Abbreviated Company Accounts - GALREF LIMITED

Registered Number NI620617

GALREF LIMITED

Abbreviated Accounts

31 August 2016

GALREF LIMITED Registered Number NI620617

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,257,718	1,257,718
		1,257,718	1,257,718
Current assets
Debtors		100	100
		100	100
Creditors: amounts falling due within one year	3	(57,718)	(57,718)
Net current assets (liabilities)		(57,618)	(57,618)
Total assets less current liabilities		1,200,100	1,200,100
Total net assets (liabilities)		1,200,100	1,200,100
Capital and reserves
Called up share capital		1,200,100	1,200,100
Shareholders' funds		1,200,100	1,200,100

For the year ending 31 August 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 17 May 2017

And signed on their behalf by:
Fergal McTague, Director
John Boyd Carson, Director

GALREF LIMITED Registered Number NI620617

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost less residual value, of each asset systematically over its expected useful life

Other accounting policies
Cash flow statement
The company has taken advantage of the exemption in FRS1 from the requirement to produce a cash flow statement because it is a small company.

2Tangible fixed assets

	£
Cost
At 1 September 2015	1,257,718
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	1,257,718
Depreciation
At 1 September 2015	-
Charge for the year	-
On disposals	-
At 31 August 2016	-
Net book values
At 31 August 2016	1,257,718
At 31 August 2015	1,257,718

3Creditors

	2016 £	2015 £
Non-instalment debts due after 5 years	57,718	57,718