GOLDEN_BOY_PROPERTIES_LIM - Accounts

GOLDEN BOY PROPERTIES LIMITED - Company Information

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Company Registration No. 04007503 (England and Wales)

GOLDEN BOY PROPERTIES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

GOLDEN BOY PROPERTIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GOLDEN BOY PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,353,516

2,410,452

Current assets

Debtors

14,400

Cash at bank and in hand

9,484

9,703

23,884

9,703

Creditors: amounts falling due within one year

(139,444)

(163,989)

Net current liabilities

(115,560)

(154,286)

Total assets less current liabilities

2,237,956

2,256,166

Creditors: amounts falling due after more than one year

(1,327,356)

(1,395,408)

910,600

860,758

Capital and reserves

Called up share capital

Revaluation reserve

193,363

Profit and loss account

717,235

667,393

Shareholders' funds

910,600

860,758

For the financial year ended 31 March 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 14 December 2016

Mr. T P McIntyre

Director

Company Registration No. 04007503

GOLDEN BOY PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings 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

Turnover

Turnover represents rents receivable, net of Vat.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

2% - straight line

Plant and machinery

25% - reducing balance

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2015 & at 31 March 2016

2,822,025

Depreciation

At 1 April 2015

411,573

Charge for the year

56,936

At 31 March 2016

468,509

Net book value

At 31 March 2016

2,353,516

At 31 March 2015

2,410,452

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £98,006 (2015 - £98,006).

GOLDEN BOY PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £389,081 (2015 - £476,933).

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each