Company Registration No. 03379174 (England and Wales)
GILBRAN (MANAGEMENT) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
GILBRAN (MANAGEMENT) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
GILBRAN (MANAGEMENT) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,341
10,901
Investments
2
831,403
903,138
839,744
914,039
Current assets
Debtors
1,125,158
945,309
Cash at bank and in hand
2,164,898
432,081
3,290,056
1,377,390
Creditors: amounts falling due within one year
(2,056,717)
(97,502)
Net current assets
1,233,339
1,279,888
Total assets less current liabilities
2,073,083
2,193,927
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
2,073,081
2,193,925
Shareholders' funds
2,073,083
2,193,927
For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 28 September 2017
N Smith
Director
Company Registration No. 03379174
GILBRAN (MANAGEMENT) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 2 -
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).
The financial statements have been prepared on a going concern basis notwithstanding that the company has a net deficiency of asset
s
at the balance sheet date. The preparation of the financial statements on any other basis would reflect substantially the same position as at balance sheet date.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
20% Reducing balance
Fixtures, fittings & equipment
25% Reducing balance
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 November 2015 & at 31 October 2016
92,635
831,403
924,038
Depreciation
At 1 November 2015
81,734
-
81,734
Charge for the year
2,560
-
2,560
At 31 October 2016
84,294
-
84,294
Net book value
At 31 October 2016
8,341
831,403
839,744
At 31 October 2015
10,901
903,138
914,039
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
GILBRAN (MANAGEMENT) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 3 -
4
Ultimate parent company
The company is a wholly owned subsidiary of Gilbran Holdings Limited. The ultimate controlling party is N Smith, the director.