Abbreviated Company Accounts - GMAC PROPERTIES LIMITED

GMAC PROPERTIES LIMITED - Company Information

SC468542 GMAC PROPERTIES LIMITED 2016-01-31 false 2015-02-01 2016-01-31 true SC468542 2015-02-01 2016-01-31 SC468542 2016-01-31 SC468542 2015-01-31 SC468542 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 SC468542 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number SC468542

GMAC PROPERTIES LIMITED

Abbreviated Accounts

31 January 2016

GMAC PROPERTIES LIMITED Registered Number SC468542

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	57,669	50,980
		57,669	50,980
Current assets
Cash at bank and in hand		31	289
		31	289
Creditors: amounts falling due within one year		(66,395)	(56,086)
Net current assets (liabilities)		(66,364)	(55,797)
Total assets less current liabilities		(8,695)	(4,817)
Total net assets (liabilities)		(8,695)	(4,817)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(8,795)	(4,917)
Shareholders' funds		(8,695)	(4,817)

For the year ending 31 January 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 31 January 2017

And signed on their behalf by:
G McFarlane, Director

GMAC PROPERTIES LIMITED Registered Number SC468542

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off over its expected useful life, as follows:
Freehold property- Not provided
The company's property is not depreciated as the director considers that its market value equates to its current book value and cost.

Other accounting policies
Going Concern
The accounts are prepared on the going concern basis which assumes that the company has the financial support of its director for the foreseeable future.

2Tangible fixed assets

	£
Cost
At 1 February 2015	50,980
Additions	6,689
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	57,669
Depreciation
At 1 February 2015	-
Charge for the year	-
On disposals	-
At 31 January 2016	-
Net book values
At 31 January 2016	57,669
At 31 January 2015	50,980

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100