GREENPAGES_DEVELOPMENTS_L - Accounts

GREENPAGES DEVELOPMENTS LIMITED - Company Information

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Company Registration No. 05893475 (England and Wales)

GREENPAGES DEVELOPMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

GREENPAGES DEVELOPMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GREENPAGES DEVELOPMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

153,764

448,552

Current assets

Debtors

4,875

Cash at bank and in hand

309

4,875

Creditors: amounts falling due within one year

(1,260)

(5,161)

Net current liabilities

(951)

(286)

Total assets less current liabilities

152,813

448,266

Creditors: amounts falling due after more than one year

(246,946)

(532,483)

(94,133)

(84,217)

Capital and reserves

Called up share capital

Profit and loss account

(94,137)

(84,221)

Shareholders' funds

(94,133)

(84,217)

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 30 May 2017

T Page

Director

Company Registration No. 05893475

GREENPAGES DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 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).

The company meets its day to day working capital requirements through the support of its directors. The directors are in a position to continue their support for the foreseeable future and therefore the accounts have been prepared on the going concern basis.

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 receivable rental income.

1.4

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Tangible fixed assets include investment properties valued by the company directors on an existing use open market value basis.

Fixed assets

Tangible assets

Cost

At 1 September 2015

448,552

Disposals

(294,788)

At 31 August 2016

153,764

At 31 August 2015

448,552

Creditors: amounts falling due within one year

GREENPAGES DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total not repayable by instalments and due in more than five years

246,946

532,483

The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £305,089).

The aggregate amount of creditors for which security has been given amounted to £112,833 (2015 - £305,089).

Share capital

2016

2015

Allotted, called up and fully paid

4 Ordinary shares of £1 each