Grandco Securities Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01054872 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

GRANDCO SECURITIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs P M White

Mrs T A Wright

M L F Wright

SECRETARY:

Mrs T A Wright

REGISTERED OFFICE:

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

REGISTERED NUMBER:

01054872 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Tangible assets

2

1

Investments

3

1,000

Investment property

4

900,000

1,200,000

901,001

1,201,001

CURRENT ASSETS

Debtors

448,987

588,665

Cash at bank and in hand

46,212

46,497

495,199

635,162

CREDITORS

Amounts falling due within one year

112,057

548,812

NET CURRENT ASSETS

383,142

86,350

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,284,143

1,287,351

CAPITAL AND RESERVES

Called up share capital

5

909,040

Revaluation reserve

318,201

420,921

Profit and loss account

56,902

(42,610

)

SHAREHOLDERS' FUNDS

1,284,143

1,287,351

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 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 22 December 2016 and were signed on its behalf
by:

Mrs T A Wright - 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).

Preparation of consolidated financial statements

The financial statements contain information about Grandco Securities Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents rental income receivable.

Tangible fixed assets

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

Freehold land

-

not provided

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Depreciation is not provided in respect of such freehold investment properties. This policy represents a departure

from statutory accounting principles, which requires depreciation to be provided on all fixed assets. The directors

consider that this policy is necessary in order that the accounts may give a true and fair view because current

values and changes in current values are of prime importance rather than the calculation of systematic annual

depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might

otherwise have been shown cannot be separately identified or quantified.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Dividends are brought into account in the profit and loss account when received.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

10,000

DEPRECIATION

At 1 April 2015

and 31 March 2016

9,999

NET BOOK VALUE

At 31 March 2016

1

At 31 March 2015

1

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

1,000

NET BOOK VALUE

At 31 March 2016

1,000

At 31 March 2015

1,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Chichester Car Hire Co. Limited

Nature of business: Property management and associated activities.

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

Aggregate capital and reserves

(623,557

)

(612,414

)

Loss for the year

(11,143

)

(21,667

)

Graham Motors (Transport) Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

Aggregate capital and reserves

(28,811

)

(28,811

)

Loss for the year

-

(1,827

)

South Eastern Motor Auctions Limited

Nature of business: Property management and associated activities.

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

Aggregate capital and reserves

(415,098

)

(411,836

)

(Loss)/profit for the year

(3,262

)

55,594

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2015

1,200,000

Disposals

(300,000

)

At 31 March 2016

900,000

NET BOOK VALUE

At 31 March 2016

900,000

At 31 March 2015

1,200,000

5.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2016

2015

value:

£

909,040

Ordinary

£1

909,040