Abbreviated Company Accounts - GREENFIELD AVENUE CONSULTING ROOMS LIMITED

Abbreviated Company Accounts - GREENFIELD AVENUE CONSULTING ROOMS LIMITED

GREENFIELD AVENUE CONSULTING ROOMS LIMITED - Company Information

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Registered Number 02111845

GREENFIELD AVENUE CONSULTING ROOMS LIMITED

Abbreviated Accounts

31 May 2016

GREENFIELD AVENUE CONSULTING ROOMS LIMITED Registered Number 02111845

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 38,986 38,986
38,986 38,986
Creditors: amounts falling due within one year (32,093) (32,093)
Net current assets (liabilities) (32,093) (32,093)
Total assets less current liabilities 6,893 6,893
Total net assets (liabilities) 6,893 6,893
Capital and reserves
Called up share capital 3 100 100
Share premium account 2,249 2,249
Profit and loss account 4,544 4,544
Shareholders' funds 6,893 6,893
  • For the year ending 31 May 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 27 July 2016

And signed on their behalf by:
Mr R P Mifsud, Director

GREENFIELD AVENUE CONSULTING ROOMS LIMITED Registered Number 02111845

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historic cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company was dormant throughout the current year and previous years.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - not provided
Fixtures and fittings - 15% on reducing balance

No depreciation is provided on the freehold buildings as the directors are of the opinion that the residual value at the end of the estimated useful life of the freehold buildings is not likely to be less than its cost. This is because it is the company's policy to maintain the freehold buildings in such condition that value is not diminished by the passage of time; the relevant expenditure is charged to profit before tax in the year in which it is incurred. Therefore, any element of depreciation is considered to be immaterial and no provision is made.

Other accounting policies
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates and laws that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided in timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.

Going concern
The company has not traded during the year and remains in a dormant state.

2Tangible fixed assets
£
Cost
At 1 June 2015 60,330
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 60,330
Depreciation
At 1 June 2015 21,344
Charge for the year -
On disposals -
At 31 May 2016 21,344
Net book values
At 31 May 2016 38,986
At 31 May 2015 38,986
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £1 each 100 100