GALLY_HILL_ESTATES_LIMITE - Accounts

GALLY HILL ESTATES LIMITED - Company Information

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Company Registration No. 04660146 (England and Wales)

GALLY HILL ESTATES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

GALLY HILL ESTATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

GALLY HILL ESTATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

2014

Notes

Current assets

Debtors

5,000

Investments

130,000

Cash at bank and in hand

1,302

1,902

136,302

136,902

Creditors: amounts falling due within one year

(70,674)

(70,808)

Total assets less current liabilities

65,628

66,094

Capital and reserves

Called up share capital

Profit and loss account

65,627

66,093

Shareholders' funds

65,628

66,094

For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 December 2015

D F Pinto

Director

Company Registration No. 04660146

GALLY HILL ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

No depreciation is provided in respect of freehold land.

1.3

Investments

Current asset investments are stated at the lower of cost and net realisable value.

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary share of £1 each

Control

The ultimate controlling party is D F Pinto, director and sole shareholder.