Glemway Properties Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00917262 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

GLEMWAY PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs A J Dunhill-Turner

Mrs D M Dunhill

Mrs P A Nicholson

SECRETARY:

Mrs A J Dunhill-Turner

REGISTERED OFFICE:

Fifith Floor

11 Leadenhall Street

London

EC3V 1LP

REGISTERED NUMBER:

00917262 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Chartered Accountants & Tax Advisers

Fifth Floor

11 Leadenhall Street

London

EC3 V1LP

FIXED ASSETS

Tangible assets

2

64,706

66,496

CURRENT ASSETS

Debtors

62,520

48,297

Cash at bank

57,248

78,828

119,768

127,125

CREDITORS

Amounts falling due within one year

88,407

96,567

NET CURRENT ASSETS

31,361

30,558

TOTAL ASSETS LESS CURRENT LIABILITIES

96,067

97,054

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

95,967

96,954

SHAREHOLDERS' FUNDS

96,067

97,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 6 September 2016 and were signed on its behalf by:

Mrs A J Dunhill-Turner - Director

1.	ACCOUNTING POLICIES

ACCOUNTING CONVENTION

The financial statements 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 amounts invoiced for the rental of properties.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

89,316

Disposals

(17,420

)

At 31 December 2015

71,896

DEPRECIATION

At 1 January 2015

22,820

Charge for year

1,790

Eliminated on disposal

(17,420

)

At 31 December 2015

7,190

NET BOOK VALUE

At 31 December 2015

64,706

At 31 December 2014

66,496

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

as restated

£

£

100

Ordinary

£1

100

100