P H Gillingham Properties Limited - Period Ending 2017-03-25

Registration number: 04590167

P H Gillingham Properties Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 25 March 2017

P H Gillingham Properties Limited

(Registration number: 04590167)
Balance Sheet as at 25 March 2017

	Note	2017 £	2016 £
Current assets
Debtors	3	1	1
Capital and reserves
Called up share capital		1	1
Total equity		1	1

For the financial year ending 25 March 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	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 and authorised by the Board on 20 December 2017 and signed on its behalf by:
 

.........................................

P J Noest

Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

P H Gillingham Properties Limited

Notes to the Financial Statements for the Year Ended 25 March 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
Windsor House
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AT

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial Instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Page 2

P H Gillingham Properties Limited

Notes to the Financial Statements for the Year Ended 25 March 2017

3

Debtors

	Note	2017 £	2016 £
Amounts owed by related parties		1	1
Total current trade and other debtors		1	1

4	Transition to FRS 102

This is the first period that the company has presented its financial statements under Financial Reporting Standard 102 (FRS 102) issued by the Financial Reporting Council. The last financial statements under previous UK GAAP were for the period 1 April 2015 to 25 March 2016 and the date of transition to FRS 102 was therefore 1 April 2015. There were no transitional adjustments as a result of adopting FRS 102 for the first time. The company did not present financial statements for previous periods.

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