GROVENEY PROPERTIES LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05454073 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MAY 2020

FOR

GROVENEY PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Valeria Biondi

SECRETARY:

Centrum Secretaries Limited

REGISTERED OFFICE:

Elscot House

Arcadia Avenue

London

N3 2JU

REGISTERED NUMBER:

05454073 (England and Wales)

ACCOUNTANTS:

Centrum Chartered Accountants

Elscot House

Arcadia Avenue

London

N3 2JU

FIXED ASSETS

Investment property

4

135,406

135,406

CURRENT ASSETS

Debtors

5

-

1,620

Investments

6

129,926

129,926

Cash in hand

100

100

130,026

131,646

CREDITORS

Amounts falling due within one year

7

(297,540

)

(297,060

)

NET CURRENT LIABILITIES

(167,514

)

(165,414

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(32,108

)

(30,008

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(32,208

)

(30,108

)

SHAREHOLDERS' FUNDS

(32,108

)

(30,008

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 15th February 2021 and were signed by:

Valeria Biondi - Director

1.	STATUTORY INFORMATION

GROVENEY PROPERTIES 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.	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.

These accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the company's beneficial owners. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets, and to provide for any further liabilities that may arise.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st June 2019

and 31st May 2020

135,406

NET BOOK VALUE

At 31st May 2020

135,406

At 31st May 2019

135,406

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

-

1,620

6.	CURRENT ASSET INVESTMENTS

2020

2019

£

£

Investments at Costs

129,926

129,926

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other creditors

297,540

297,060