Genco Pura Properties Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 09583756 (England and Wales)

GENCO PURA PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

11 MAY 2015 TO 31 MAY 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Ms J A Santomauro

V Santomauro

REGISTERED OFFICE:

203 London Road

Hadleigh

Benfleet

Essex

SS7 2RD

REGISTERED NUMBER:

09583756 (England and Wales)

ACCOUNTANTS:

Haines Watts

Town Wall House

Balkerne Hill

Colchester

Essex

CO3 3AD

FIXED ASSETS

Investment property

3

463,071

CURRENT ASSETS

Debtors

4

1,200

Cash at bank

14,078

15,278

CREDITORS

Amounts falling due within one year

5

(477,171

)

NET CURRENT LIABILITIES

(461,893

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,178

CAPITAL AND RESERVES

Called up share capital

7

1

Retained earnings

8

1,177

SHAREHOLDERS' FUNDS

1,178

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 5 May 2017 and were signed on its behalf by:

Ms J A Santomauro - Director

1.	STATUTORY INFORMATION

Genco Pura Properties Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

The turnover shown in the income statement represents amounts receivable for rent in the period.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value

is recognised in the income statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

463,071

At 31 May 2016

463,071

NET BOOK VALUE

At 31 May 2016

463,071

Cost or valuation at 31 May 2016 is represented by:

£

Cost

463,071

The director believes the market value of the properties at the balance sheet date is not materially different to it's cost at

acquisition.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Deferred tax asset

1,200

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Directors' loan accounts

475,971

Accruals and deferred income

1,200

477,171

6.	DEFERRED TAX

£

Credit to Income Statement during period

(1,200

)

Balance at 31 May 2016

(1,200

)

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

1

1

1 Ordinary share of 1 was allotted and fully paid for cash at par during the period.

8.

RESERVES

Retained

earnings

£

Profit for the period

1,177

At 31 May 2016

1,177

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period the Ms J A Santomauro introduced £476,241 into the company and paid £2,152 of expenses on behalf of

the company. £2,422 was repaid to the director.

As at 31 May 2016 the company owed Ms J A Santomauro £475,971. This balance is interest free, unsecured and

repayable on demand.