Grove Property London Ltd,Ltd - AccountsLtd - Accounts

Grove Property London Ltd,Ltd - AccountsLtd - Accounts

GROVE PROPERTY LONDON LTD - Company Information

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2019-11-01 12002765 2020-05-31 12002765 2019-11-01 2020-05-31 12002765 uk-bus:RegisteredOffice 2019-11-01 2020-05-31 12002765 uk-bus:Director1 2019-11-01 2020-05-31 12002765 uk-bus:Director1 2020-05-31 12002765 uk-core:WithinOneYear 2020-05-31 12002765 uk-core:AfterOneYear 2020-05-31 12002765 uk-core:ShareCapital 2020-05-31 12002765 uk-core:RetainedEarningsAccumulatedLosses 2020-05-31 12002765 uk-core:FurnitureFittingsToolsEquipment 2019-11-01 2020-05-31 12002765 uk-core:AdditionsToInvestments 2020-05-31 12002765 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2020-05-31 12002765 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2020-05-31 12002765 uk-core:CostValuation 2020-05-31 12002765 uk-core:Non-currentFinancialInstruments 2020-05-31 12002765 uk-core:WithinOneYear uk-core:Secured 2020-05-31 iso4217:GBP xbrli:pure 12002765 uk-bus:AuditExemptWithAccountantsReport 2019-11-01 2020-05-31 12002765 uk-bus:FRS102 2019-11-01 2020-05-31 12002765 uk-bus:FullAccounts 2019-11-01 2020-05-31 12002765 uk-bus:PrivateLimitedCompanyLtd 2019-11-01 2020-05-31
Grove Property London Ltd
Registered Number:12002765
For the period ended 31 May 2020
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the period ended 31 May 2020
Grove Property London Ltd
Contents Page
Company Information
1
2
Director's Report
3
Independent Accountants' Report
4
Income Statement
5
Statement of Financial Position
6 to 7
Notes to the Financial Statements
3
For the period ended 31 May 2020
Grove Property London Ltd
Company Information
Jaskaran Singh Dhesi
Director
12002765
Registered Number
14 Elm Grove
Registered Office
Hornchurch
Essex
RM11 3UA
Mr P K R Chowdhury M Com FFA FIPA FAIA
Accountants
Chowdhury and Co
Financial Accountants
41 Highwood Gardens
Ilford
Greater London
IG5 0AZ
Barclays Bank Plc
Bankers
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4
For the period ended 31 May 2020
Grove Property London Ltd
Director's Report
The director presents his report and financial statements for the period ended 31 May 2020.
Principal activities
The principal activity of the company continued to be that of investment in properties.
Director
The director who served the company throughout the period was as follows:
Jaskaran Singh Dhesi
Jaskaran Singh Dhesi
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
24 February 2021
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5
For the period ended 31 May 2020
Grove Property London Ltd
Independent Accountants' Report
As described on the Statement of Financial Position you are responsible for the preparation of the financial statements
for the period ended 31 May 2020 and you consider that the company is exempt from an audit under the Companies
Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to
assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations
supplied to us.
Chowdhury and Co
Mr P K R Chowdhury M Com FFA FIPA FAIA
Financial Accountants
41 Highwood Gardens
Ilford
Greater London
IG5 0AZ
Date:
24 February 2021
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6
For the period ended 31 May 2020
Grove Property London Ltd
Income Statement
2020
£
Turnover
8,750
Gross profit
8,750
Administrative expenses
(4,256)
Operating profit
4,494
Interest payable and similar charges
(2,699)
1,795
Profit before taxation
(223)
Taxation
1,572
Profit for the financial period
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7
Registered Number :
12002765
As at 31 May 2020
Grove Property London Ltd
Statement of Financial Position
£
2020
Notes
Fixed assets
Property, plant and equipment
1,223
2
Financial assets
225,117
3
226,340
Current assets
Trade and other receivables
1,200
4
Cash and cash equivalents
28,061
29,261
Trade and other payables: amounts falling due within one
year
(75,452)
5
(46,191)
Net current liabilities
Total assets less current liabilities
180,149
Trade and other payables: amounts falling due after more
than one year
(178,576)
6
1,573
Net assets/liabilities
Capital and reserves
Called up share capital
1
Retained earnings
1,572
1,573
Shareholders' funds
For the period ended 31 May 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 in accordance with the provisions applicable to companies subject to the small companies regime.
Jaskaran Singh Dhesi
These financial statements were approved and authorised for issue by the Board on 24 February 2021 and were signed by:
The notes form part of these financial statements
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8
For the period ended 31 May 2020
Grove Property London Ltd
Notes to the Financial Statements
Statutory Information
Grove Property London Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 12002765.
Registered address:
14 Elm Grove
Hornchurch
Essex
RM11 3UA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ' The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified
by the revaluation of certain assets.
Revenue recognition
Turnover represents rent receivable during the reporting period.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15 Reducing balance
Furniture and Fittings
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.
2. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
1,439
Additions
At 31 May 2020
1,439
Provision for depreciation and impairment
Charge for period
216
At 31 May 2020
216
At 31 May 2020
Net book value
1,223
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9
For the period ended 31 May 2020
Grove Property London Ltd
Notes to the Financial Statements Continued
3. Investments held as fixed assets
Other investments
Total
Cost
£
£
225,117
225,117
Additions
At 31 May 2020
225,117
225,117
At 31 May 2020
Net book value
225,117
225,117
4. Trade and other receivables
2020
£
Trade debtors
1,200
5. Trade and other payables: amounts falling due within one year
2020
£
Bank loans and overdraft (secured)
5,055
Trade creditors
1,475
Taxation and social security
223
Other creditors
68,699
75,452
6. Trade and other payables: amounts falling due after more than one year
2020
£
Bank loans and overdraft (secured)
178,576
-
7. Average number of persons employed
During the year the average number of employees was 0
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