Gunbell and Co Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01186121

Abbreviated Accounts

for the Year Ended 30 September 2016

for

Gunbell and Co Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J E W Sear

Ms N Sear

REGISTERED OFFICE:

88 Boundary Road

Hove

East Sussex

BN3 7GA

REGISTERED NUMBER:

01186121

ACCOUNTANTS:

Clamp Boxall Ltd

88 Boundary Road

Hove

East Sussex

BN3 7GA

FIXED ASSETS

Tangible assets

2

1,042,730

CURRENT ASSETS

Debtors

28,373

25,546

CREDITORS

Amounts falling due within one year

237,015

278,441

NET CURRENT LIABILITIES

(208,642

)

(252,895

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

834,088

789,835

CAPITAL AND RESERVES

Called up share capital

3

100

Revaluation reserve

314,658

Profit and loss account

519,330

475,077

SHAREHOLDERS' FUNDS

834,088

789,835

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 directors acknowledge their 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 Board of Directors on 21 June 2017 and were signed on its behalf by:

J E W Sear - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective

January 2015).

Tangible fixed assets

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

Land and buildings

-

not provided

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Investment properties

In accordance with SSAP 19, investment properties are revalued annually and the aggregate surplus or deficit is

transferred to revaluation reserve. No depreciation is provided in respect of investment properties. If this

departure from the Companies Act 2006, which is necessary in order to give a true and fair view, had not been

made the profit for the financial year would have been reduced by depreciation. However, the amount of

depreciation cannot reasonably be quantified because depreciation is only one of many factors reflected in the

annual valuation and the amount which might otherwise have been shown cannot be separately identified.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 October 2015

and 30 September 2016

1,042,730

NET BOOK VALUE

At 30 September 2016

1,042,730

At 30 September 2015

1,042,730

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

100

Ordinary

£1

100

4.	RELATED PARTY DISCLOSURES

As at 30 September 2016 Gunbell and Co Ltd was owed £20,713 from Home and Coastal Development Ltd and

owed £216,928 to Lasada Ltd.

The company paid management fees to Lasada Limited during the year amounting to £16,903.