Gip (Industrial Properties) Ltd - Limited company - abbreviated

REGISTERED NUMBER: 06532870 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2014

for

Gip (Industrial Properties) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D Chillingworth

T Haines

SECRETARY:

T Haines

REGISTERED OFFICE:

67-68 Horndon Industrial Park

West Horndon

Brentwood

Essex

CM13 3XL

REGISTERED NUMBER:

06532870 (England and Wales)

ACCOUNTANTS:

Giess Wallis Crisp LLP

10-12 Mulberry Green

Old Harlow

Essex

CM17 0ET

FIXED ASSETS

Tangible assets

2

1,515,844

1,517,370

CURRENT ASSETS

Debtors

1

Cash at bank

10,602

1,987

10,603

1,988

CREDITORS

Amounts falling due within one year

3

438,439

411,541

NET CURRENT LIABILITIES

(427,836

)

(409,553

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,088,008

1,107,817

CREDITORS

Amounts falling due after more than one
year

3

1,039,419

1,097,807

NET ASSETS

48,589

10,010

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

48,588

10,009

SHAREHOLDERS' FUNDS

48,589

10,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 November 2014 and were signed on its behalf
by:

D Chillingworth - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

over the remaining period of the lease

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

1,525,000

DEPRECIATION

At 1 April 2013

7,630

Charge for year

1,526

At 31 March 2014

9,156

NET BOOK VALUE

At 31 March 2014

1,515,844

At 31 March 2013

1,517,370

3.

CREDITORS

Creditors include an amount of £ 1,088,599 (2013 - £ 1,126,083 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

Repayable by instalments

842,698

984,703

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1

Ordinary

£1

1

Gip (Industrial Properties) Ltd - Limited company - abbreviated - 11.6

Gip (Industrial Properties) Ltd - Limited company - abbreviated - 11.6