Abbreviated Company Accounts - GAC PROPERTIES LIMITED

GAC PROPERTIES LIMITED - Company Information

06206150 GAC PROPERTIES LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 06206150 2014-05-01 2015-04-30 06206150 2015-04-30 06206150 2014-04-30 06206150 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 06206150 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 06206150

GAC PROPERTIES LIMITED

Abbreviated Accounts

30 April 2015

GAC PROPERTIES LIMITED Registered Number 06206150

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	180,496	184,341
		180,496	184,341
Current assets
Debtors		5,826	6,266
Cash at bank and in hand		9,343	6,828
		15,169	13,094
Creditors: amounts falling due within one year	3	(3,315)	(2,989)
Net current assets (liabilities)		11,854	10,105
Total assets less current liabilities		192,350	194,446
Creditors: amounts falling due after more than one year	3	(181,647)	(181,658)
Total net assets (liabilities)		10,703	12,788
Capital and reserves
Called up share capital	4	2	2
Revaluation reserve		38,078	38,078
Profit and loss account		(27,377)	(25,292)
Shareholders' funds		10,703	12,788

For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 by the Board on 12 November 2015

And signed on their behalf by:
A Christou, Director

GAC PROPERTIES LIMITED Registered Number 06206150

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value of rent receivable during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:
Leasehold properties - Straight line over the life of the lease
Fixtures, fittings and equipment - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 May 2014	210,699
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	210,699
Depreciation
At 1 May 2014	26,358
Charge for the year	3,845
On disposals	-
At 30 April 2015	30,203
Net book values
At 30 April 2015	180,496
At 30 April 2014	184,341

3Creditors

	2015 £	2014 £
Secured Debts	181,647	181,658

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2