GENERAL DEVELOPMENT BANK LIMITED - Accounts

GENERAL DEVELOPMENT BANK LIMITED - Company Information

2016-04-01 2017-03-31 false Capium Accounts Production 1.1 06524409 bus:AbridgedAccounts 2016-04-01 2017-03-31 06524409 bus:FRS102 2016-04-01 2017-03-31 06524409 bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 06524409 bus:SmallCompaniesRegimeForAccounts 2016-04-01 2017-03-31 06524409 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 06524409 2016-04-01 2017-03-31 06524409 2017-03-31 06524409 bus:RegisteredOffice 2016-04-01 2017-03-31 06524409 core:WithinOneYear 2017-03-31 06524409 core:AfterOneYear 2017-03-31 06524409 bus:Director1 2016-04-01 2017-03-31 06524409 bus:Director1 2017-03-31 06524409 bus:Director1 2015-04-01 2016-03-31 06524409 2015-04-01 06524409 bus:CompanySecretary1 2016-04-01 2017-03-31 06524409 bus:LeadAgentIfApplicable 2016-04-01 2017-03-31 06524409 2015-04-01 2016-03-31 06524409 2016-03-31 06524409 core:WithinOneYear 2016-03-31 06524409 core:AfterOneYear 2016-03-31 06524409 bus:EntityAccountantsOrAuditors 2015-04-01 2016-03-31 06524409 bus:OrdinaryShareClass1 2016-04-01 2017-03-31 06524409 bus:OrdinaryShareClass1 2017-03-31 06524409 bus:OrdinaryShareClass1 2015-04-01 2016-03-31 06524409 bus:OrdinaryShareClass1 2016-03-31 06524409 core:ComputerEquipment 2016-04-01 2017-03-31 06524409 core:ComputerEquipment 2017-03-31 06524409 core:ComputerEquipment 2016-03-31 06524409 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2017-03-31 06524409 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2016-03-31 06524409 core:CostValuation core:Non-currentFinancialInstruments 2017-03-31 06524409 core:CostValuation core:Non-currentFinancialInstruments 2016-03-31 06524409 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2017-03-31 06524409 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2017-03-31 06524409 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2017-03-31 06524409 core:Non-currentFinancialInstruments 2017-03-31 06524409 core:Non-currentFinancialInstruments 2016-03-31 06524409 core:ShareCapital 2017-03-31 06524409 core:ShareCapital 2016-03-31 06524409 core:RetainedEarningsAccumulatedLosses 2017-03-31 06524409 core:RetainedEarningsAccumulatedLosses 2016-03-31 06524409 dpl:Item1 2016-04-01 06524409 dpl:Item1 2017-03-31 06524409 dpl:Item1 2015-04-01 06524409 dpl:Item1 2016-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered Number : 06524409

England and Wales

GENERAL DEVELOPMENT BANK LIMITED

Abridged Accounts

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

GENERAL DEVELOPMENT BANK LIMITED
Contents Page
For the year ended 31 March 2017

Statement of Financial Position
Notes to the Financial Statements

GENERAL DEVELOPMENT BANK LIMITED
Statement of Financial Position
As at 31 March 2017

	Notes	2017 £	2016 £
Fixed assets
Tangible fixed assets	2	780	975
Investments	3	1,056,386	1,056,386
		1,057,166	1,057,361
Current assets
Debtors		1,384,965	1,366,559
Cash at bank and in hand		333	34,303
		1,385,298	1,400,862
Creditors: amount falling due within one year		(1,471)	(9,641)
Net current assets		1,383,827	1,391,221

Total assets less current liabilities		2,440,993	2,448,582
Creditors: amount falling due after more than one year		(1,280,172)	(1,303,700)
Provisions for liabilities		(42)	(42)
Net assets		1,160,779	1,144,840

Capital and reserves
Called up share capital	4	1,150,000	1,150,000
Profit and loss account		10,779	(5,160)
Shareholders funds		1,160,779	1,144,840

For the year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts.

Signed on behalf of the board of directors

--------------------------------
Abdelilah Malki
Director

Date approved by the board: 27 December 2017

GENERAL DEVELOPMENT BANK LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 March 2017

Statutory Information

GENERAL DEVELOPMENT BANK LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 06524409.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

20% Reducing Balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Tangible fixed assets

Cost or Valuation	Computer Equipment	Total
	£	£
At 01 April 2016	3,720	3,720
Additions	-	-
Disposals	-	-
At 31 March 2017	3,720	3,720
Depreciation
At 01 April 2016	2,745	2,745
Charge for year	195	195
On disposals	-	-
At 31 March 2017	2,940	2,940
Net book values
Closing balance as at 31 March 2017	780	780
Opening balance as at 01 April 2016	975	975

Investments

Cost or Valuation	Other investments other than loans	Total
	£	£
At 01 April 2016	1,056,386	1,056,386
Additions	-	-
Disposals	-	-
At 31 March 2017	1,056,386	1,056,386

Share Capital

Allotted	2017 £		2016 £
1,150,000 Class A shares of £1.00 each	1,150,000		1,150,000
	1,150,000		1,150,000

Staff Costs

There were no staff employed in UK during the period.