ACCOUNTS - Final Accounts preparation

Share capital

Shares classified as equity

GESHER INVESTMENTS LTD - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2016-01-01 09433464 2016-01-01 2016-12-31 09433464 2015-02-11 2015-12-31 09433464 2016-12-31 09433464 2015-12-31 09433464 c:Director1 2016-01-01 2016-12-31 09433464 c:Director2 2016-01-01 2016-12-31 09433464 d:LeaseholdInvestmentProperty 2016-12-31 09433464 d:LeaseholdInvestmentProperty 2015-12-31 09433464 d:CurrentFinancialInstruments 2016-12-31 09433464 d:CurrentFinancialInstruments 2015-12-31 09433464 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 09433464 d:CurrentFinancialInstruments d:WithinOneYear 2015-12-31 09433464 d:ShareCapital 2016-12-31 09433464 d:ShareCapital 2015-02-11 2015-12-31 09433464 d:ShareCapital 2015-12-31 09433464 d:RetainedEarningsAccumulatedLosses 2016-01-01 2016-12-31 09433464 d:RetainedEarningsAccumulatedLosses 2016-12-31 09433464 d:RetainedEarningsAccumulatedLosses 2015-02-11 2015-12-31 09433464 d:RetainedEarningsAccumulatedLosses 2015-12-31 09433464 c:OrdinaryShareClass1 2016-01-01 2016-12-31 09433464 c:OrdinaryShareClass1 2016-12-31 09433464 c:FRS102 2016-01-01 2016-12-31 09433464 c:AuditExemptWithAccountantsReport 2016-01-01 2016-12-31 09433464 c:FullAccounts 2016-01-01 2016-12-31 09433464 c:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09433464

Gesher Investments Ltd

Unaudited

Financial statements

For the Year Ended 31 December 2016

Gesher Investments Ltd

Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Gesher Investments Ltd for the 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 Gesher Investments Ltd for the year ended 31 December 2016 which comprise the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/ members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Gesher Investments Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gesher Investments Ltd and state those matters that we have agreed to state to the Board of Directors of Gesher Investments Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gesher Investments Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gesher Investments Ltd 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 profit or loss of Gesher Investments Ltd. You consider that Gesher Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Gesher Investments Ltd. 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.

Harris & Trotter LLP

Chartered Accountants

64 New Cavendish Street

London

W1G 8TB

22 December 2017

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Gesher Investments Ltd

Registered number: 09433464

Balance Sheet

As at 31 December 2016

		2016		2015
Note		£		£

Fixed assets
Investment property	4		374,052		374,052
			374,052		374,052
Current assets
Debtors	5	1,160		764
Cash at bank and in hand		1,684		5,181
		2,844		5,945
Creditors: amounts falling due within one year	6	(372,484)		(378,582)
Net current liabilities			(369,640)		(372,637)
Total assets less current liabilities			4,412		1,415

Net assets			4,412		1,415

Capital and reserves
Called up share capital	7	2	2
Profit and loss account		4,410	1,413
		4,412	1,415

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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Gesher Investments Ltd

Registered number: 09433464

Balance Sheet (continued)

As at 31 December 2016

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

V Bermant	K J Cahill
Director	Director

Date: 22 December 2017

The notes on pages 5 to 7 form part of these financial statements.

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Gesher Investments Ltd

Statement of Changes in Equity

For the Year Ended 31 December 2016

	Called up share capital	Profit and loss account	Total equity
	£	£	£
Comprehensive income for the period
Profit for the period	-	1,413	1,413
Shares issued during the period	2	-	2

At 1 January 2016	2	1,413	1,415
Comprehensive income for the year
Profit for the year	-	2,997	2,997
At 31 December 2016	2	4,410	4,412

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Gesher Investments Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2016

1.	General information

Gesher Investments Ltd is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 64 New Cavendish Street, London, W1G 8TB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of rents received or receivable, excluding discounts and rebates.

2.3

Investment property

Investment property is carried at fair value determined annually by the directors or external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Taxation

Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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Gesher Investments Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2016

Employees

The average monthly number of employees, including directors, during the year was 2 (2015 - 2).

4.	Investment property

		Long term leasehold investment property
		£
	Valuation
	At 1 January 2016	374,052
	At 31 December 2016	374,052

	Comprising
	Cost	374,052
	At 31 December 2016	374,052

Page 6

Gesher Investments Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2016

Debtors

					2016	2015
					£	£


Prepayments and accrued income	1,160	764
	1,160	764

6.	Creditors: Amounts falling due within one year
		2016	2015
		£	£

Corporation tax	1,315	566
Other creditors	-	8,500
Directors' loan accounts	366,120	366,566
Accruals and deferred income	5,049	2,950
	372,484	378,582

Allotted, issued and fully paid

2 Ordinary shares of £1 each	2	2

8.	Controlling party

The company is under control of its directors who hold, equally, the entire issued share capital of the company.

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