Greenhatch (Design & Development - Abbreviated accounts 16.1

REGISTERED NUMBER: 02211576 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Greenhatch (Design & Development

Mapping) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R Page

N Jefferies

A J Dodson

C J Sharrocks

SECRETARY:

R Page

REGISTERED OFFICE:

Rowan House

Duffield Road

Little Eaton

Derbyshire

DE21 5DR

REGISTERED NUMBER:

02211576 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Investment property

2

800,000

750,000

CURRENT ASSETS

Debtors

65,424

106,154

Cash at bank

33,495

7,116

98,919

113,270

CREDITORS

Amounts falling due within one year

7,083

5,518

NET CURRENT ASSETS

91,836

107,752

TOTAL ASSETS LESS CURRENT LIABILITIES

891,836

857,752

CAPITAL AND RESERVES

Called up share capital

3

9,500

9,500

Revaluation reserve

486,038

436,038

Capital redemption reserve

500

500

Profit and loss account

395,798

411,714

SHAREHOLDERS' FUNDS

891,836

857,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 October 2016 and were signed on its behalf by:

R Page - Director

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 is the value of rents receivable.

Investment property

Investment property is not depreciated but is revalued annually at its market value in accordance with

the Financial Reporting Standard for Smaller Entities (effective January 2015) which is contrary to the

requirement of the Companies Act 2006 for all fixed assets to be depreciated. This is necessary for the

financial statements to show a true and fair view. Any aggregate surplus or deficit arising from changes

in market value is transferred to a revaluation reserve. The effect of this departure is given in the

Investment property notes.

Deferred tax

Deferred tax is recognised in respect of all material timing differences.

No provision is made for potential tax arising on assets which have been revalued where this liability is

not expected to arise in the foreseeable future.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2015

750,000

Revaluation adjustment

50,000

At 31 March 2016

800,000

NET BOOK VALUE

At 31 March 2016

800,000

At 31 March 2015

750,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

9,500

Ordinary

£1

9,500

9,500

4.	ULTIMATE PARENT COMPANY