Grove Property London Ltd,Ltd - AccountsLtd - Accounts
Grove Property London Ltd,Ltd - AccountsLtd - Accounts
| Registered Number:12002765 |
For the year ended 31 May 2022
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 31 May 2022
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
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Notes to the Financial Statements
3
For the year ended 31 May 2022
Grove Property London Ltd
Company Information
Jaskaran Singh Dhesi
Director
12002765
| Registered Number |
| Registered Office |
Mr P K R Chowdhury M Com FFA FIPA FAIA
Accountants
Financial Accountants
41 Highwood Gardens
Ilford
Greater London
IG5 0AZ
Bankers
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For the year ended 31 May 2022
Grove Property London Ltd
Director's Report
The director presents his report and financial statements for the year ended 31 May 2022.
| Principal activities |
Director
The director who served the company throughout the year was as follows:
| Jaskaran Singh Dhesi |
Signed on behalf of the board of directors
| Date: |
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For the year ended 31 May 2022
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 year ended 31 May 2022 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: |
10 November 2022
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For the year ended 31 May 2022
Grove Property London Ltd
Income Statement
2021
| £ |
2022
| £ |
| Notes |
| Turnover |
Gross profit
| Administrative expenses |
(7,099 )
(6,726 )
Operating profit
| Interest payable and similar charges |
(12,820 )
(5,650 )
Profit before taxation
(2,834 )
(535 )
| Taxation |
2
Profit for the financial year
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7
| Registered Number : |
| As at |
Grove Property London Ltd
Statement of Financial Position
| £ |
| £ |
2021
2022
| Notes |
| Fixed assets |
| Property, plant and equipment |
3
| Financial assets |
4
| Current assets |
| Trade and other receivables |
5
| Cash and cash equivalents |
| Trade and other payables: amounts falling due within one |
| year |
(117,146 )
(152,635 )
6
(108,888)
(151,064 )
Net current liabilities
| Total assets less current liabilities |
| Trade and other payables: amounts falling due after more |
| than one year |
(330,940 )
(443,882 )
7
Net assets
| Capital and reserves |
| Called up share capital |
| Retained earnings |
Shareholders' funds
| 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. |
| Jaskaran Singh Dhesi |
| These financial statements were approved and authorised for issue by the Board on |
| The notes form part of these financial statements |
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For the year ended 31 May 2022
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
Property, plant and equipment
Furniture and Fittings
Investment property
| 2. Taxation |
2021
| £ |
| The taxation charge is based on the taxable profit for the year and |
| comprises: |
| £ |
2022
| UK taxation |
| UK corporation tax |
2,834
535
| Tax on profit on ordinary activities |
2,834
535
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For the year ended 31 May 2022
Grove Property London Ltd
Notes to the Financial Statements Continued
| 3. Property, plant and equipment |
| Furniture and |
| Fittings |
| £ |
| Cost or |
| valuation |
| At 01 June 2021 |
| At 31 May 2022 |
| Provision for depreciation and impairment |
| At 01 June 2021 |
Charge for year
| At 31 May 2022 |
| At 31 May 2022 |
| Net book value |
| At 31 May 2021 |
| 4. Investments held as fixed assets |
| Other investments |
| Total |
| At 01 June 2021 |
| Cost |
| £ |
| £ |
| Additions |
| At 31 May 2022 |
| At 31 May 2022 |
| Net book value |
| At 01 June 2021 |
| 5. Trade and other receivables |
2021
2022
| £ |
| £ |
| Other debtors |
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For the year ended 31 May 2022
Grove Property London Ltd
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due within one year |
2021
2022
| £ |
| £ |
| Bank loans and overdraft (secured) |
| Bank loans and overdraft |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. Trade and other payables: amounts falling due after more than one year |
2021
2022
| £ |
| £ |
| Bank loans and overdraft |
| Bank loans and overdraft (secured) |
431,282
314,140
| 8. Average number of persons employed |
During the year the average number of employees was 0
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