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 29 FEBRUARY 2016

GALLY HILL ESTATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

GALLY HILL ESTATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

29 FEBRUARY 2016

- 1 -

2016

2015

Notes

Current assets

Debtors

880,000

5,000

Investments

136,144

130,000

Cash at bank and in hand

14,254

1,302

1,030,398

136,302

Creditors: amounts falling due within one year

(918,270)

(70,674)

Total assets less current liabilities

112,128

65,628

Capital and reserves

Called up share capital

Profit and loss account

112,127

65,627

Shareholders' funds

112,128

65,628

For the financial year ended 29 February 2016 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 8 September 2016

D F Pinto

Director

Company Registration No. 04660146

GALLY HILL ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

- 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 January 2015).

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).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

1.4

Investments

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

Share capital

2016

2015

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.