Gregstan Limited - Abbreviated accounts 16.3
Gregstan Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31st May 2016 |
| for |
| GREGSTAN LIMITED |
| GREGSTAN LIMITED (REGISTERED NUMBER: 06932444) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st May 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Accountants' Report | 4 |
| GREGSTAN LIMITED |
| Company Information |
| for the Year Ended 31st May 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| GREGSTAN LIMITED (REGISTERED NUMBER: 06932444) |
| Abbreviated Balance Sheet |
| 31st May 2016 |
| 31/5/16 | 31/5/15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Stocks |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 financial statements were approved by the Board of Directors on by: |
| GREGSTAN LIMITED (REGISTERED NUMBER: 06932444) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st May 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the going concern basis of accounting. |
| 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 goods, 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. |
| Work in progress |
| Work in progress is valued at the lower of cost and net realisable value, less payments on account. Net realisable |
| value represents the estimated selling price less all estimated costs of completion and overheads. |
| Revenue from the sale of houses is recognised when transactions have legally been completed. |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1st June 2015 |
| Reclassification/transfer |
| At 31st May 2016 |
| NET BOOK VALUE |
| At 31st May 2016 |
| At 31st May 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/5/16 | 31/5/15 |
| value: | £ | £ |
| Ordinary | £1 |
| Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Gregstan Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Gregstan Limited for the year ended 31st May 2016 which comprise the Profit and Loss Account, |
| the Balance Sheet, and the related notes from the company's accounting records and from information and explanations |
| you have given us. |
| As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
| This report is made solely to the Board of Directors of Gregstan Limited, as a body, in accordance with the terms of our engagement letter dated 29th January 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Gregstan Limited and state those matters that we have agreed to state to the Board of Directors of Gregstan Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Gregstan Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gregstan Limited. You consider that Gregstan Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Gregstan Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 17th February 2017 |