Abbreviated Company Accounts - GBL MANAGEMENT LIMITED

GBL MANAGEMENT LIMITED - Company Information

04419974 GBL MANAGEMENT LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04419974 2015-04-01 2016-03-31 04419974 2016-03-31 04419974 2015-03-31 04419974 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04419974 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-31 iso4217:GBP shares

Registered Number 04419974

GBL MANAGEMENT LIMITED

Abbreviated Accounts

31 March 2016

GBL MANAGEMENT LIMITED Registered Number 04419974

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Investments	2	430,911	430,911
		430,911	430,911
Current assets
Cash at bank and in hand		138	132
		138	132
Creditors: amounts falling due within one year		(393,964)	(392,534)
Net current assets (liabilities)		(393,826)	(392,402)
Total assets less current liabilities		37,085	38,509
Total net assets (liabilities)		37,085	38,509
Capital and reserves
Called up share capital	3	1,100	1,100
Profit and loss account		35,985	37,409
Shareholders' funds		37,085	38,509

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 30 November 2016

And signed on their behalf by:
G B Laverick, Director
V C Harrison, G Mackenzie, Director

GBL MANAGEMENT LIMITED Registered Number 04419974

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 January 2015

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

2Fixed assets Investments
Cost......................................£
At 1 April 2015...................430,911
Additions...............................Nil
At 31 March 2016...............430,911

Net book values
At 31 March 2016...............430,911
At 31 March 2015...............430,911

2.1. Investment details.................2016................2015
Subsidiary undertaking.............£430,911..........£430,911

Holdings of 20% or more
The company hold 20% or more of the share capital of the following companies:

Company - PrisWM Limited
Country of registration or incorporation - England
Nature of business - Financial advisors
Shares held Class - Ordinary
% - 100

The aggregate amount of capital and reserves of these undertakings for the last relevant financial year were as follows :

Company - PrisWM Limited
Capital and reserves - £485,063
Profit for the year - £219,250

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000
100 B Ordinary shares of £1 each	100	100

On 11 January 2008, 750 of the issued Ordinary Shares of £1.00 each were converted into Preference Shares of £1.00 each. Upon the redemption date, each holder of the Preference Shares shall deliver the share certificates to the Registered Office and the Company shall thereupon pay the sum of £1.00 in respect of each share redeemed, thus constituting an absolute discharge to the Company in of payment for the redemption of that share.

The Preference Shares were redeemed on 25 November 2014, with a payment of £750 being made.