GK Properties (Aberdeen) Limited Micro-entity accounts

GK PROPERTIES ( ABERDEEN ) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: SC466061

GK Properties (Aberdeen) Limited

Filleted Unaudited Financial Statements

31 December 2016

GK Properties (Aberdeen) Limited

Financial Statements

Year ended 31 December 2016

Contents	Pages

Officers and professional advisers	1

Report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position and the notes to the financial statements	3 to 4

GK Properties (Aberdeen) Limited

Officers and Professional Advisers

Director	Mr G. Kumar

Registered office	22 Weaver Terrace
	Aberdeen
	AB24 4SD

Accountants	Gardner & Partners
	Chartered accountant
	9 Rosemount Place
	Aberdeen
	AB25 2UX

Bankers	TSB
	2 School Road
	Aberdeen
	AB24 1TY

Solicitors	Andersonbain LLP
	6,8 & 10 Thistle Street
	Aberdeen
	AB10 1XZ

GK Properties (Aberdeen) Limited

Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of GK Properties (Aberdeen) Limited

Year ended 31 December 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GK Properties (Aberdeen) Limited for the year ended 31 December 2016, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of GK Properties (Aberdeen) Limited in accordance with the terms of our engagement letter dated 1 September 2015. Our work has been undertaken solely to prepare for your approval the financial statements of GK Properties (Aberdeen) Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GK Properties (Aberdeen) Limited and its director for our work or for this report.

It is your duty to ensure that GK Properties (Aberdeen) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of GK Properties (Aberdeen) Limited. You consider that GK Properties (Aberdeen) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of GK Properties (Aberdeen) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Gardner & Partners Chartered accountant

9 Rosemount Place Aberdeen AB25 2UX

14 September 2017

GK Properties (Aberdeen) Limited

Statement of Financial Position

31 December 2016

	2016		2015
	£	£	£
Fixed assets		1,729,934	1,716,834
		------------	------------

Current assets	10,643		53,412
Prepayments and accrued income	6,550		-
	--------		--------
		17,193	53,412

Creditors: amounts falling due within one year	1,711,259	1,731,660
	------------	------------
Net current liabilities	( 1,694,066)	( 1,678,248)
	------------	------------
Total assets less current liabilities	35,868	38,586

Creditors: amounts falling due after more than one year		66,819	66,819

Accruals and deferred income	1,844	3,924
	--------	--------
	(32,795)	(32,157)
	--------	--------

Capital and reserves	( 32,795)	( 32,157)
	--------	--------

Notes to the financial statements

1. Director's advances, credits and guarantees

The company was due the director £497,557 as at the balance sheet date.

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

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 14 September 2017 , and are signed on behalf of the board by:

Mr G. Kumar
Director

Company registration number: SC466061

The company is a private company limited by shares, registered in Scotland.