Grappenhall Investments Limited - Abbreviated accounts 16.1
Grappenhall Investments Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
| FOR |
| GRAPPENHALL INVESTMENTS LIMITED |
| GRAPPENHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 03434127) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 30 SEPTEMBER 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| GRAPPENHALL INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 SEPTEMBER 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| GRAPPENHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 03434127) |
| ABBREVIATED BALANCE SHEET |
| 30 SEPTEMBER 2015 |
| 30.9.15 | 30.9.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Debtors | 3 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 financial statements were approved by the director on |
| GRAPPENHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 03434127) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 30 SEPTEMBER 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
| 2015). |
| Turnover |
| Turnover represents the rental income from investment properties. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| market value is transferred to a revaluation reserve. |
| In accordance with the Financial Reporting Standard fo Smaller Entities (effective April 2008), (i) investment |
| properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve, and |
| (ii) no depreciation is provided in respect of freehold investment properties. The requirement of the Companies |
| Act 2006 is to depreciate all properties, but that requirement conflicts with the generally accepted accounting |
| principle set out in the Financial Reporting Standard fo Smaller Entities (effective April 2008). The Directors |
| consider that to depreciate such properties would not give a true and fair view, but that a true and fair view is |
| given by following the Financial Reporting Standard fo Smaller Entities (effective April 2008) as described above. |
| If this departure had not been made the profit for the financial year would have been reduced by depreciation on |
| the historic cost of £29,205 (2014: £29,205). |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date except that no provision is made for the taxation that would be payable if the investment |
| properties were sold at their revalued amounts. |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 October 2014 |
| Revaluations |
| At 30 September 2015 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 |
| 3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Repayable otherwise than by instalments | 1,907,973 | 1,908,066 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.15 | 30.9.14 |
| value: | £ | £ |
| Ordinary | £1 |
| GRAPPENHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 03434127) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 30 SEPTEMBER 2015 |
| 6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 September 2015 and |
| 30 September 2014: |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| The loan to the director carries interest at the official rate. The amounts advanced comprised £80,600 of cash |
| advances and £17,853 of interest charged. |
| 7. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |