Registered number
03598123
George Christou Properties Limited
Abbreviated Accounts for the year ended
31 July 2014
George Christou Properties Limited
Registered number: 03598123
Abbreviated Balance Sheet
as at 31 July 2014
Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 37,604 50,137
Tangible assets 3 48,101 51,448
85,705 101,585
Current assets
Stocks 1,644 3,868
Debtors 4 42,595 36,154
Cash at bank and in hand 22,125 39,563
66,364 79,585
Creditors: amounts falling due within one year (64,420) (167,506)
Net current assets/(liabilities) 1,944 (87,921)
Total assets less current liabilities 87,649 13,664
Creditors: amounts falling due after more than one year (75,000) -
Net assets 12,649 13,664
Capital and reserves
Called up share capital 5 2 2
Profit and loss account 12,647 13,662
Shareholders' funds 12,649 13,664
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.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
G Christou
Director
Approved by the board on 20 April 2015
George Christou Properties Limited
Notes to the Abbreviated Accounts
for the year ended 31 July 2014
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 15% reducing balance
Land and buildings 8 years - term of lease
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Intangible fixed assets £
Cost
At 1 August 2013 188,000
At 31 July 2014 188,000
Amortisation
At 1 August 2013 137,863
Provided during the year 12,533
At 31 July 2014 150,396
Net book value
At 31 July 2014 37,604
At 31 July 2013 50,137
3 Tangible fixed assets £
Cost
At 1 August 2013 90,866
Additions 5,407
At 31 July 2014 96,273
Depreciation
At 1 August 2013 39,418
Charge for the year 8,754
At 31 July 2014 48,172
Net book value
At 31 July 2014 48,101
At 31 July 2013 51,448
4 Debtors 2014 2013
£ £
Debtors include:
Amounts due after more than one year 5,775 5,775
5 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
George Christou Properties Limited 03598123 false true 2013-08-01 2014-07-31 2014-07-31 G Christou 03598123 uk-bus:OrdinaryShareClass1 2013-07-31 03598123 2013-08-01 2014-07-31 03598123 uk-bus:Director40 2013-08-01 2014-07-31 03598123 uk-gaap:PlantMachinery 2013-08-01 2014-07-31 03598123 uk-gaap:MotorVehicles 2013-08-01 2014-07-31 03598123 uk-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 03598123 2014-07-31 03598123 uk-bus:OrdinaryShareClass1 2014-07-31 03598123 2013-07-31 iso4217:GBP xbrli:shares

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