G.Flynn Properties Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: NI620198 (Northern Ireland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

30 SEPTEMBER 2016

FOR

G.FLYNN PROPERTIES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G Flynn

REGISTERED OFFICE:

112 Market Street

Downpatrick

Co. Down

BT30 6LZ

REGISTERED NUMBER:

NI620198 (Northern Ireland)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

Rathmore House

52 St Patricks Avenue

Downpatrick

Co. Down

BT30 6DS

FIXED ASSETS

Tangible assets

2

227,715

CURRENT ASSETS

Cash at bank

2,454

2,180

CREDITORS

Amounts falling due within one year

182,328

183,018

NET CURRENT LIABILITIES

(179,874

)

(180,838

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

47,841

46,877

CREDITORS

Amounts falling due after more than one
year

39,906

46,261

NET ASSETS

7,935

616

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

7,934

615

SHAREHOLDERS' FUNDS

7,935

616

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 23 February 2017 and were signed by:

G Flynn - 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

The turnover shown in the profit and loss account represents amounts invoiced during the year.

in respect of long-term contracts and contracts for on-going services, turnover represents the value of work done

in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts

for on-going services is recognised by reference to the stage of completion.

Investment property

Investment properties are valued at open market value. In accordance with Statement of Standard Accounting

Practice 19 no amortisation or depreciation is provided in respect of investment properties. The director

considers that this accounting policy, which represents a departure from the statutory accounting rules, is

necessary to provide a true and fair view.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

227,715

NET BOOK VALUE

At 30 September 2016

227,715

At 30 September 2015

227,715

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1