Glenbourne Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02328018 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

GLENBOURNE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J B Siddall

Mrs R Siddall

M Siddall

SECRETARY:

J B Siddall

REGISTERED OFFICE:

Unit 28

Enterprise Greenhouse

Salisbury Street

St Helens

Merseyside

WA10 1FY

REGISTERED NUMBER:

02328018 (England and Wales)

ACCOUNTANTS:

Mattocks Grindley

Unit 28

Salisbury Street

St Helens

WA10 1FY

FIXED ASSETS

Investment property

2

191,923

191,923

CURRENT ASSETS

Cash at bank

6

6

CREDITORS

Amounts falling due within one year

3

87,220

99,752

NET CURRENT LIABILITIES

(87,214

)

(99,746

)

TOTAL ASSETS LESS CURRENT LIABILITIES

104,709

92,177

CREDITORS

Amounts falling due after more than one year

3

-

2,046

NET ASSETS

104,709

90,131

CAPITAL AND RESERVES

Called up share capital

4

300

300

Profit and loss account

104,409

89,831

SHAREHOLDERS' FUNDS

104,709

90,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 October 2014 and were signed on its behalf by:

J B Siddall - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover shown in the profit and loss account represents gross rental income receivable during the year.

Investment property

Investment properties are included in the Balance Sheet at their open market value in accordance with Statement

of Standard Accounting Practice No 19 and are not depreciated. This treatment is contrary to the Companies

House Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors,

necessary to give a true and fair view of the financial position of the company.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2013

and 31 March 2014

191,923

NET BOOK VALUE

At 31 March 2014

191,923

At 31 March 2013

191,923

3.

CREDITORS

Creditors include an amount of £ 1,781 (31.3.13 - £ 7,027 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

300

Ordinary

£1

300

300