ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

GROSVENOR PLACE RESIDENTS (WEYBRIDGE) LIMITED - Company Information

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Caseware UK (AP4) 2018.0.111 2018.0.111 2018-09-302018-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalsetrueNo description of principal activity2017-10-01 02751208 2017-10-01 2018-09-30 02751208 2018-09-30 02751208 2016-10-01 2017-09-30 02751208 2017-09-30 02751208 c:Director1 2017-10-01 2018-09-30 02751208 d:CurrentFinancialInstruments 2018-09-30 02751208 d:CurrentFinancialInstruments 2017-09-30 02751208 d:CurrentFinancialInstruments d:WithinOneYear 2018-09-30 02751208 d:CurrentFinancialInstruments d:WithinOneYear 2017-09-30 02751208 d:ShareCapital 2018-09-30 02751208 d:ShareCapital 2017-09-30 02751208 d:RetainedEarningsAccumulatedLosses 2018-09-30 02751208 d:RetainedEarningsAccumulatedLosses 2017-09-30 02751208 c:FRS102 2017-10-01 2018-09-30 02751208 c:AuditExempt-NoAccountantsReport 2017-10-01 2018-09-30 02751208 c:FullAccounts 2017-10-01 2018-09-30 02751208 c:PrivateLimitedCompanyLtd 2017-10-01 2018-09-30 iso4217:GBP xbrli:pure
Company registration number: 02751208







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2018


GROSVENOR PLACE RESIDENTS (WEYBRIDGE) LIMITED






































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GROSVENOR PLACE RESIDENTS (WEYBRIDGE) LIMITED
REGISTERED NUMBER:02751208



BALANCE SHEET
AS AT 30 SEPTEMBER 2018

2018
2017
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,316
1,281

Cash at bank and in hand
  
18,550
14,337

  
19,866
15,618

Creditors: amounts falling due within one year
 5 
(1,782)
(1,785)

Net current assets
  
 
 
18,084
 
 
13,833

Total assets less current liabilities
  
18,084
13,833

  

Net assets
  
18,084
13,833


Capital and reserves
  

Called up share capital 
  
800
800

Profit and loss account
  
17,284
13,033

  
18,084
13,833


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 June 2019.




Mr J A Stevens
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 


GROSVENOR PLACE RESIDENTS (WEYBRIDGE) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018

1.


General information

These financial statements have been prepared in compliance with FRS102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
Grosvenor Place Residents (Weybridge) Limited is a private company, limited by shares and registered in England and Wales. The company's registered number is 02751208 and the registered office is situated at Midas House, 62 Goldsworth Road, Woking, Surrey, GU21 6LQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have a resonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

 
2.3

Revenue

The turnover in the income and expenditure account represents amounts receivable from residents as contributions towards the costs involved in the management of the common areas of Grosvenor Place, Weybridge.

 
2.4

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2017 - 5).


4.


Debtors

Page 2
 


GROSVENOR PLACE RESIDENTS (WEYBRIDGE) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018
2018
2017
£
£


Trade debtors
500
500

Prepayments and accrued income
816
781

1,316
1,281



5.


Creditors: Amounts falling due within one year

2018
2017
£
£

Accruals and deferred income
1,782
1,785

1,782
1,785


 
Page 3