Abbreviated Company Accounts - GS ESTATES VII LIMITED

Abbreviated Company Accounts - GS ESTATES VII LIMITED

GS ESTATES VII LIMITED - Company Information

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Registered Number SC460393

GS ESTATES VII LIMITED

Abbreviated Accounts

31 October 2016

GS ESTATES VII LIMITED Registered Number SC460393

Abbreviated Balance Sheet as at 31 October 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 800,000 800,000
800,000 800,000
Creditors: amounts falling due within one year (600,000) (600,000)
Net current assets (liabilities) (600,000) (600,000)
Total assets less current liabilities 200,000 200,000
Total net assets (liabilities) 200,000 200,000
Capital and reserves
Called up share capital 100 100
Profit and loss account 199,900 199,900
Shareholders' funds 200,000 200,000
  • For the year ending 31 October 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 VII LIMITED Registered Number SC460393

Notes to the Abbreviated Accounts for the period ended 31 October 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 November 2015 800,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2016 800,000
Depreciation
At 1 November 2015 -
Charge for the year -
On disposals -
At 31 October 2016 -
Net book values
At 31 October 2016 800,000
At 31 October 2015 800,000

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.