Colgate and Gray Land Limited - Limited company - abbreviated - 11.0.0
Colgate and Gray Land Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 December 2013 |
| for |
| Colgate and Gray Land Limited |
| Colgate and Gray Land Limited (Registered number: 00460382) |
| Contents of the Abbreviated Accounts |
| for the year ended 31 December 2013 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Colgate and Gray Land Limited |
| Company Information |
| for the year ended 31 December 2013 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Colgate and Gray Land Limited (Registered number: 00460382) |
| Abbreviated Balance Sheet |
| 31 December 2013 |
| 2013 | 2012 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| 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 |
| Colgate and Gray Land Limited (Registered number: 00460382) |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2013 |
| 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 April |
| 2008). |
| Turnover |
| Turnover, represents amounts receivable in respect of rent charged in the normal course of business, net of |
| discounts, and sales related taxes. |
| Turnover is recognised as earned when, and to the extent that, the company obtains the right to rental income. |
| Tangible fixed assets |
| Motor vehicles | - |
| Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. |
| Investment property |
| Investment properties are revalued annually. Surpluses or deficits on individual properties are transferred to the |
| investment revaluation reserve, except that a deficit which is expected to be permanent and which is in excess of |
| any previously recognised surplus over cost relating to the same property, or the reversal of such a deficit, is |
| charged (or credited) to the profit and loss account. |
| Depreciation is not provided in respect of freehold investment properties, or in respect of leasehold investment |
| properties where the unexpired term of the lease is more than 20 years. The directors consider that this |
| accounting policy, which represents a departure from the statutory accounting rules, is necessary to provide a |
| true and fair view as required under The Financial Reporting Standard for Smaller Entities (effective April 2008). |
| If the departure from the act had not been made, the profit for the year would have been decreased by |
| depreciation. However, the amount of depreciation cannot be reasonably quantified, because depreciation is |
| only one of many factors reflected in the annual valuation and the amount which may otherwise have been |
| shown cannot be separately identified or quantified. |
| Taxation |
| Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have |
| been enacted or substantively enacted by the balance sheet date. |
| Deferred taxation is accounted for at expected tax rates on all differences arising from the inclusion of items of |
| income and expenditure in taxation computations in periods different from those in which they are included in the |
| financial statements. A deferred tax asset is only recognised when it is more likely than not that the asset will be |
| recoverable in the foreseeable future out of suitable taxable profits from which the underlying timing differences |
| can be deducted. |
| Colgate and Gray Land Limited (Registered number: 00460382) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 December 2013 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2013 |
| and 31 December 2013 |
| DEPRECIATION |
| At 1 January 2013 |
| Charge for year |
| At 31 December 2013 |
| NET BOOK VALUE |
| At 31 December 2013 |
| At 31 December 2012 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 January 2013 |
| and 31 December 2013 |
| NET BOOK VALUE |
| At 31 December 2013 |
| At 31 December 2012 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2013 | 2012 |
| value: | £ | £ |
| Ordinary shares | £1 |