91B Grosvenor Freehold Ltd - Period Ending 2019-01-31
91B Grosvenor Freehold Ltd - Period Ending 2019-01-31
Registration number:
91B Grosvenor Freehold Ltd
for the Year Ended 31 January 2019
Chartered Accountants
166 College Road
Harrow
Middlesex
HA1 1BH
91B Grosvenor Freehold Ltd
Contents
|
Company Information |
|
|
Accountants' Report |
|
|
Balance Sheet |
|
|
Notes to the Financial Statements |
91B Grosvenor Freehold Ltd
Company Information
|
Directors |
Dr Ravindra Kumar Mr David Powell |
|
Registered office |
|
|
Accountants |
|
|
Page 1 |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
91B Grosvenor Freehold Ltd
for the Year Ended 31 January 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 91B Grosvenor Freehold Ltd for the year ended 31 January 2019 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of 91B Grosvenor Freehold Ltd, as a body, in accordance with the terms of our engagement letter dated 16 October 2014. Our work has been undertaken solely to prepare for your approval the accounts of 91B Grosvenor Freehold Ltd and state those matters that we have agreed to state to the Board of Directors of 91B Grosvenor Freehold Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 91B Grosvenor Freehold Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 91B Grosvenor Freehold Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of 91B Grosvenor Freehold Ltd. You consider that 91B Grosvenor Freehold Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of 91B Grosvenor Freehold Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Chartered Accountants
Harrow
Middlesex
HA1 1BH
|
Page 2 |
91B Grosvenor Freehold Ltd
(Registration number: 07504778)
Balance Sheet as at 31 January 2019
|
Note |
2019 |
2018 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net liabilities |
( |
( |
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Profit and loss account |
( |
( |
|
|
Total equity |
( |
( |
For the financial year ending 31 January 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
|
• |
|
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Dr Ravindra Kumar
Director
.........................................
Mr David Powell
Director
|
Page 3 |
91B Grosvenor Freehold Ltd
Notes to the Financial Statements for the Year Ended 31 January 2019
|
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
|
Page 4 |
91B Grosvenor Freehold Ltd
Notes to the Financial Statements for the Year Ended 31 January 2019
|
Tangible assets |
|
Land and buildings |
Total |
|
|
Cost or valuation |
||
|
At 1 February 2018 |
|
|
|
At 31 January 2019 |
|
|
|
Depreciation |
||
|
Carrying amount |
||
|
At 31 January 2019 |
|
|
|
At 31 January 2018 |
|
|
Included within the net book value of land and buildings above is £3 (2018 - £3) in respect of freehold land and buildings.
|
Creditors |
Creditors: amounts falling due within one year
|
2019 |
2018 |
|
|
Due within one year |
||
|
Other creditors |
|
|
|
Share capital |
Allotted, called up and fully paid shares
|
2019 |
2018 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
3 |
|
3 |
|
Page 5 |
91B Grosvenor Freehold Ltd
Notes to the Financial Statements for the Year Ended 31 January 2019
|
Related party transactions |
During the year the company made the following related party transactions:
Directors
At the balance sheet date, the amount due to the directors was £4,261 ( 2018 - £4,081).
Shareholder
At the balance sheet date, the amount due to the shareholder was £630 (2018 - £360).
|
Page 6 |