Abbreviated Company Accounts - GATLEY LODGE DEVELOPMENTS LIMITED

GATLEY LODGE DEVELOPMENTS LIMITED - Company Information

04663491 GATLEY LODGE DEVELOPMENTS LIMITED 2016-02-29 false 2015-03-01 2016-02-29 true 04663491 2015-03-01 2016-02-29 04663491 2016-02-29 04663491 2015-02-28 04663491 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-29 04663491 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 04663491

GATLEY LODGE DEVELOPMENTS LIMITED

Abbreviated Accounts

29 February 2016

GATLEY LODGE DEVELOPMENTS LIMITED Registered Number 04663491

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Current assets
Stocks		83,674	161,663
Debtors		266	266
		83,940	161,929
Creditors: amounts falling due within one year		(278,382)	(271,291)
Net current assets (liabilities)		(194,442)	(109,362)
Total assets less current liabilities		(194,442)	(109,362)
Total net assets (liabilities)		(194,442)	(109,362)
Capital and reserves
Called up share capital	2	404	404
Profit and loss account		(194,846)	(109,766)
Shareholders' funds		(194,442)	(109,362)

For the year ending 29 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 November 2016

And signed on their behalf by:
Darran Charles Dundee, Director

GATLEY LODGE DEVELOPMENTS LIMITED Registered Number 04663491

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015 and Companies Act 2006.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Other accounting policies
Cash Flow

The financial statements do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities effective January 2015 and Companies Act 2006.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Ultimate Parent Undertaking and Controlling Party

The parent company of Gatley Lodge Developments Limited is Mi Veda Properties Limited, a company registered in England and Wales.
The ultimate controlling party is Mr Darran Dundee by virtue of his shareholding in Mi Veda Properties Limited.

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
404 Ordinary shares of £1 each	404	404