G & M D Management Services Ltd - Period Ending 2016-02-29

Registration number: 06095867

G & M D Management Services Ltd

  (formerly Mantransco Investments Ltd)
 
 Unaudited Abbreviated Accounts
 
 for the Year Ended 29 February 2016
 

Blue Spire Limited
Chartered Accountants
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

G & M D Management Services Ltd
(formerly Mantransco Investments Ltd)
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
G & M D Management Services Ltd
(formerly Mantransco Investments Ltd)
for the Year Ended 29 February 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of G & M D Management Services Ltd for the year ended 29 February 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of G & M D Management Services Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of G & M D Management Services Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G & M D Management Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that G & M D Management Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of G & M D Management Services Ltd . You consider that G & M D Management Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of G & M D Management Services Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Blue Spire Limited
Chartered Accountants
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

17 November 2016

Page 1

G & M D Management Services Ltd
(formerly Mantransco Investments Ltd)
(Registration number: 06095867)
Abbreviated Balance Sheet at 29 February 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					153,382			153,382
Current assets
Debtors					787			618
Cash at bank and in hand					5,859			4,383
					6,646			5,001
Creditors: Amounts falling due within one year					(36,468)			(31,336)
Net current liabilities					(29,822)			(26,335)
Total assets less current liabilities					123,560			127,047
Creditors: Amounts falling due after more than one year					(91,621)			(96,486)
Net assets					31,939			30,561
Capital and reserves
Called up share capital		4			20,000			20,000
Profit and loss account					11,939			10,561
Shareholders' funds					31,939			30,561

For the year ending 29 February 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 November 2016 and signed on its behalf by:

.........................................
Mrs. G Davies
Company secretary and director

.........................................
Mr. M Davies
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

G & M D Management Services Ltd
(formerly Mantransco Investments Ltd)
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

The turnover shown in the profit and loss account represents rents receivable during the year.

Depreciation

In accordance with the Finacial Reporting for Smaller Entities, no depreciation is provided in respect of the long leasehold investment property. This represents a departure from Schedule 4 Companies act 1985 which requires depreciation of invesment properties. The directors consider that the adoption of this policy is necerssary to give a true and fair view.

Asset class	Depreciation method and rate
Investment Properties	Nil

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, 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 treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

G & M D Management Services Ltd
(formerly Mantransco Investments Ltd)
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2015		153,382			153,382
At 29 February 2016		153,382			153,382
Depreciation
At 29 February 2016		-			-
Net book value
At 29 February 2016		153,382			153,382
At 28 February 2015		153,382			153,382

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		4,865			4,743
Amounts falling due after more than one year		91,621			96,486
Total secured creditors		96,486			101,229

Included in the creditors are the following amounts due after more than five years:

		2016 £			2015 £
After more than five years by instalments		91,621			96,486

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary 'A' Shares of £1 each		8,000			8,000			8,000			8,000
Ordinary 'B' Shares of £1 each		12,000			12,000			12,000			12,000
		20,000			20,000			20,000			20,000

Page 4

G & M D Management Services Ltd
(formerly Mantransco Investments Ltd)
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

5	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mrs. G Davies
Amounts owed to the director at the year end	30,298	-	23,196	-

Page 5