GRAMAN PROPERTY DEVELOPMENTS LIMITED - Limited company accounts 16.1

GRAMAN PROPERTY DEVELOPMENTS LIMITED - Limited company accounts 16.1

GRAMAN PROPERTY DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 01762989 (England and Wales)















REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2016

FOR

GRAMAN PROPERTY DEVELOPMENTS LIMITED

GRAMAN PROPERTY DEVELOPMENTS LIMITED (Registered number: 01762989)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2016




Page

Company Information 1

Report of the Directors 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 6


GRAMAN PROPERTY DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2016







DIRECTORS: G. J. Pearman
Mrs P. J. Pearman



SECRETARY: Mr. G. J. Pearman



REGISTERED OFFICE: 16/18, Upland Road,
Dulwich,
London
SE22 9GG



REGISTERED NUMBER: 01762989 (England and Wales)



ACCOUNTANTS: Bennett & Co
Unit C
Broomsleigh Business Park
Worsley Bridge Road
London
SE26 5BN



BANKERS: Lloyds TSB Bank PLC
Page 1
GRAMAN PROPERTY DEVELOPMENTS LIMITED (Registered number: 01762989)

REPORT OF THE DIRECTORS
for the Year Ended 31 JANUARY 2016

The directors present their report with the financial statements of the company for the year ended 31 January 2016.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Property Developers.

DIVIDENDS
No interim dividend was paid during the year. The directors recommend a final dividend of £72 per share.

The total distribution of dividends for the year ended 31 January 2016 will be £ 7,200 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2015 to the date of this
report.

G. J. Pearman
Mrs P. J. Pearman

ON BEHALF OF THE BOARD:





Mr. G. J. Pearman - Secretary


28 October 2016

Page 2
GRAMAN PROPERTY DEVELOPMENTS LIMITED (Registered number: 01762989)

PROFIT AND LOSS ACCOUNT
for the Year Ended 31 JANUARY 2016

31.1.16 31.1.15
Notes £    £   

TURNOVER - -

Administrative expenses 9,553 9,186
(9,553 ) (9,186 )

Other operating income 18,300 18,300
OPERATING PROFIT and
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION
2
8,747
9,114

Tax on profit on ordinary activities 3 1,735 1,827
PROFIT FOR THE FINANCIAL YEAR 7,012 7,287

The notes form part of these financial statements

Page 3
GRAMAN PROPERTY DEVELOPMENTS LIMITED (Registered number: 01762989)

BALANCE SHEET
31 JANUARY 2016

31.1.16 31.1.15
Notes £    £   
CURRENT ASSETS
Stocks 5 93,210 93,210
Debtors 6 93 80
Cash at bank and in hand 2,470 1,546
95,773 94,836
CREDITORS
Amounts falling due within one year 7 4,975 4,110
NET CURRENT ASSETS 90,798 90,726
TOTAL ASSETS LESS CURRENT
LIABILITIES
90,798
90,726

CREDITORS
Amounts falling due after more than one
year
8
83,884
83,624
NET ASSETS 6,914 7,102

CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and loss account 10 6,814 7,002
SHAREHOLDERS' FUNDS 6,914 7,102

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 notes form part of these financial statements

Page 4 continued...
GRAMAN PROPERTY DEVELOPMENTS LIMITED (Registered number: 01762989)

BALANCE SHEET - continued
31 JANUARY 2016


The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).


The financial statements were approved by the Board of Directors on 28 October 2016 and were signed on its behalf by:




G. J. Pearman - Director



Mrs P. J. Pearman - Director


The notes form part of these financial statements

Page 5
GRAMAN PROPERTY DEVELOPMENTS LIMITED (Registered number: 01762989)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 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).

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. OPERATING PROFIT

The operating profit is stated after charging:

31.1.16 31.1.15
£    £   

Directors' remuneration and other benefits etc 3,600 3,600

3. TAXATION

Analysis of the tax charge
The tax charge on the profit on ordinary activities for the year was as follows:
31.1.16 31.1.15
£    £   
Current tax:
UK corporation tax 1,750 1,850
Adjustment in respect of previous year (15 ) (23 )

Tax on profit on ordinary activities 1,735 1,827

UK corporation tax has been charged at 20% (2015 - 20%).

4. DIVIDENDS
31.1.16 31.1.15
£    £   
Ordinary shares of £1 each
Final 7,200 7,200

5. STOCKS
31.1.16 31.1.15
£    £   
Work-in-progress 93,210 93,210

Page 6 continued...
GRAMAN PROPERTY DEVELOPMENTS LIMITED (Registered number: 01762989)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2016

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.16 31.1.15
£    £   
Prepayments 93 80

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.16 31.1.15
£    £   
Corporation Tax 2,685 1,850
Other Creditors 625 625
Accrued Expenses 1,665 1,635
4,975 4,110

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.16 31.1.15
£    £   
Directors Loan Accounts 83,884 83,624

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Profit
and loss
account
£   

At 1 February 2015 7,002
Profit for the year 7,012
Dividends (7,200 )
At 31 January 2016 6,814


Page 7