Greedylegs Limted
|
Registered number: |
03878730
|
Abbreviated Balance Sheet |
as at 30 November 2016
|
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|
Notes |
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|
2016 |
|
|
2015 |
|
|
|
|
£ |
|
|
£ |
Fixed assets |
Tangible assets |
2 |
|
|
5,004,056 |
|
|
5,003,140 |
|
Current assets |
Debtors |
|
|
272 |
|
|
2,975 |
Cash at bank and in hand |
|
|
49,248 |
|
|
28,900 |
|
|
|
49,520 |
|
|
31,875 |
|
Creditors: amounts falling due within one year |
|
|
(88,537) |
|
|
(83,163) |
|
|
|
|
|
|
|
Net current liabilities |
|
|
|
(39,017) |
|
|
(51,288) |
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Net assets |
|
|
|
4,965,039 |
|
|
4,951,852 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
100 |
|
|
100 |
Revaluation reserve |
|
|
|
4,407,460 |
|
|
4,407,460 |
Profit and loss account |
|
|
|
557,479 |
|
|
544,292 |
|
Shareholders' funds |
|
|
|
4,965,039 |
|
|
4,951,852 |
|
|
|
|
|
|
|
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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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.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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|
Nicholas Miller |
Director |
Approved by the board on 11 May 2017
|
|
Greedylegs Limted
|
Notes to the Abbreviated Accounts |
for the year ended 30 November 2016
|
|
1 |
Accounting policies |
|
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Basis of preparation |
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The accounts have been prepared under the historical cost convention as modified by the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover |
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Turnover represents the rent due to the company during the accounting period net of value added tax.
|
|
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Depreciation |
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Depreciation has been provided at the following annual rate in order to write off the assets over their estimated useful lives: |
|
|
Office Equipment |
25% on a reducing balance basis
|
|
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The company's investment property is included at open market value. No depreciation is provided |
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in respect of the investment property. This represents a departure from the Companies Act 2006 |
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requirements concerning depreciation of fixed assets. The directors consider the adoption of this |
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policy is necessary to give a true and fair view. |
|
|
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2 |
Tangible fixed assets |
£ |
|
|
Cost or Valuation |
|
At 1 December 2015 |
5,009,404 |
|
Additions |
2,268 |
|
At 30 November 2016 |
5,011,672 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2015 |
6,264 |
|
Charge for the year |
1,352 |
|
At 30 November 2016 |
7,616 |
|
|
|
|
|
|
|
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Net book value |
|
At 30 November 2016 |
5,004,056 |
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At 30 November 2015 |
5,003,140 |
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|
|
|
|
|
|
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3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
|
|
Value |
|
Number |
|
£ |
|
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
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|
|
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