Greaves Court Investments Ltd - Period Ending 2016-03-31

Registration number: 03954900

Greaves Court Investments Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Greaves Court Investments Ltd
(Registration number: 03954900)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Current assets
Stocks					1,647,500			2,462,500
Debtors					17,245			9,897
Investments					176,600			176,600
Cash at bank and in hand					94,772			30,431
					1,936,117			2,679,428
Creditors: Amounts falling due within one year					(1,850,430)			(2,582,562)
Total assets less current liabilities					85,687			96,866
Creditors: Amounts falling due after more than one year					(50,000)			(50,000)
Net assets					35,687			46,866
Capital and reserves
Called up share capital		3			3			3
Profit and loss account					35,684			46,863
Shareholders' funds					35,687			46,866

For the year ending 31 March 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 director acknowledges his 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 director on 31 January 2017

.........................................
J W S Greaves
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Greaves Court Investments Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Current asset investments

Current asset investments are included at the lower of cost and net realisable value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		259,573			1,185,652
Amounts falling due after more than one year		50,000			50,000
Total secured creditors		309,573			1,235,652

Page 2

Greaves Court Investments Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		3			3			3			3

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