Abbreviated Company Accounts - GAM HOVE LIMITED

Registered Number 05055157

GAM HOVE LIMITED

Abbreviated Accounts

25 March 2014

GAM HOVE LIMITED Registered Number 05055157

Abbreviated Balance Sheet as at 25 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	122,478	122,478
		122,478	122,478
Current assets
Debtors		8,010	10,200
Cash at bank and in hand		50	50
		8,060	10,250
Creditors: amounts falling due within one year		(300)	(2,181)
Net current assets (liabilities)		7,760	8,069
Total assets less current liabilities		130,238	130,547
Total net assets (liabilities)		130,238	130,547
Reserves
Other reserves		129,778	129,778
Income and expenditure account		460	769
Members' funds		130,238	130,547

For the year ending 25 March 2014 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 14 October 2014

And signed on their behalf by:
J M Powell, Director

GAM HOVE LIMITED Registered Number 05055157

Notes to the Abbreviated Accounts for the period ended 25 March 2014

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.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Other accounting policies
All fixed assets are initially recorded at cost.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Company limited by guarantee
The Company is limited by guarantee with no share capital. Any surplus from the activities of the company shall in due course be applied in the carrying out of the objectives.
Only those who are long leaseholders of flats in Grand Avenue Mansions, Grand Avenue, Hove may be members of the company.

3Tangible fixed assets

	£
Cost
At 26 March 2013	122,478
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 25 March 2014	122,478
Depreciation
At 26 March 2013	-
Charge for the year	-
On disposals	-
At 25 March 2014	-
Net book values
At 25 March 2014	122,478
At 25 March 2013	122,478