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Registration number: 00575997

Grealy & Delargy Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2015
 

Thomas Alexander & Co Ltd
590 Green Lanes
Palmers Green
London
N13 5RY

 

Grealy & Delargy Ltd
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Grealy & Delargy Ltd
for the Year Ended 30 November 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Grealy & Delargy Ltd for the year ended 30 November 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Grealy & Delargy Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Grealy & Delargy Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grealy & Delargy Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Grealy & Delargy Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Grealy & Delargy Ltd. You consider that Grealy & Delargy Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Grealy & Delargy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Thomas Alexander & Co Ltd
590 Green Lanes
Palmers Green
London
N13 5RY

15 August 2016

 

Grealy & Delargy Ltd
(Registration number: 00575997)
Abbreviated Balance Sheet at 30 November 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Investments

 

   

13,277

   

13,277

 

Current assets

 

             

Debtors

 

   

16,390

   

16,390

 

Cash at bank and in hand

 

   

1,761

   

31,198

 
   

   

18,151

   

47,588

 

Creditors: Amounts falling due within one year

 

   

(2,336)

   

(1,470)

 

Net current assets

 

   

15,815

   

46,118

 

Net assets

 

   

29,092

   

59,395

 

Capital and reserves

 

             

Called up share capital

 

3

   

16,000

   

16,000

 

Profit and loss account

 

   

13,092

   

43,395

 

Shareholders' funds

 

   

29,092

   

59,395

 

For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 15 August 2016

.........................................
N Delargy
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

 

Grealy & Delargy Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Fixed assets

   

Investments
£

   

Total
£

 

Cost

           

At 1 December 2014

 

13,277

   

13,277

 

At 30 November 2015

 

13,277

   

13,277

 

Depreciation

           

At 30 November 2015

 

-

   

-

 

Net book value

           

At 30 November 2015

 

13,277

   

13,277

 

At 30 November 2014

 

13,277

   

13,277

 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

16,000

   

16,000

   

16,000

   

16,000

 
                         

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