Abbreviated Company Accounts - GRAND PRIX WEEK LIMITED
Abbreviated Company Accounts - GRAND PRIX WEEK LIMITED
Registered Number 06458180
GRAND PRIX WEEK LIMITED
Abbreviated Accounts
31 December 2015
GRAND PRIX WEEK LIMITED Registered Number 06458180
Abbreviated Balance Sheet as at 31 December 2015
Notes | 31/12/2015 | 30/06/2014 | |
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£ | £ | ||
Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 2 |
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Share premium account |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
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 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
And signed on their behalf by:
GRAND PRIX WEEK LIMITED Registered Number 06458180
Notes to the Abbreviated Accounts for the period ended 31 December 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Other accounting policies
The financial statements are prepare in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
Going concern
As at 31 December 2015 the company has an excess of liabilities over assets and is dependent on the continuing support of the directors. The directors have prepared the accounts on a going concern basis as there is a reasonable expectation that the company will be supported by the directors for the foreseeable future.