Abbreviated Company Accounts - GLENEARL LTD

Registered Number 05103897

GLENEARL LTD

Abbreviated Accounts

30 April 2016

GLENEARL LTD Registered Number 05103897

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	680,000	680,000
		680,000	680,000
Current assets
Cash at bank and in hand		29,370	21,447
		29,370	21,447
Creditors: amounts falling due within one year		(274,752)	(271,633)
Net current assets (liabilities)		(245,382)	(250,186)
Total assets less current liabilities		434,618	429,814
Creditors: amounts falling due after more than one year		(332,000)	(332,000)
Total net assets (liabilities)		102,618	97,814
Capital and reserves
Called up share capital		1	1
Revaluation reserve		100,000	100,000
Profit and loss account		2,617	(2,187)
Shareholders' funds		102,618	97,814

For the year ending 30 April 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 25 January 2017

And signed on their behalf by:
Mrs S R Klein, Director

GLENEARL LTD Registered Number 05103897

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents rents and similar charges exclusive of VAT.

Other accounting policies
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no provision is made for depreciation in respect of freehold properties or leasehold properties with more than 20 years remaining as investments. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 May 2015	680,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	680,000
Depreciation
At 1 May 2015	-
Charge for the year	-
On disposals	-
At 30 April 2016	-
Net book values
At 30 April 2016	680,000
At 30 April 2015	680,000