Registered number
03598123
George Christou Properties Limited
Abbreviated Accounts for the year ended
31 July 2015
George Christou Properties Limited
Registered number: 03598123
Abbreviated Balance Sheet
as at 31 July 2015
Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 - 37,604
Tangible assets 3 38,947 48,101
38,947 85,705
Current assets
Stocks 1,871 1,644
Debtors 4 200,381 42,595
Cash at bank and in hand 59,006 22,125
261,258 66,364
Creditors: amounts falling due within one year (90,065) (64,420)
Net current assets 171,193 1,944
Total assets less current liabilities 210,140 87,649
Creditors: amounts falling due after more than one year (75,000) (75,000)
Net assets 135,140 12,649
Capital and reserves
Called up share capital 5 2 2
Profit and loss account 135,138 12,647
Shareholders' funds 135,140 12,649
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 29 April 2016
George Christou Properties Limited
Notes to the Abbreviated Accounts
for the year ended 31 July 2015
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 2014 188,000
Disposals (188,000)
At 31 July 2015 -
Amortisation
At 1 August 2014 150,396
On disposals (150,396)
At 31 July 2015 -
Net book value
At 31 July 2015 -
At 31 July 2014 37,604
3 Tangible fixed assets £
Cost
At 1 August 2014 96,273
Additions 3,783
Disposals (14,796)
At 31 July 2015 85,260
Depreciation
At 1 August 2014 48,172
Charge for the year 8,209
Surplus on revaluation (10,068)
At 31 July 2015 46,313
Net book value
At 31 July 2015 38,947
At 31 July 2014 48,101
4 Debtors 2015 2014
£ £
Debtors include:
Amounts due after more than one year 5,775 5,775
5 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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