Company Registration No. 09559713 (England and Wales)
Grove Properties Investments Limited
Unaudited accounts
for the year ended 30 April 2022
Grove Properties Investments Limited
Unaudited accounts
Contents
Grove Properties Investments Limited
Company Information
for the year ended 30 April 2022
Company Number
09559713 (England and Wales)
Registered Office
Grove Hall
11 Hay lane, Kingsbury
London
NW9 0NH
England
Accountants
Ronald Yep & Co Limited
Congress House
14 Lyon road
Harrow
Middlesex
HA1 2EN
Grove Properties Investments Limited
Statement of financial position
as at 30 April 2022
Investment property
620,000
620,000
Cash at bank and in hand
837,261
845,127
Creditors: amounts falling due within one year
(3,080)
(17,643)
Net current assets
834,681
827,484
Total assets less current liabilities
1,455,272
1,448,193
Creditors: amounts falling due after more than one year
(988,595)
(988,136)
Provisions for liabilities
Deferred tax
(54,208)
(24,520)
Net assets
412,469
435,537
Called up share capital
4
4
Profit and loss account
412,465
435,533
Shareholders' funds
412,469
435,537
For the year ending 30 April 2022 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 July 2022 and were signed on its behalf by
G Moran
Director
Company Registration No. 09559713
Grove Properties Investments Limited
Notes to the Accounts
for the year ended 30 April 2022
Grove Properties Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 09559713. The registered office is Grove Hall, 11 Hay lane, Kingsbury, London, NW9 0NH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Grove Properties Investments Limited
Notes to the Accounts
for the year ended 30 April 2022
4
Tangible fixed assets
Plant & machinery
Fair value at 1 May 2021
620,000
The directors have valued the property at the year end based on the recent sales of similar properties on the same street.
6
Investments
Other investments
Valuation at 1 May 2021
240
Valuation at 30 April 2022
240
7
Debtors: amounts falling due within one year
2022
2021
Accrued income and prepayments
500
-
8
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
1,580
16,123
9
Creditors: amounts falling due after more than one year
2022
2021
Loans from directors
988,595
988,136
Grove Properties Investments Limited
Notes to the Accounts
for the year ended 30 April 2022
10
Average number of employees
During the year the average number of employees was 2 (2021: 2).