Grange Hall Property Company Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02969758 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

GRANGE HALL PROPERTY COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Director:

S J Ainscough

Secretary:

S J Ainscough

Registered office:

Steelpoint

Staveley Road

Skelmersdale

Lancashire

WN8 8DZ

Registered number:

02969758 (England and Wales)

Bankers:

National Westminster Bank

Wigan Branch

4 Standishgate

Wigan

WN1 1UG

FIXED ASSETS

Tangible assets

2

3,990,000

2,109,312

Investments

3

250,000

250,000

4,240,000

2,359,312

CURRENT ASSETS

Debtors

147,404

239,987

Cash at bank

275,765

221,700

423,169

461,687

CREDITORS

Amounts falling due within one year

4

809,794

236,121

NET CURRENT (LIABILITIES)/ASSETS

(386,625

)

225,566

TOTAL ASSETS LESS CURRENT LIABILITIES

3,853,375

2,584,878

CREDITORS

Amounts falling due after more than one year

4

10,268

472,768

NET ASSETS

3,843,107

2,112,110

CAPITAL AND RESERVES

Called up share capital

5

51

51

Revaluation reserve

2,384,188

493,245

Capital redemption reserve

49

49

Profit and loss account

1,458,819

1,618,765

SHAREHOLDERS' FUNDS

3,843,107

2,112,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 21 December 2016 and were signed by:

S J Ainscough - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings freehold

-

not provided

Property

-

Straight line over the life of the lease

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2015

2,308,872

Revaluations

1,681,128

At 31 March 2016

3,990,000

DEPRECIATION

At 1 April 2015

199,560

Charge for year

16,394

Revaluation adjustments

(215,954

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

3,990,000

At 31 March 2015

2,109,312

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

250,000

NET BOOK VALUE

At 31 March 2016

250,000

At 31 March 2015

250,000

4.

CREDITORS

Creditors include an amount of £ 120,000 (2015 - £ 500,000 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

51

Ordinary

£1

51

51