Abbreviated Company Accounts - GRAYLAND INVESTMENTS LIMITED

GRAYLAND INVESTMENTS LIMITED - Company Information

00753067 GRAYLAND INVESTMENTS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 00753067 2015-04-01 2016-03-31 00753067 2016-03-31 00753067 2015-03-31 00753067 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 00753067 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 00753067

GRAYLAND INVESTMENTS LIMITED

Abbreviated Accounts

31 March 2016

GRAYLAND INVESTMENTS LIMITED Registered Number 00753067

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,713,100	2,713,100
		2,713,100	2,713,100
Current assets
Debtors		1,732,829	1,701,650
Cash at bank and in hand		279,201	233,291
		2,012,030	1,934,941
Creditors: amounts falling due within one year		(1,929,994)	(1,863,205)
Net current assets (liabilities)		82,036	71,736
Total assets less current liabilities		2,795,136	2,784,836
Total net assets (liabilities)		2,795,136	2,784,836
Capital and reserves
Called up share capital	3	1,500,000	1,500,000
Profit and loss account		1,295,136	1,284,836
Shareholders' funds		2,795,136	2,784,836

For the year ending 31 March 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 3 July 2017

And signed on their behalf by:
EMANUEL TAJTELBAUM, Director

GRAYLAND INVESTMENTS LIMITED Registered Number 00753067

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amount of rents and service charges receivable.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% reducing balance

No provision has been made for depreciation of freehold buildings.

Other accounting policies
Investment properties

The company's investment property is included in the Balance Sheet at historical cost. This is not in accordance with the requirements of Statement of Standard Accounting Practice No 19 which requires such properties to be stated at their open market value.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 April 2015	2,715,423
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	2,715,423
Depreciation
At 1 April 2015	2,323
Charge for the year	-
On disposals	-
At 31 March 2016	2,323
Net book values
At 31 March 2016	2,713,100
At 31 March 2015	2,713,100

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

	2016 £	2015 £
1,500,000 Ordinary shares of £1 each	1,500,000	1,500,000