Abbreviated Company Accounts - GROVEHURST LIMITED

GROVEHURST LIMITED - Company Information

00561033 GROVEHURST LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 00561033 2015-07-01 2016-06-30 00561033 2016-06-30 00561033 2015-06-30 00561033 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 00561033 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 00561033

GROVEHURST LIMITED

Abbreviated Accounts

30 June 2016

GROVEHURST LIMITED Registered Number 00561033

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	635,000	635,000
		635,000	635,000
Current assets
Debtors		5,625	-
Cash at bank and in hand		32,911	39,613
		38,536	39,613
Creditors: amounts falling due within one year		(9,621)	(9,930)
Net current assets (liabilities)		28,915	29,683
Total assets less current liabilities		663,915	664,683
Total net assets (liabilities)		663,915	664,683
Capital and reserves
Called up share capital	3	100	100
Revaluation reserve		631,750	631,750
Profit and loss account		32,065	32,833
Shareholders' funds		663,915	664,683

For the year ending 30 June 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 21 March 2017

And signed on their behalf by:
Mr B J E Fry, Director

GROVEHURST LIMITED Registered Number 00561033

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable for rent.

Tangible assets depreciation policy
Investment properties are included in the balance sheet at their open market value. No depreciation is provided on these assets.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 July 2015	635,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	635,000
Depreciation
At 1 July 2015	-
Charge for the year	-
On disposals	-
At 30 June 2016	-
Net book values
At 30 June 2016	635,000
At 30 June 2015	635,000

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

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