Gleave Investments Limited - Period Ending 2015-12-31

Registration number: 03277338

Gleave Investments Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Bright Partnership LLP
Chartered Accountants & Business Advisors
Yarmouth House
Daten Avenue
Trident Business Park
Warrington
Cheshire
WA3 6BX

Gleave Investments Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Gleave Investments Limited
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gleave Investments Limited for the year ended 31 December 2015 set out on pages from the company's 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of Gleave Investments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Gleave Investments Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gleave Investments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Gleave Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gleave Investments Limited. You consider that Gleave Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Gleave Investments Limited. 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 accounts.

......................................

Bright Partnership LLP
Chartered Accountants & Business Advisors
Yarmouth House
Daten Avenue
Trident Business Park
Warrington
Cheshire
WA3 6BX

1 March 2016

Page 1

Gleave Investments Limited
(Registration number: 03277338)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,119,279			950,883
Current assets
Cash at bank and in hand					32,824			267,568
Creditors: Amounts falling due within one year					(132,775)			(659,282)
Net current liabilities					(99,951)			(391,714)
Total assets less current liabilities					1,019,328			559,169
Creditors: Amounts falling due after more than one year					(286,750)			-
Net assets					732,578			559,169
Capital and reserves
Called up share capital		3			1,118,028			1,118,028
Profit and loss account					(385,450)			(558,859)
Shareholders' funds					732,578			559,169

For the year ending 31 December 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 director acknowledges his 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 director on 1 March 2016

.........................................
Mr William Gleave
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Gleave Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

The company has no depreciating assets.

Asset class	Depreciation method and rate
Land and Buildings	0%

Research and development

Research and development expenditure is written off as incurred.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		950,883			950,883
Additions		285,596			285,596
Disposals		(117,200)			(117,200)
At 31 December 2015		1,119,279			1,119,279
Depreciation
At 31 December 2015		-			-
Net book value
At 31 December 2015		1,119,279			1,119,279
At 31 December 2014		950,883			950,883

Page 3

Gleave Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A of £1 each		100			100			100			100
Ordinary B of £1 each		1,117,928			1,117,928			1,117,928			1,117,928
		1,118,028			1,118,028			1,118,028			1,118,028

4

Control

The company is controlled by Bradonpass Ltd.

Page 4