Groundstone Developments Ltd - Limited company - abbreviated - 11.6
Groundstone Developments Ltd - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 31 March 2014 |
for |
Groundstone Developments Ltd |
Groundstone Developments Ltd (Registered number: 04486750) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 | to | 3 |
Notes to the Abbreviated Accounts | 4 |
Groundstone Developments Ltd |
Company Information |
for the Year Ended 31 March 2014 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Groundstone Developments Ltd (Registered number: 04486750) |
Abbreviated Balance Sheet |
31 March 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 2 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Investment revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
Groundstone Developments Ltd (Registered number: 04486750) |
Abbreviated Balance Sheet - continued |
31 March 2014 |
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 were approved by the Board of Directors on by: |
Groundstone Developments Ltd (Registered number: 04486750) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2014 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities |
(effective April 2008). |
Turnover |
Turnover represents the total value of rents due for the year, excluding value added tax. |
Investment property |
Tangible fixed assets wholly comprise investment property. In accordance with the requirements of the |
Financial Reporting Standard for Smaller Entities such assets are not depreciated and are stated at open |
market valuation at the balance sheet date. This represents a departure from the requirements of the |
Companies Act 2006; however the directors consider the treatment adopted produces a true and fair view of |
the Company's balance sheet. |
Going concern |
At the balance sheet date, the company had net current liabilities. These financial statements are prepared on |
the going concern basis in that the rental business continues due to the financial support of the directors and |
the company's bankers. It is the directors assessment that this support will continue for the foreseeable future |
and as such they remain confident the company is a going concern. |
2. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 April 2013 |
and 31 March 2014 |
NET BOOK VALUE |
At 31 March 2014 |
At 31 March 2013 |
3. | CREDITORS |
Creditors include an amount of £ |
They also include the following debts falling due in more than five years: |
2014 | 2013 |
£ | £ |
Repayable otherwise than by instalments |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
Ordinary | £1 |