Grosvenor House Practice Limited - Accounts

Grosvenor House Practice Limited - Accounts

GROSVENOR HOUSE PRACTICE LIMITED - Company Information

Print Friendly Version

2017-07-01 2018-06-30 false No description of principal activity Capium Accounts Production 1.1 04624620 bus:AbridgedAccounts 2017-07-01 2018-06-30 04624620 bus:FRS102 2017-07-01 2018-06-30 04624620 bus:AuditExemptWithAccountantsReport 2017-07-01 2018-06-30 04624620 bus:SmallCompaniesRegimeForAccounts 2017-07-01 2018-06-30 04624620 bus:PrivateLimitedCompanyLtd 2017-07-01 2018-06-30 04624620 2017-07-01 2018-06-30 04624620 2018-06-30 04624620 bus:RegisteredOffice 2017-07-01 2018-06-30 04624620 core:WithinOneYear 2018-06-30 04624620 core:AfterOneYear 2018-06-30 04624620 bus:Director1 2017-07-01 2018-06-30 04624620 bus:Director1 2018-06-30 04624620 bus:Director1 2016-07-01 2017-06-30 04624620 bus:Director2 2017-07-01 2018-06-30 04624620 bus:Director2 2018-06-30 04624620 bus:Director2 2016-07-01 2017-06-30 04624620 2016-07-01 04624620 bus:CompanySecretary1 2017-07-01 2018-06-30 04624620 bus:LeadAgentIfApplicable 2017-07-01 2018-06-30 04624620 2016-07-01 2017-06-30 04624620 2017-06-30 04624620 core:WithinOneYear 2017-06-30 04624620 core:AfterOneYear 2017-06-30 04624620 bus:EntityAccountantsOrAuditors 2016-07-01 2017-06-30 04624620 bus:OrdinaryShareClass1 2017-07-01 2018-06-30 04624620 bus:OrdinaryShareClass1 2018-06-30 04624620 bus:OrdinaryShareClass1 2016-07-01 2017-06-30 04624620 bus:OrdinaryShareClass1 2017-06-30 04624620 core:FurnitureFittings 2017-07-01 2018-06-30 04624620 core:FurnitureFittings 2018-06-30 04624620 core:FurnitureFittings 2017-06-30 04624620 core:ComputerEquipment 2017-07-01 2018-06-30 04624620 core:ComputerEquipment 2018-06-30 04624620 core:ComputerEquipment 2017-06-30 04624620 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2018-06-30 04624620 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2017-06-30 04624620 core:NetGoodwill 2017-07-01 2018-06-30 04624620 core:NetGoodwill 2018-06-30 04624620 core:NetGoodwill 2017-06-30 04624620 core:CostValuation core:Non-currentFinancialInstruments 2018-06-30 04624620 core:CostValuation core:Non-currentFinancialInstruments 2017-06-30 04624620 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2018-06-30 04624620 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2018-06-30 04624620 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2018-06-30 04624620 core:Non-currentFinancialInstruments 2018-06-30 04624620 core:Non-currentFinancialInstruments 2017-06-30 04624620 core:ShareCapital 2018-06-30 04624620 core:ShareCapital 2017-06-30 04624620 core:RetainedEarningsAccumulatedLosses 2018-06-30 04624620 core:RetainedEarningsAccumulatedLosses 2017-06-30 04624620 dpl:Item1 2017-07-01 04624620 dpl:Item1 2018-06-30 04624620 dpl:Item1 2016-07-01 04624620 dpl:Item1 2017-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number : 04624620
England and Wales

 

 

 


Abridged Accounts

for the year ended 30 June 2018

for

GROSVENOR HOUSE PRACTICE LIMITED

Grosvenor House Practice Limited
Contents Page
For the year ended 30 June 2018
 
 		 Notes
 		 2018
£		   2017
£
Fixed assets      
Intangible fixed assets 2 75,000    75,000 
Tangible fixed assets 3 24,015    27,411 
99,015    102,411 
Current assets      
Stocks 112,500    112,500 
Debtors 156,397    134,753 
Cash at bank and in hand 166    560 
269,063    247,813 
Creditors: amount falling due within one year (298,481)   (257,048)
Net current assets (29,418)   (9,235)
 
Total assets less current liabilities 69,597    93,176 
Creditors: amount falling due after more than one year (67,483)   (89,506)
Net assets 2,114    3,670 
 

Capital and reserves 		     
Called up share capital 4 100    100 
Profit and loss account 2,014    3,570 
Shareholders funds 2,114    3,670 
 


For the year ended 30 June 2018 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. 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
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 .The profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
Signed on behalf of the board of directors


--------------------------------
Timothy Brown
Director

Date approved by the board: 07 March 2019
1
1.

Accounting Policies

Significant accounting policies
(a) Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

(b) Basis of preparation and general information

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies set out below.
Grosvenor House Practice Limited is a private company, limited by shares, registered in England and Wales, registration number 04624620, registration address Grosvenor House , Avening, Priory Park , London Road , GL8 8HZ.

.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
Fixtures and Fittings 10% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 July 2017 418,192    418,192 
Additions -    - 
Disposals -    - 
At 30 June 2018 418,192    418,192 
Amortisation
At 01 July 2017 343,192    343,192 
Charge for year -    - 
On disposals -    - 
At 30 June 2018 343,192    343,192 
Net book values
At 30 June 2018 75,000    75,000 
At 30 June 2017 75,000    75,000 


3.

Tangible fixed assets

Cost Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 July 2017 14,086    80,997    95,083 
Additions -    2,038    2,038 
Disposals -    -    - 
At 30 June 2018 14,086    83,035    97,121 
Depreciation
At 01 July 2017 9,486    58,186    67,672 
Charge for year 464    4,970    5,434 
On disposals -    -    - 
At 30 June 2018 9,950    63,156    73,106 
Net book values
Closing balance as at 30 June 2018 4,136    19,879    24,015 
Opening balance as at 01 July 2017 4,600    22,811    27,411 


4.

Share Capital

Allotted
2018
£		   2017
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

2