REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
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FOR |
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GANNEL DEVELOPMENTS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
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FOR |
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GANNEL DEVELOPMENTS LIMITED |
GANNEL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06325597) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2020 |
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Page |
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Statement of Financial Position | 1 |
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GANNEL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06325597) |
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STATEMENT OF FINANCIAL POSITION |
31 March 2020 |
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2020 | 2019 |
£ | £ | £ | £ |
FIXED ASSETS |
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CURRENT ASSETS |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
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NOTES TO THE FINANCIAL STATEMENTS |
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1. | STATUTORY INFORMATION |
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Gannel Developments Limited is a
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Registered number: | 06325597 |
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Registered office: | Waterside Court |
Falmouth Road |
Penryn |
Cornwall |
TR10 8AW |
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2. | AVERAGE NUMBER OF EMPLOYEES |
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The average number of employees during the year was
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3. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 March 2020 and 31 March 2019: |
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2020 | 2019 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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GANNEL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06325597) |
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STATEMENT OF FINANCIAL POSITION - continued |
31 March 2020 |
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NOTES TO THE FINANCIAL STATEMENTS |
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3. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
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As at 31 March 2020 £24,156 is owed to the Company by the Director Mr M Miller, this will be repaid within 9 months of the year end. |
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Included in Current Liabilities is an amount of £68,063 (2019: £55,438) due to Mor Investments LLP a company in which Mr M Miller a director of Gannel Developments Limited is also a designated member. |
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During the year Gannel Developments Limited |
- charged Mor Investments LLP a Management fee of £90,000 (2019: £90,000) for work carried out on its behalf. |
- paid £5,200 in consultancy fees to Mr and Mrs J Miller the parents of the Director Mr M Miller. |
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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. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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