Grandco Securities Limited - Limited company - abbreviated - 11.6

Grandco Securities Limited - Limited company - abbreviated - 11.6

GRANDCO SECURITIES LIMITED - Company Information

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REGISTERED NUMBER: 01054872 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

GRANDCO SECURITIES LIMITED

GRANDCO SECURITIES LIMITED (REGISTERED NUMBER: 01054872)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

GRANDCO SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTORS: Mrs P M White
Mrs T A Wright
M L F Wright





SECRETARY: Mrs T A Wright





REGISTERED OFFICE: Avenue House
Southgate
Chichester
West Sussex
PO19 1ES





REGISTERED NUMBER: 01054872 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Ltd
Chartered Accountants
Avenue House
Southgate
Chichester
West Sussex
PO19 1ES
Page 1
GRANDCO SECURITIES LIMITED (REGISTERED NUMBER: 01054872)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 13,023 14,099
Investments 3 1,000 1,000
Investment property 4 1,500,000 1,150,000
1,514,023 1,165,099

CURRENT ASSETS
Stocks 520 5,900
Debtors 742,067 178,748
Cash at bank 14,526 17,056
757,113 201,704
CREDITORS
Amounts falling due within one year 5 733,151 209,623
NET CURRENT ASSETS/(LIABILITIES) 23,962 (7,919 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,537,985
1,157,180

CREDITORS
Amounts falling due after more than one
year
5
173,857
185,433
NET ASSETS 1,364,128 971,747

CAPITAL AND RESERVES
Called up share capital 6 909,040 909,040
Revaluation reserve 533,341 183,341
Profit and loss account (78,253 ) (120,634 )
SHAREHOLDERS' FUNDS 1,364,128 971,747

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 notes form part of these abbreviated accounts

Page 2 continued...
GRANDCO SECURITIES LIMITED (REGISTERED NUMBER: 01054872)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2014


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 30 December 2014 and were signed on its behalf
by:





Mrs T A Wright - Director


The notes form part of these abbreviated accounts

Page 3
GRANDCO SECURITIES LIMITED (REGISTERED NUMBER: 01054872)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008).

Preparation of consolidated financial statements
The financial statements contain information about Grandco Securities Limited as an individual company and do
not contain consolidated financial information as the parent of a group. The company has taken the option under
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover
Turnover represents invoiced sales of goods and services.

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

Freehold land - not provided
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

Depreciation is not provided in respect of such freehold investment properties. This policy represents a departure
from statutory accounting principles, which requires depreciation to be provided on all fixed assets. The directors
consider that this policy is necessary in order that the accounts may give a true and fair view because current
values and changes in current values are of prime importance rather than the calculation of systematic annual
depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might
otherwise have been shown cannot be separately identified or quantified.

Stocks
Stocks are valued at the lower of cost and net realisable value.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Dividends are brought into account in the profit and loss account when received.

Page 4 continued...
GRANDCO SECURITIES LIMITED (REGISTERED NUMBER: 01054872)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 217,438
Disposals (5,753 )
At 31 March 2014 211,685
DEPRECIATION
At 1 April 2013 203,339
Charge for year 755
Eliminated on disposal (5,432 )
At 31 March 2014 198,662
NET BOOK VALUE
At 31 March 2014 13,023
At 31 March 2013 14,099

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2013
and 31 March 2014 1,000
NET BOOK VALUE
At 31 March 2014 1,000
At 31 March 2013 1,000

The company's investments at the balance sheet date in the share capital of companies include the following:

Chichester Car Hire Co. Limited
Nature of business: Property management and associated activities.
%
Class of shares: holding
Ordinary 100.00
2014 2013
£    £   
Aggregate capital and reserves (487,247 ) (829,381 )
Profit/(loss) for the year 342,134 (60,280 )

Graham Motors (Transport) Limited
Nature of business: Supply of motor vehicles and property management.
%
Class of shares: holding
Ordinary 100.00
2014 2013
£    £   
Aggregate capital and reserves (26,984 ) (33,505 )
Profit for the year 6,521 23,396

Page 5 continued...
GRANDCO SECURITIES LIMITED (REGISTERED NUMBER: 01054872)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014


3. FIXED ASSET INVESTMENTS - continued

South Eastern Motor Auctions Limited
Nature of business: Management of a car auction and property.
%
Class of shares: holding
Ordinary 100.00
2014 2013
£    £   
Aggregate capital and reserves (467,430 ) (629,844 )
Profit/(loss) for the year 162,414 (11,349 )

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2013 1,150,000
Revaluations 350,000
At 31 March 2014 1,500,000
NET BOOK VALUE
At 31 March 2014 1,500,000
At 31 March 2013 1,150,000

5. CREDITORS

Creditors include an amount of £ 192,355 (2013 - £ 203,931 ) for which security has been given.

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

2014 2013
£    £   
Repayable by instalments 99,865 111,441

6. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2014 2013
value: £    £   
909,040 Ordinary £1 909,040 909,040

Page 6