GSP_SOUTHERN_HOLDINGS_LIM - Accounts

GSP SOUTHERN HOLDINGS LIMITED - Company Information

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Company Registration No. 07547004 (England and Wales)

GSP SOUTHERN HOLDINGS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2016

Abbey House

Hickleys Court

South Street

Farnham

GU9 7QQ

GSP SOUTHERN HOLDINGS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

GSP SOUTHERN HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,000,000

1,625,000

Investments

100

2,000,100

1,625,100

Current assets

Debtors

6,452

8,774

Cash at bank and in hand

9,638

7,353

16,090

16,127

Creditors: amounts falling due within one year

(63,397)

(236,594)

Net current liabilities

(47,307)

(220,467)

Total assets less current liabilities

1,952,793

1,404,633

Creditors: amounts falling due after more than one year

(631,095)

(679,948)

1,321,698

724,685

Capital and reserves

Called up share capital

200

Revaluation reserve

568,757

193,757

Profit and loss account

752,741

530,728

Shareholders' funds

1,321,698

724,685

GSP SOUTHERN HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 AUGUST 2016

- 2 -

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 May 2017

Mr S. Spokes

Director

Company Registration No. 07547004

GSP SOUTHERN HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Accounting policies

1.1

Basis of accounting

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).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover in the profit and loss account represents rents receivable.

1.4

Tangible fixed assets

Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This is in accordance with the FRSSE, which, unlike the Companies Act 2006, does not require depreciation of investment properties. The departure from the provisions of the Act is required in order to give a true and fair view.

1.5

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 September 2015 & at 31 August 2016

2,000,000

100

2,000,100

At 31 August 2015

1,625,000

100

1,625,100

GSP SOUTHERN HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

Ordinary shares of £1 each

Ordinary A shares of £1 each

Ordinary B shares of £1 each

Ordinary C shares of £1 each

102

200