Ground Rent Investments (UK) Limited - Accounts to registrar (filleted) - small 18.2
Ground Rent Investments (UK) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 31 DECEMBER 2018 TO 31 DECEMBER 2019 |
| FOR |
| GROUND RENT INVESTMENTS (UK) LIMITED |
| GROUND RENT INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 05293173) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 31 DECEMBER 2018 TO 31 DECEMBER 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 7 |
| GROUND RENT INVESTMENTS (UK) LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 31 DECEMBER 2018 TO 31 DECEMBER 2019 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Russell House |
| 140 High Street |
| Edgware |
| Middlesex |
| HA8 7LW |
| GROUND RENT INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 05293173) |
| BALANCE SHEET |
| 31 DECEMBER 2019 |
| 2019 | 2018 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Fair value reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| GROUND RENT INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 05293173) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 31 DECEMBER 2018 TO 31 DECEMBER 2019 |
| 1. | STATUTORY INFORMATION |
| Ground Rent Investments (UK) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents invoiced ground rents on investment properties and insurance commissions received. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Taxation |
| Taxation for the period 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 period 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. |
| Cash and cash equivalent |
| Cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less. |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| GROUND RENT INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 05293173) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 31 DECEMBER 2018 TO 31 DECEMBER 2019 |
| 4. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 31 December 2018 |
| and 31 December 2019 |
| NET BOOK VALUE |
| At 31 December 2019 |
| At 30 December 2018 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 31 December 2018 |
| and 31 December 2019 |
| NET BOOK VALUE |
| At 31 December 2019 |
| At 30 December 2018 |
| Fair value at 31 December 2019 is represented by: |
| £ |
| Valuation in 2018 | 235,755 |
| If Investment property had not been revalued it would have been included at the following historical cost: |
| 2019 | 2018 |
| £ | £ |
| Cost | 206,582 | 206,582 |
| Investment property was valued on an open market value basis on 31 December 2014 by the director . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| GROUND RENT INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 05293173) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 31 DECEMBER 2018 TO 31 DECEMBER 2019 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 9. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 31 December 2018 | 148,231 |
| Profit for the period |
| At 31 December 2019 | 171,811 |
| 10. | RELATED PARTY DISCLOSURES |
| Moreland Estate Property Management Limited |
| A company under common control |
| 2019 | 2018 |
| £ | £ |
| Amount due from related party at the balance sheet date | - | 61,856 |
| MW Freeholds Limited |
| A company under common control |
| The amount is repayable on demand. |
| 2019 | 2018 |
| £ | £ |
| Amount due to related party at the balance sheet date | - | 4,418 |
| Residential Freeholds Limited |
| A company under common control |
| 2019 | 2018 |
| £ | £ |
| Amount due to related party at the balance sheet date | - | 144,864 |
| Ground Rent Trading Liverpool |
| A company under common control |
| 2019 | 2018 |
| £ | £ |
| Amount due to related party at the balance sheet date | - | 36,000 |
| GROUND RENT INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 05293173) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 31 DECEMBER 2018 TO 31 DECEMBER 2019 |
| 10. | RELATED PARTY DISCLOSURES - continued |
| Lighthouse Building Management Limited |
| A company under the control |
| 2019 | 2018 |
| £ | £ |
| Amount due to related party at the balance sheet date | - | 3,807 |
| MP Group Services Limited |
| A company under the control |
| 2019 | 2018 |
| £ | £ |
| Amount due to related party at the balance sheet date | 85,651 | - |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Reelstone Property Holdings Ltd. |
| CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| GROUND RENT INVESTMENTS (UK) LIMITED |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ground Rent Investments (UK) Limited for the period ended 31 December 2019 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Ground Rent Investments (UK) Limited in accordance with the terms of our engagement letter dated 26 July 2006. Our work has been undertaken solely to prepare for your approval the financial statements of Ground Rent Investments (UK) Limited and state those matters that we have agreed to state to the director of Ground Rent Investments (UK) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ground Rent Investments (UK) Limited and its director for our work or for this report. |
| It is your duty to ensure that Ground Rent Investments (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ground Rent Investments (UK) Limited. You consider that Ground Rent Investments (UK) Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of Ground Rent Investments (UK) Limited. 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 financial statements. |
| Chartered Accountants |
| Russell House |
| 140 High Street |
| Edgware |
| Middlesex |
| HA8 7LW |