Ground Rent Consultants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06122798 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

GROUND RENT CONSULTANTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

C Avery

SECRETARY:

C Avery

REGISTERED OFFICE:

9 Station Road

Knowle

SOLIHULL

B93 0HL

REGISTERED NUMBER:

06122798 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Payton House

Guild Street

Stratford-upon-Avon

Warwickshire

CV37 6RP

FIXED ASSETS

Intangible assets

3

-

121

Tangible assets

4

-

-

-

121

CURRENT ASSETS

Cash at bank and in hand

201,093

166,180

CREDITORS

Amounts falling due within one year

5

7,091

1,007

NET CURRENT ASSETS

194,002

165,173

TOTAL ASSETS LESS CURRENT LIABILITIES

194,002

165,294

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

194,001

165,293

194,002

165,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 17 September 2019 and were signed by:

C Avery - Director

1.	STATUTORY INFORMATION

Ground Rent Consultants Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Website domain name is being amortised over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

Straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2018

and 31 March 2019

1,452

AMORTISATION

At 1 April 2018

1,331

Charge for year

121

At 31 March 2019

1,452

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

121

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

2,440

DEPRECIATION

At 1 April 2018

and 31 March 2019

2,440

NET BOOK VALUE

At 31 March 2019

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

6,048

-

Other creditors

1,043

1,007

7,091

1,007

6.	RELATED PARTY DISCLOSURES

At the year end the company owed the director, Mr C Avery, £227 (2018 - £227). The loan is unsecured and

repayable on demand.

The company was under the control of Mr C Avery throughout the period. Mr C Avery is the managing director

and sole shareholder. No transactions with related parties were undertaken such as are required to be disclosed

under Financial Reporting Standard 8.