Abbreviated Company Accounts - GS ESTATES II LIMITED

GS ESTATES II LIMITED - Company Information

Registered Number SC459462

GS ESTATES II LIMITED

Abbreviated Accounts

30 September 2016

GS ESTATES II LIMITED Registered Number SC459462

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	700,000	700,000
		700,000	700,000
Creditors: amounts falling due within one year		(525,000)	(525,000)
Net current assets (liabilities)		(525,000)	(525,000)
Total assets less current liabilities		175,000	175,000
Total net assets (liabilities)		175,000	175,000
Capital and reserves
Called up share capital		100	100
Profit and loss account		174,900	174,900
Shareholders' funds		175,000	175,000

For the year ending 30 September 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 26 June 2017

And signed on their behalf by:
Daniel O'Doherty, Director

GS ESTATES II LIMITED Registered Number SC459462

Notes to the Abbreviated Accounts for the period ended 30 September 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.

2Tangible fixed assets

	£
Cost
At 1 October 2015	700,000
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 30 September 2016	700,000
Depreciation
At 1 October 2015	-
Charge for the year	-
On disposals	-
At 30 September 2016	-
Net book values
At 30 September 2016	700,000
At 30 September 2015	700,000

There is an ongoing dispute regarding the misrepresentation of the values of the property and the loan secured against the property. The lending company is in liquidation. The amounts stated on these accounts is the Directors valuation of both property and loan.