Grove Properties Investments Limited


1 May 2020 false No description of principal activity Taxfiler 2021.11 09559713business:PrivateLimitedCompanyLtd2020-05-012021-04-30 095597132020-04-30 095597132020-05-012021-04-30 09559713business:AuditExempt-NoAccountantsReport2020-05-012021-04-30 09559713business:FullAccounts2020-05-012021-04-30 095597132021-04-30 09559713business:Director12020-05-012021-04-30 09559713business:RegisteredOffice2020-05-012021-04-30 095597132020-04-30 09559713core:WithinOneYear2021-04-30 09559713core:WithinOneYear2020-04-30 09559713core:AfterOneYear2021-04-30 09559713core:AfterOneYear2020-04-30 09559713core:ShareCapital2021-04-30 09559713core:ShareCapital2020-04-30 09559713core:RetainedEarningsAccumulatedLosses2021-04-30 09559713core:RetainedEarningsAccumulatedLosses2020-04-30 09559713business:SmallEntities2020-05-012021-04-30 09559713countries:EnglandWales2020-05-012021-04-30 09559713core:FurnitureFittings2020-05-012021-04-30 09559713core:PlantMachinery2020-04-30 09559713core:PlantMachinery2021-04-30 09559713core:PlantMachinery2020-05-012021-04-30 095597132019-05-012020-04-30 iso4217:GBP xbrli:pure
Company Registration No. 09559713 (England and Wales)
Grove Properties Investments Limited Unaudited accounts for the year ended 30 April 2021
Grove Properties Investments Limited Unaudited accounts Contents
Page
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Grove Properties Investments Limited Company Information for the year ended 30 April 2021
Director
G Moran
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
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Grove Properties Investments Limited Statement of financial position as at 30 April 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
470 
626 
Investment property
620,000 
620,000 
Investments
240 
240 
620,710 
620,866 
Current assets
Cash at bank and in hand
845,126 
707,470 
Creditors: amounts falling due within one year
(1,005,779)
(776,908)
Net current liabilities
(160,653)
(69,438)
Total assets less current liabilities
460,057 
551,428 
Creditors: amounts falling due after more than one year
- 
(160,000)
Provisions for liabilities
Deferred tax
(24,520)
(24,520)
Net assets
435,537 
366,908 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
435,533 
366,904 
Shareholders' funds
435,537 
366,908 
For the year ending 30 April 2021 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 5 October 2021 and were signed on its behalf by
G Moran Director Company Registration No. 09559713
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Grove Properties Investments Limited Notes to the Accounts for the year ended 30 April 2021
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
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Grove Properties Investments Limited Notes to the Accounts for the year ended 30 April 2021
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2020
1,482 
At 30 April 2021
1,482 
Depreciation
At 1 May 2020
856 
Charge for the year
156 
At 30 April 2021
1,012 
Net book value
At 30 April 2021
470 
At 30 April 2020
626 
5
Investment property
2021 
£ 
Fair value at 1 May 2020
620,000 
At 30 April 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 2020
240 
Valuation at 30 April 2021
240 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Taxes and social security
16,123 
29,395 
Loans from directors
988,136 
746,073 
Accruals
1,520 
1,440 
1,005,779 
776,908 
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
- 
160,000 
9
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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