Gannicus Properties Limited Small abbreviated accounts

GANNICUS PROPERTIES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 09903646

GANNICUS PROPERTIES LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

31 December 2016

GANNICUS PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

31 December 2016

		31 Dec 16
Note		£	£
Fixed assets	2
Tangible assets			222,406

Current assets

Debtors	152

Creditors: Amounts falling due within one year	( 222,866)
	---------
Net current liabilities		( 222,714)
		---------
Total assets less current liabilities		( 308)
		---------

Capital and reserves

Called up equity share capital	3	3
Profit and loss account		( 311)
		----
Deficit		( 308)
		----

For the period from 4 December 2015 to 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 25 August 2017 , and are signed on their behalf by:

L Cox Director

Company Registration Number: 09903646

GANNICUS PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

PERIOD FROM 4 DECEMBER 2015 TO 31 DECEMBER 2016

1. Accounting policies

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the period.

Fixed assets

All fixed assets are initially recorded at cost.

Investment properties

Investment properties are included in the balance sheet at their open market value and are not depreciated. Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19, Accounting for Investment Properties, it is a departure from the general requirements of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to show a true and fair view. Depreciation or amortisation is only one of the factors reflected in annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2. Fixed assets

	Tangible Assets
	£

Cost

Additions	222,406
	---------
At 31 December 2016	222,406
	---------

Depreciation	–
	----

Net book value

At 31 December 2016	222,406
	---------

At 3 December 2015	–
	---------

3. Share capital

Allotted, called up and fully paid:

	No.	£
Ordinary shares of £ 1 each	3	3
	----	----

On incorporation 3 £1 ordinary shares were issued at par.

4. Going concern

The accounts have been prepared on the going concern basis as the directors have expressed their willingness to support the business for the foreseeable future.