Company Registration No. 10292708 (England and Wales)
GELLAW 458 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2017
PAGES FOR FILING WITH REGISTRAR
GELLAW 458 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GELLAW 458 LIMITED
BALANCE SHEET
AS AT
31 JULY 2017
31 July 2017
- 1 -
2017
Notes
£
£
Fixed assets
Investments
2
500,000
Current assets
Debtors
3
1
Creditors: amounts falling due within one year
4
(500,000)
Net current liabilities
(499,999)
Total assets less current liabilities
1
Capital and reserves
Called up share capital
5
1
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial period ended 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 24 May 2018
Mr M Morris
Director
Company Registration No. 10292708
GELLAW 458 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2017
- 2 -
1
Accounting policies
Company information
Gellaw 458 Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
3 New Park Place, Pride Park, Derby, DE24 8DZ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Reporting period
The financial statements cover a period of twelve months and eight days being the date of incorporation to the companies first year end.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in profit or loss.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
1.4
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2
Fixed asset investments
2017
£
Investments
500,000
Fixed asset investments are presented at initial cost.
GELLAW 458 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2017
2
Fixed asset investments
(Continued)
- 3 -
Movements in fixed asset investments
Shares in group undertakings and participating interests
£
Cost or valuation
At 22 July 2016
-
Additions
500,000
At 31 July 2017
500,000
Carrying amount
At 31 July 2017
500,000
3
Debtors
2017
Amounts falling due within one year:
£
Other debtors
1
4
Creditors: amounts falling due within one year
2017
£
Other creditors
500,000
5
Called up share capital
2017
£
Ordinary share capital
Issued and fully paid
1 Ordinary of £1 each
1
1