Grosvenor Murcott Limited - Accounts to registrar (filleted) - small 18.2

GROSVENOR MURCOTT LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A F Murcott

D V Murcott

P W Murcott

SECRETARY:

P J Murcott

REGISTERED OFFICE:

88 Hill Village Road

Four Oaks

Sutton Coldfield

West Midlands

B75 5BE

REGISTERED NUMBER:

00510616 (England and Wales)

ACCOUNTANTS:

Haslehursts Limited

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

FIXED ASSETS

Tangible assets

5

-

1,195,200

CURRENT ASSETS

Debtors

6

33,634

21,000

Cash at bank

2,455,921

27,530

2,489,555

48,530

CREDITORS

Amounts falling due within one year

7

(429,122

)

(33,277

)

NET CURRENT ASSETS

2,060,433

15,253

TOTAL ASSETS LESS CURRENT LIABILITIES

2,060,433

1,210,453

PROVISIONS FOR LIABILITIES

-

(123,870

)

NET ASSETS

2,060,433

1,086,583

CAPITAL AND RESERVES

Called up share capital

8

35,000

35,000

Revaluation reserve

9

-

319,475

Retained earnings

2,025,433

732,108

SHAREHOLDERS' FUNDS

2,060,433

1,086,583

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 December 2019 and were signed on its behalf by:

D V Murcott - Director

1.	STATUTORY INFORMATION

Grosvenor Murcott 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Freehold property

-

2% cost on buildings only

Taxation

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

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 3 ).

5.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2018

1,894,288

Disposals

(1,894,288

)

At 31 March 2019

-

DEPRECIATION

At 1 April 2018

699,088

Eliminated on disposal

(699,088

)

At 31 March 2019

-

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

1,195,200

Land with a value of £420,000, which is included in the land and buildings figure above, is not

depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

12,871

21,000

Other debtors

20,763

-

33,634

21,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

423,308

26,886

Other creditors

5,814

6,391

429,122

33,277

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

35,000

Ordinary

£1

35,000

35,000

9.

RESERVES

Revaluation

reserve

£

At 1 April 2018

319,475

Movmt of revaluation reserve

(319,475

)

At 31 March 2019

-

10.	ULTIMATE CONTROLLING PARTY

Borman Murcott Limited, incorporated in England and Wales, is regarded by the directors as being the

company's ultimate parent company.