Glynwood House Limited
|
Registered number: |
04433979
|
Abbreviated Balance Sheet |
as at 31 December 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
37,750 |
|
|
37,750 |
Investments |
3 |
|
|
1 |
|
|
1 |
|
|
|
|
37,751 |
|
|
37,751 |
|
Current assets |
Debtors |
|
|
53,059 |
|
|
50,921 |
Cash at bank and in hand |
|
|
19,463 |
|
|
19,458 |
|
|
|
72,522 |
|
|
70,379 |
|
Creditors: amounts falling due within one year |
|
|
(106,161) |
|
|
(104,343) |
|
Net current liabilities |
|
|
|
(33,639) |
|
|
(33,964) |
|
Net assets |
|
|
|
4,112 |
|
|
3,787 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
8 |
|
|
8 |
Profit and loss account |
|
|
|
4,104 |
|
|
3,779 |
|
Shareholders' funds |
|
|
|
4,112 |
|
|
3,787 |
|
|
|
|
|
|
|
|
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.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
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.
|
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.
|
|
|
|
M. A. Cranham |
L. Vujasevic |
Director |
Director |
Approved by the board on 10 June 2016
|
|
Glynwood House Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 December 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Financial statements |
|
The financial statements present information about the company as an individual undertaking and not about its group. In the opinion of the directors the dormant subsidiary is considered to be immaterial and accordingly group accounts are not required. |
|
|
Service charges |
|
The accounts have been prepared in accordance with Technical Release 03/11 published by the ICAEW. The company has no beneficial interest in service charge income or expenditure, all such transactions in the year being related to the maintenance of the common parts in accordance with the lease. Service charges collected and held on trust for the purpose of meeting the relevant cost in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987. |
|
|
Turnover |
|
Turnover represents the value of ground rents received by the company, which is not registered for Value Added Tax purposes.
|
|
|
Depreciation |
|
The value of the investment property is reviewed annually. No depreciation is provided in respect of the investment property. The investment property has been valued by the directors as not materially different from cost as at 31st December 2015 on the basis of rental income receivable. The Companies Act requires all properties to be depreciated, however this requirement conflicts with the generally accepted accounting principle set out in the FRSSE. The directors consider that because these properties are not held for consumption but their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view. If this departure from the Act had not been made the surplus for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified because depreciation is only one of many factors reflected in the annual valuation and the amount which would otherwise have been shown cannot be separately identified or quantified. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
37,750 |
|
At 31 December 2015 |
37,750 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 December 2015 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
37,750 |
|
At 31 December 2014 |
37,750 |
|
|
|
|
|
|
|
|
3 |
Investments |
£ |
|
|
Cost |
|
At 1 January 2015 |
1 |
|
|
At 31 December 2015 |
1 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Glynwood House (Residential) Ltd |
Ordinary |
100 |
|
1,121 |
|
88 |
|
|
4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
"A" Ordinary shares
|
£1 each |
|
7 |
|
7 |
|
7 |
|
"B" Non voting Ordinary shares
|
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
8 |
|
8 |
|
|
|
|
|
|
|
|
|