GRANDEUR_GLOBAL_LIMITED - Accounts

GRANDEUR GLOBAL LIMITED - Company Information

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Company Registration No. 07947371 (England and Wales)

GRANDEUR GLOBAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 AUGUST 2015

LB GROUP

82 East Hill

Colchester

Essex

CO1 2QW

GRANDEUR GLOBAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GRANDEUR GLOBAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

5,086,385

5,118,795

Current assets

Debtors

18,590

Cash at bank and in hand

3,196

9,078

21,786

9,078

Creditors: amounts falling due within one year

(23,489)

(24,160)

Net current liabilities

(1,703)

(15,082)

Total assets less current liabilities

5,084,682

5,103,713

Creditors: amounts falling due after more than one year

(5,088,322)

(5,103,712)

(3,640)

Capital and reserves

Called up share capital

Profit and loss account

(3,641)

Shareholders' funds

(3,640)

For the financial year ended 30 August 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 members have 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 for issue on 19 August 2016

Mr C K Ching

Director

Company Registration No. 07947371

GRANDEUR GLOBAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 AUGUST 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention 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 receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

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

Land and buildings Freehold

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.6

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.

Fixed assets

Tangible assets

Cost

At 1 September 2014

5,118,795

Disposals

(32,410)

At 30 August 2015

5,086,385

At 31 August 2014

5,118,795

GRANDEUR GLOBAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 AUGUST 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary shares of £1 each