Abbreviated Company Accounts - GEMWAY ESTATES LTD

Abbreviated Company Accounts - GEMWAY ESTATES LTD

GEMWAY ESTATES LTD - Company Information

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Registered Number 04976921

GEMWAY ESTATES LTD

Abbreviated Accounts

30 November 2016

GEMWAY ESTATES LTD Registered Number 04976921

Abbreviated Balance Sheet as at 30 November 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,750,414 1,750,101
1,750,414 1,750,101
Creditors: amounts falling due within one year 3 (916,507) (907,002)
Net current assets (liabilities) (916,507) (907,002)
Total assets less current liabilities 833,907 843,099
Creditors: amounts falling due after more than one year 3 (504,133) (571,516)
Total net assets (liabilities) 329,774 271,583
Capital and reserves
Called up share capital 100 100
Revaluation reserve 183,732 183,732
Profit and loss account 145,942 87,751
Shareholders' funds 329,774 271,583
  • For the year ending 30 November 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 16 August 2017

And signed on their behalf by:
J Perelman, Director

GEMWAY ESTATES LTD Registered Number 04976921

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Accounts prepared under historical cost convention and in accordance with FRSSE (effective January 2015)

Turnover policy
Turnover represents the total value, excluding VAT, of rent receivable made during the year and derives from the provision of services falling within the company's ordinary activities.

2Tangible fixed assets
£
Cost
At 1 December 2015 1,811,958
Additions 540
Disposals -
Revaluations -
Transfers -
At 30 November 2016 1,812,498
Depreciation
At 1 December 2015 61,857
Charge for the year 227
On disposals -
At 30 November 2016 62,084
Net book values
At 30 November 2016 1,750,414
At 30 November 2015 1,750,101
3Creditors
2016
£		 2015
£
Secured Debts 552,057 619,440
Instalment debts due after 5 years 222,057 289,440