Company Registration No. 02674464 (England and Wales)
GRABAR INVESTMENTS (1994) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
GRABAR INVESTMENTS (1994) LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3
GRABAR INVESTMENTS (1994) LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GRABAR INVESTMENTS (1994) LIMITED FOR THE YEAR ENDED 31 MARCH 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Grabar Investments (1994) Limited for the year ended 31 March 2016 set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Grabar Investments (1994) Limited, as a body, in accordance with the terms of our engagement letter dated
4
October
201
6
.
Our work has been undertaken solely to prepare for your approval the financial statements of Grabar Investments (1994) Limited and state those matters that we have agreed to state to the Board of Directors of Grabar Investments (1994) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at icaew.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grabar Investments (1994) Limited and its Board of Directors as a body, for our work or for this report
It is your duty to ensure that Grabar Investments (1994) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Grabar Investments (1994) Limited. You consider that Grabar Investments (1994) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Grabar Investments (1994) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Gerald Edelman
22 December 2016
Chartered Accountants
73 Cornhill
London
EC3V 3QQ
GRABAR INVESTMENTS (1994) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
54,503
54,503
Current assets
Debtors
72,750
52,750
Cash at bank and in hand
708
50,331
73,458
103,081
Creditors: amounts falling due within one year
(52,301)
(49,152)
Net current assets
21,157
53,929
Total assets less current liabilities
75,660
108,432
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
75,658
108,430
Shareholders' funds
75,660
108,432
For the financial year ended 31 March 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 22 December 2016
G S Barclay
Director
Company Registration No. 02674464
GRABAR INVESTMENTS (1994) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
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).
1.2
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Investments
£
Cost
At 1 April 2015 & at 31 March 2016
54,503
At 31 March 2015
54,503
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary 'A' share of £1 each
1
1
1 Ordinary 'B' share of £1 each
1
1
2
2
The Ordinary 'A' share and Ordinary 'B' share rank pari passu in all respects except in declaration of dividends, where by one class shall not compel a dividend at the same rate to be declared for any other class of share.