Gryphon Corporate Counsel Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03184433 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

GRYPHON CORPORATE COUNSEL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr T R Sermon MBE

Mrs R D Sermon

SECRETARY:

Mrs R D Sermon

REGISTERED OFFICE:

Cedar House

Souldern

Bicester

Oxfordshire

OX27 7LA

REGISTERED NUMBER:

03184433 (England and Wales)

ACCOUNTANTS:

Lemans

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

FIXED ASSETS

Tangible assets

2

1,770

2,569

Investments

3

-

1,770

2,569

CURRENT ASSETS

Debtors

2,758

2,438

Cash at bank and in hand

3,564

33,045

6,322

35,483

CREDITORS

Amounts falling due within one year

62,195

95,441

NET CURRENT LIABILITIES

(55,873

)

(59,958

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(54,103

)

(57,389

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(54,105

)

(57,391

)

SHAREHOLDERS' FUNDS

(54,103

)

(57,389

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 16 June 2016 and were signed on its behalf by:

Mr T R Sermon MBE - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company's financial statements have been prepared on a going concern basis on the grounds that current and

future sources of funding or support will be more than adequate to meet the company's needs. The directors have

considered a period of twelve months from the date of approval of the financial statements and do not consider

that any further disclosures are necessary.

Accounting convention

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

Financial Reporting Standard for Small Entities. The company has taken advantage of the exemption provided by

s.248 of the Companies Act 1985 not to prepare group accounts.

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.

Fixtures and fittings

-

20%/33% on cost

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

Fixtures

and

fittings

£

COST

At 1 November 2014

3,609

Additions

525

At 31 October 2015

4,134

DEPRECIATION

At 1 November 2014

1,040

Charge for year

1,324

At 31 October 2015

2,364

NET BOOK VALUE

At 31 October 2015

1,770

At 31 October 2014

2,569

3.	FIXED ASSET INVESTMENTS

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

Gryphon Partners Limited

Nature of business: Provision of consultancy services.

%

Class of shares:

holding

Ordinary shares of £1 each

100.00

31.10.15

31.10.14

£

Aggregate capital and reserves

100

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

2

Ordinary

£1

2