Abbreviated Company Accounts - GRALAJA PROPERTIES LIMITED

Abbreviated Company Accounts - GRALAJA PROPERTIES LIMITED

GRALAJA PROPERTIES LIMITED - Company Information

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Registered Number 08968133

GRALAJA PROPERTIES LIMITED

Abbreviated Accounts

31 March 2016

GRALAJA PROPERTIES LIMITED Registered Number 08968133

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 607,703 490,000
607,703 490,000
Current assets
Cash at bank and in hand 100 100
100 100
Net current assets (liabilities) 100 100
Total assets less current liabilities 607,803 490,100
Creditors: amounts falling due after more than one year 3 (607,703) (490,000)
Total net assets (liabilities) 100 100
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 0 0
Shareholders' funds 100 100
  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 October 2016

And signed on their behalf by:
Graham Morgan, Director

GRALAJA PROPERTIES LIMITED Registered Number 08968133

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of
discounts and value added taxes. Turnover includes revenue earned from the sale of
goods and form the rendering of services.

Tangible assets depreciation policy
Depreciation is calculated to write down the cost less estimated residual value of all
tangible fixed assets, other than freehold land, over their expected useful lives, using the
straight-line method.

Intangible assets amortisation policy
Amortisation is charged so as to allocate the cost of intangibles less their residual values
over their estimated useful lives, using the straight-line method.

Valuation information and policy
Stock are stated at the lower of cost, using the first in first out method, and selling price
less costs to complete and sell.

Other accounting policies
There are no other significant accounting policies

2Tangible fixed assets
£
Cost
At 1 April 2015 490,000
Additions 117,703
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2016 607,703
Depreciation
At 1 April 2015 0
Charge for the year 0
On disposals 0
At 31 March 2016 0
Net book values
At 31 March 2016 607,703
At 31 March 2015 490,000
3Creditors
2016
£		 2015
£
Secured Debts 607,703 490,000
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £1 each 100 100

5Transactions with directors

Name of director receiving advance or credit: Graham Morgan
Description of the transaction: Lonn from principal shareholder/director
Balance at 1 April 2015: £ 490,000
Advances or credits made: £ 117,703
Advances or credits repaid: -
Balance at 31 March 2016: £ 607,703

During the year, the company borrowed £117,703 in order to fund an extensive refurbishment programme