Company Registration No. 00753069 (England and Wales)
GREAT WESTERN PROPERTIES LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 FEBRUARY 2016
GREAT WESTERN PROPERTIES LTD
ABBREVIATED BALANCE SHEET
AS AT
23 FEBRUARY 2016
23 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
9,406
13,090
Current assets
Stocks
762,029
762,029
Debtors
1,311,983
1,240,091
Cash at bank and in hand
63,982
63,768
2,137,994
2,065,888
Creditors: amounts falling due within one year
(41,116)
(65,390)
Net current assets
2,096,878
2,000,498
Total assets less current liabilities
2,106,284
2,013,588
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
2,106,184
2,013,488
Shareholders' funds
2,106,284
2,013,588
For the financial year ended 23 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 10 November 2016
Mr Charles Kenlock
Director
Company Registration No. 00753069
GREAT WESTERN PROPERTIES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 23 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
10% on cost
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 24 February 2015
57,082
Disposals
(23,982)
At 23 February 2016
33,100
Depreciation
At 24 February 2015
43,993
Exchange differences
(23,433)
Charge for the year
3,134
At 23 February 2016
23,694
Net book value
At 23 February 2016
9,406
At 23 February 2015
13,090
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary A Shares of £1 each
100
100
2016-02-232015-02-24falsetruetruetruetruetrue03G084 20161111 DT ABB GREAT_WESTERN_PROPERTIES_-2016-11-11-Accounts.html2016-11-11007530692015-02-242016-02-23007530692016-02-23007530692015-02-23007530692015-02-2300753069uk-bus:Director12015-02-242016-02-2300753069uk-gaap:LandBuildings2015-02-242016-02-2300753069uk-gaap:PlantMachinery2015-02-242016-02-2300753069uk-gaap:MotorVehicles2015-02-242016-02-2300753069uk-bus:OrdinaryShareClass12015-02-242016-02-2300753069uk-bus:OrdinaryShareClass12016-02-2300753069uk-bus:OrdinaryShareClass12015-02-23xbrli:purexbrli:sharesiso4217:GBP
