Garngaber Properties Limited - Abbreviated accounts 16.1

Garngaber Properties Limited - Abbreviated accounts 16.1

GARNGABER PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: SC077655 (Scotland)















Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

Garngaber Properties Limited

Garngaber Properties Limited (Registered number: SC077655)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Garngaber Properties Limited

Company Information
for the Year Ended 31 January 2016







DIRECTORS: G Jackson
C Jackson





SECRETARY: G Jackson





REGISTERED OFFICE: 1 Alexandra Avenue
Lenzie
Glasgow
G66 5BE





REGISTERED NUMBER: SC077655 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF
Page 1
Garngaber Properties Limited (Registered number: SC077655)

Abbreviated Balance Sheet
31 January 2016

31.1.16 31.1.15
Notes £    £   
FIXED ASSETS
Investment property 2 70,000 70,000

CREDITORS
Amounts falling due within one year (21,298 ) (21,298 )
NET CURRENT LIABILITIES (21,298 ) (21,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
48,702
48,702

CAPITAL AND RESERVES
Called up share capital 3 2 2
Revaluation reserve 48,069 48,069
Profit and loss account 631 631
SHAREHOLDERS' FUNDS 48,702 48,702

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 26 October 2016 and were signed on its behalf by:





C Jackson - Director


The notes form part of these abbreviated accounts

Page 2
Garngaber Properties Limited (Registered number: SC077655)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2016

1. ACCOUNTING POLICIES

Accounting convention
The Financial Statements have been prepared under the historical cost convention modified to include the
revaluation of investment properties.

Investment properties and depreciation
Investment properties are shown at their open market value. The surplus or deficit arising from the annual
revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual
investment property is expected to be permanent, in which case it is recognised in the profit and loss account for
the year.

This is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) which,
unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties
are held for their investment potential and not for use by the company so their current value is of prime
importance. The departure from the provisions of the act is required in order to give a true and fair view.

2. INVESTMENT PROPERTY
Total
£   
COST
At 1 February 2015
and 31 January 2016 70,000
NET BOOK VALUE
At 31 January 2016 70,000
At 31 January 2015 70,000

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
2 Ordinary £1 2 2

Page 3