843,099 860,412
Creditors: amounts falling due after more than one year 3 (571,516) (638,637)
Total net assets (liabilities) 271,583 221,775
Capital and reserves
Called up share capital 100 100
Revaluation reserve 183,732 183,732
Profit and loss account 87,751 37,943
Shareholders' funds 271,583 221,775
  • For the year ending 30 November 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 16 August 2016

And signed on their behalf by:
Jonah Perelman, Director

GEMWAY ESTATES LTD Registered Number 04976921

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

Turnover policy
Turnover represents the total value, excluding VAT, of rent receivable made during the year and derives from the provision of services falling within the company's ordinary activities.

2Tangible fixed assets
£
Cost
At 1 December 2014 1,811,958
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2015 1,811,958
Depreciation
At 1 December 2014 61,158
Charge for the year 699
On disposals -
At 30 November 2015 61,857
Net book values
At 30 November 2015 1,750,101
At 30 November 2014 1,750,800
3Creditors
2015
£		 2014
£
Secured Debts 685,362 750,201
Instalment debts due after 5 years 296,561 361,361