Registered number
03598123
George Christou Properties Limited
Abbreviated Accounts for the year ended
30 July 2016
George Christou Properties Limited
Registered number: 03598123
Abbreviated Balance Sheet
as at 30 July 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 - 38,947
Current assets
Stocks - 1,871
Debtors 3 52,950 200,381
Cash at bank and in hand 309,641 59,006
362,591 261,258
Creditors: amounts falling due within one year (267,677) (90,065)
Net current assets 94,914 171,193
Total assets less current liabilities 94,914 210,140
Creditors: amounts falling due after more than one year - (75,000)
Net assets 94,914 135,140
Capital and reserves
Called up share capital 4 2 2
Profit and loss account 94,912 135,138
Shareholders' funds 94,914 135,140
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 11 July 2017
George Christou Properties Limited
Notes to the Abbreviated Accounts
for the period ended 30 July 2016
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 Tangible fixed assets £
Cost
At 1 August 2015 85,260
Disposals (85,260)
At 30 July 2016 -
Depreciation
At 1 August 2015 46,313
Charge for the period 4,381
On disposals (50,694)
At 30 July 2016 -
Net book value
At 30 July 2016 -
At 31 July 2015 38,947
3 Debtors 2016 2015
£ £
Debtors include:
Amounts due after more than one year - 5,775
4 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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