Gemstone Developments Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08027334 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Gemstone Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B S Chana

REGISTERED OFFICE:

26 Plashet Grove

London

E6 1AE

REGISTERED NUMBER:

08027334 (England and Wales)

ACCOUNTANTS:

Cheema & Co

26 Plashet Grove

East Ham

London

E6 1AE

FIXED ASSETS

Investment property

2

440,000

CURRENT ASSETS

Cash at bank

352,521

279,101

CREDITORS

Amounts falling due within one year

76,327

95,368

NET CURRENT ASSETS

276,194

183,733

TOTAL ASSETS LESS CURRENT
LIABILITIES

716,194

623,733

CREDITORS

Amounts falling due after more than one
year

453,730

NET ASSETS

262,464

170,003

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

262,463

170,002

SHAREHOLDERS' FUNDS

262,464

170,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 28 January 2017 and were signed by:

B S Chana - 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 January 2015).

Turnover

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

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.

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 May 2015

and 30 April 2016

440,000

NET BOOK VALUE

At 30 April 2016

440,000

At 30 April 2015

440,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

1

Ordinary

1

4.	ULTIMATE PARENT COMPANY

A S Chana & Sons Ltd is regarded by the director as being the company's ultimate parent company.