G & B Property Sales Limited - Limited company - abbreviated - 11.6
G & B Property Sales Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 JULY 2014 |
| FOR |
| G & B PROPERTY SALES LIMITED |
| G & B PROPERTY SALES LIMITED (REGISTERED NUMBER: 04821136) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 July 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| G & B PROPERTY SALES LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 July 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| G & B PROPERTY SALES LIMITED (REGISTERED NUMBER: 04821136) |
| ABBREVIATED BALANCE SHEET |
| 31 July 2014 |
| 2014 | 2013 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| G & B PROPERTY SALES LIMITED (REGISTERED NUMBER: 04821136) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 July 2014 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| G & B PROPERTY SALES LIMITED (REGISTERED NUMBER: 04821136) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 July 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparation of financial statements |
| The accounts have been prepared on the basis that the directors will continue to provide financial |
| support to the business. |
| The company is the parent undertaking of a small group and as such is not required by Companies Act |
| 2006 to prepare group accounts. These financial statements therefore present information about the |
| company as an individual undertaking and not about its group. |
| The principal accounting policies of the company have remained unchanged from the previous year |
| and are set out below. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the |
| revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
| Entities (effective April 2008). |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
| changes in market value is transferred to a revaluation reserve. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
| the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
| exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
| the operating result. |
| Investments |
| Investments held as fixed assets are shown at cost less provision for impairment. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 August 2013 |
| and 31 July 2014 |
| DEPRECIATION |
| At 1 August 2013 |
| Charge for year |
| At 31 July 2014 |
| NET BOOK VALUE |
| At 31 July 2014 |
| At 31 July 2013 |
| G & B PROPERTY SALES LIMITED (REGISTERED NUMBER: 04821136) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 July 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| The company's investments at the balance sheet date in the share capital of companies include the |
| following: |
| Country of incorporation: Montenegro |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 51.00 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 August 2013 |
| Revaluations |
| At 31 July 2014 |
| NET BOOK VALUE |
| At 31 July 2014 |
| At 31 July 2013 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | 1 |