GMR Property (Peterhead) Ltd - Abbreviated accounts 16.1

GMR Property (Peterhead) Ltd - Abbreviated accounts 16.1


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REGISTERED NUMBER: SC173377(Scotland)















Abbreviated Accounts for the Year Ended 31 March 2016

for

GMR Property (Peterhead) Ltd

GMR Property (Peterhead) Ltd (Registered number: SC173377)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

GMR Property (Peterhead) Ltd

Company Information
for the Year Ended 31 March 2016







DIRECTOR: G A Rennie





REGISTERED OFFICE: Dunit
Station Terrace
Longside
Peterhead
ABERDEENSHIRE
AB42 4UE





REGISTERED NUMBER: SC173377(Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
ABERDEENSHIRE
AB41 9LJ

GMR Property (Peterhead) Ltd (Registered number: SC173377)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 35,910 39,770

CURRENT ASSETS
Debtors 184,418 182,518
Cash at bank 4,687 2,154
189,105 184,672
CREDITORS
Amounts falling due within one year 58,341 70,467
NET CURRENT ASSETS 130,764 114,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,674

153,975

PROVISIONS FOR LIABILITIES 7,182 10,866
NET ASSETS 159,492 143,109

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 159,490 143,107
SHAREHOLDERS' FUNDS 159,492 143,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 28 September 2016and were signed by:





G A Rennie- Director


GMR Property (Peterhead) Ltd (Registered number: SC173377)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 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.

Land and buildings - 4% 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
Total
£   
COST
At 1 April 2015
and 31 March 2016 103,500
DEPRECIATION
At 1 April 2015 63,730
Charge for year 3,860
At 31 March 2016 67,590
NET BOOK VALUE
At 31 March 2016 35,910
At 31 March 2015 39,770

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
2 Ordinary £1.00 2 2