R. T. Griffin Limited
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Registered number: |
05870088
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Balance Sheet |
as at 31 December 2015
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2015 |
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2014 |
£ |
£ |
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Fixed assets |
|
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139 |
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|
186 |
Current assets |
|
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1,449,494 |
|
|
1,517,535 |
Prepayments and accrued income |
|
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2,900 |
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|
3,000 |
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|
|
1,452,394 |
|
|
1,520,535 |
Creditors: amounts falling due within one year |
|
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(1,204,527) |
|
|
(1,295,250) |
Net current assets |
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|
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247,867 |
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225,285 |
Total assets less current liabilities |
|
|
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248,006 |
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225,471 |
Provisions for liabilities |
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|
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(14) |
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(37) |
Accruals and deferred income |
|
|
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(247,368) |
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(224,367) |
Net assets |
|
|
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624 |
|
|
1,067 |
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Capital and reserves |
|
|
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624 |
|
|
1,067 |
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Both directors have loaned monies to the company, interest payable at 1% above bank base rate, the total amount loaned as at 31 December 2015 being £1,203,789 (2014: £1,293,990). Interest accrued but unpaid on these loans totals £247,368 (2014: £224,367). The loans are secured over the assets owned by the company. Repayments are informal and there are no current plans to repay these loans during the foreseeable future until the company has adequate working capital to do so. |
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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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The 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 micro entity provisions of the Companies Act 2006 and the Financial Reporting Standard For Smaller Entities (effective January 2015). The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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R T Griffin |
Director |
Approved by the board on 20 August 2016
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