Micro-entity Accounts - GRANDAL UNITED LTD

GRANDAL UNITED LTD - Company Information

07640740 GRANDAL UNITED LTD 2017-05-31 false 2016-06-01 2017-05-31 true 07640740 2016-06-01 2017-05-31 07640740 2017-05-31 07640740 2016-05-31 07640740 uk-gaap-cd-bus:Director1 2016-06-01 2017-05-31 07640740 uk-gaap-cd-bus:Director2 2016-06-01 2017-05-31 07640740 uk-gaap-cd-bus:AllEntityOfficers 2016-06-01 2017-05-31 iso4217:GBP shares

Registered Number 07640740

GRANDAL UNITED LTD

Micro-entity Accounts

31 May 2017

GRANDAL UNITED LTD Registered Number 07640740

Micro-entity Balance Sheet as at 31 May 2017

	2017	2016
	£	£
Fixed assets
Investments	2,032,936	1,895,334
	2,032,936	1,895,334
Current assets
Debtors	16,740	16,740
Cash at bank and in hand	1,289	7,885
	18,029	24,625
Creditors: amounts falling due within one year	(809)	(219)
Net current assets (liabilities)	17,220	24,406
Total assets less current liabilities	2,050,156	1,919,740
Creditors: amounts falling due after more than one year	(2,041,618)	(1,914,275)
Total net assets (liabilities)	8,538	5,465
Capital and reserves
Called up share capital	1	1
Profit and loss account	8,537	5,464
Shareholders' funds	8,538	5,465

For the year ending 31 May 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 October 2017

And signed on their behalf by:
Ms SHEILA WILNA MAGNAN, Director

GRANDAL UNITED LTD Registered Number 07640740

Notes to the Micro-entity Accounts for the period ended 31 May 2017

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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Other accounting policies
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.