GROVEWHITE LTD

GROVEWHITE LTD

GROVEWHITE LTD - Company Information

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GROVEWHITE LTD

Company Registration Number:
08627450 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

GROVEWHITE LTD

Contents of the Financial Statements

for the Period Ended 31 March 2020

Balance sheet
Notes

GROVEWHITE LTD

Balance sheet

As at 31 March 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 2,658,891 2,658,891
Total fixed assets: 2,658,891 2,658,891
Current assets
Debtors:   73,417 67,047
Cash at bank and in hand: 48,672 62,967
Total current assets: 122,089 130,014
Creditors: amounts falling due within one year: 4 (557,145) (630,492)
Net current assets (liabilities): (435,056) (500,478)
Total assets less current liabilities: 2,223,835 2,158,413
Creditors: amounts falling due after more than one year: 5 (1,200,000) (1,200,000)
Total net assets (liabilities): 1,023,835 958,413
Capital and reserves
Called up share capital: 924,352 924,352
Profit and loss account: 99,483 34,061
Shareholders funds: 1,023,835 958,413

The notes form part of these financial statements

GROVEWHITE LTD

Balance sheet statements

For the year ending 31 March 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 February 2021
and signed on behalf of the board by:

Name: C Goldman
Status: Director

The notes form part of these financial statements

GROVEWHITE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tangible fixed assets and depreciation policy

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Other accounting policies

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

GROVEWHITE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2020

2. Employees

2020 2019
Average number of employees during the period 2 2

GROVEWHITE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Tangible Assets

Total
Cost £
At 01 April 2019 2,658,891
At 31 March 2020 2,658,891
Depreciation
At 01 April 2019 0
At 31 March 2020 0
Net book value
At 31 March 2020 2,658,891
At 31 March 2019 2,658,891

GROVEWHITE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Creditors: amounts falling due within one year note

Trade creditors £9,377Taxation £15,346Other creditors £532,422

GROVEWHITE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2020

5. Creditors: amounts falling due after more than one year note

Bank loans are secured