Gowerlane Limited - Abbreviated accounts 16.1
Gowerlane Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 31 December 2015 |
for |
Gowerlane Limited |
Gowerlane Limited (Registered number: 03685131) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Gowerlane Limited |
Company Information |
for the Year Ended 31 December 2015 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Gowerlane Limited (Registered number: 03685131) |
Abbreviated Balance Sheet |
31 December 2015 |
31.12.15 | 31.12.14 |
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 ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
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. |
Gowerlane Limited (Registered number: 03685131) |
Abbreviated Balance Sheet - continued |
31 December 2015 |
The financial statements were approved by the director on |
Gowerlane Limited (Registered number: 03685131) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
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 net invoiced sales of services, excluding value added tax. Rent receivable from investment |
property is recognised over the period of rental and, income from management charges are recognised as the |
services are provided. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Investment property |
Investment property is shown at the 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 for Small Entities (effective January 2015) ('FRSSE') |
investment properties are revalued annually and the aggregate surplus or deficit is transferred to revaluation |
reserve. No depreciation is provided in respect of investment properties. |
The Companies Act 2006 requires all properties to be depreciated. However this requirement conflicts with the |
generally accepted accounting principle set out in the FRSSE. The director considers that because the property is |
not held for consumption but for its investment potential, to depreciate it would not give true and fair view, and |
that is necessary to adopt the FRSSE in order to give true and fair view. Depreciation is only one of the many |
factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be |
separately identified or quantified. |
Investments |
Fixed asset investments are stated at cost less provision for permanent diminution in value. |
Deferred tax |
Deferred tax is accounted for on an undiscounted basis 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. |
Trade debtors |
Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are |
written off when identified. Specific provisions are made against debts whose recovery is considered doubtful. |
Provisions and accruals |
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and |
the amount can be reliably estimated. Provisions are not recognised for future operating losses. |
Gowerlane Limited (Registered number: 03685131) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 |
DEPRECIATION |
At 1 January 2015 |
Charge for year |
At 31 December 2015 |
NET BOOK VALUE |
At 31 December 2015 |
At 31 December 2014 |
3. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 |
NET BOOK VALUE |
At 31 December 2015 |
At 31 December 2014 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.15 | 31.12.14 |
value: | £ | £ |
Ordinary | £1 |
5. | RELATED PARTY DISCLOSURES |
Finlaw 450 Limited |
Common directorship |
The value of £82,622 were received towards the loans during the year. Management fees to the value of £72,878 |
were charged to Finlaw 450 Limited during the year. |
31.12.15 | 31.12.14 |
£ | £ |
Amount due from related party at the balance sheet date |
Gowerlane Limited (Registered number: 03685131) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
5. | RELATED PARTY DISCLOSURES - continued |
Wisemove Homes Limited |
Common directorship |
There was no movement on the loan balance during the year. |
31.12.15 | 31.12.14 |
£ | £ |
Amount due from related party at the balance sheet date |
Templeton Place Limited |
Common directorship |
Management fees to the value of £100,000 were charged to Templeton Place Limited during the year. |
31.12.15 | 31.12.14 |
£ | £ |
Amount due from related party at the balance sheet date |
Codebrand Limited |
Common directorship |
There was no movement on the loan balance during the year. |
31.12.15 | 31.12.14 |
£ | £ |
Amount due from related party at the balance sheet date |
Best Moves Properties UK Ltd |
Common directorship |
There was no movement on the loan balance during the year. |
31.12.15 | 31.12.14 |
£ | £ |
Amount due from related party at the balance sheet date |
Gowerlane Limited (Registered number: 03685131) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
5. | RELATED PARTY DISCLOSURES - continued |
Cobden Property Services Limited |
Common directorship |
The value of £32,205 were received towards the loans during the year. |
31.12.15 | 31.12.14 |
£ | £ |
Amount due to related party at the balance sheet date |
Inglewood Mansions Limited |
Common directorship |
The value of £116,074 were received towards the loans during the year. Management fees to the value of |
£96,925 were charged to Inglewood Mansions Limited during the year. |
31.12.15 | 31.12.14 |
£ | £ |
Amount due to related party at the balance sheet date |
Evebay Limited |
Common directorship |
The value of £28,798 were received towards the loans during the year. |
31.12.15 | 31.12.14 |
£ | £ |
Amount due (to)/from related party at the balance sheet date | ( |
) |
Emer Limited |
Common directorship |
The value of £64,186 were paid towards the loans during the year. |
31.12.15 | 31.12.14 |
£ | £ |
Amount due from related party at the balance sheet date |
Expenses amounted to £nil. |
31.12.15 | 31.12.14 |
£ | £ |
Amount due from related party at the balance sheet date |
Gowerlane Limited (Registered number: 03685131) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
6. | ULTIMATE CONTROLLING PARTY |
The controlling party is |