Grantville Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03332625 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2020

FOR

GRANTVILLE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D T Y Leung

W C D Leung

T K Leung

SECRETARY:

W C D Leung

REGISTERED OFFICE:

4 Prince Albert Road

London

NW1 7SN

REGISTERED NUMBER:

03332625 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Property, plant and equipment

4

3,779

3,626

Investment property

5

5,600,000

5,600,000

5,603,779

5,603,626

CURRENT ASSETS

Cash at bank

563,466

436,987

CREDITORS

Amounts falling due within one year

6

(46,044

)

(24,390

)

NET CURRENT ASSETS

517,422

412,597

TOTAL ASSETS LESS CURRENT LIABILITIES

6,121,201

6,016,223

PROVISIONS FOR LIABILITIES

7

(786,926

)

(786,926

)

NET ASSETS

5,334,275

5,229,297

CAPITAL AND RESERVES

Called up share capital

8

3,000

3,000

Undistributable reserve

9

4,560,599

4,560,599

Retained earnings

770,676

665,698

SHAREHOLDERS' FUNDS

5,334,275

5,229,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 and authorised for issue on 26 October 2020 and were signed on its behalf by:

D T Y Leung - Director

W C D Leung - Director

1.	STATUTORY INFORMATION

Grantville Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rent received.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in other comprehensive income.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2019

182,115

12,502

194,617

Additions

-

1,413

1,413

At 30 April 2020

182,115

13,915

196,030

DEPRECIATION

At 1 May 2019

181,560

9,431

190,991

Charge for year

139

1,121

1,260

At 30 April 2020

181,699

10,552

192,251

NET BOOK VALUE

At 30 April 2020

416

3,363

3,779

At 30 April 2019

555

3,071

3,626

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2019

and 30 April 2020

5,600,000

NET BOOK VALUE

At 30 April 2020

5,600,000

At 30 April 2019

5,600,000

The directors consider the value of the property to be £5,600,000 as at 30 April 2020.

Fair value at 30 April 2020 is represented by:

£

Valuation in 2010

3,847,525

Valuation in 2017

1,500,000

Cost

252,475

5,600,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Taxation and social security

26,530

22,590

Other creditors

19,514

1,800

46,044

24,390

7.	PROVISIONS FOR LIABILITIES

30.4.20

30.4.19

£

£

Deferred tax

786,926

786,926

Deferred

tax

£

Balance at 1 May 2019

786,926

Balance at 30 April 2020

786,926

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.20

30.4.19

value:

£

£

3,000

Ordinary

£1

3,000

3,000

9.

RESERVES

Undistributable

reserve

£

At 1 May 2019

and 30 April 2020

4,560,599

10.	ULTIMATE CONTROLLING PARTY

The immediate parent company is City Centre Investments Holding Limited a company incorporated in

Gurnsey. The registered office address is P.O. Box 25, Regency Court, Glategny Esplanade, St. Peter Port, GY1

3AP, Guernsey.