GREY_GOOSE_LIMITED - Accounts
GREY_GOOSE_LIMITED - Accounts
Company Registration No. 08452132 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(684,945 )
(487,814 )
Net current liabilities
(675,537 )
(455,782 )
Total assets less current liabilities
(132,528 )
(61,435 )
Capital and reserves
Called up share capital
3
Profit and loss account
(132,628 )
(61,535 )
Shareholders' funds
(132,528 )
(61,435 )
Directors' responsibilities:
-
-
Approved by the Board for issue on 13 December 2016
Director
Director
Company Registration No. 08452132
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The accounts have been prepared on a going concern basis, which may not be appropriate as the company has a deficit on its balance sheet of £132,528. The company is therefore reliant on the continued support of its providers of finance.
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
1.4
Tangible fixed assets and depreciation
Fixtures, fittings & equipment
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is 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 of this which might otherwise have been charged cannot be separately identified or quantified.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is 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 of this which might otherwise have been charged cannot be separately identified or quantified.
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
Additions
At 31 March 2016
Depreciation
At 1 April 2015
-
Charge for the year
At 31 March 2016
Net book value
At 31 March 2016
543,009
At 31 March 2015
394,347
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid