GROVE PARK PROPERTIES LIMITED

GROVE PARK PROPERTIES LIMITED

GROVE PARK PROPERTIES LIMITED - Company Information

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GROVE PARK PROPERTIES LIMITED

Company Registration Number:
04294243 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2020

Period of accounts

Start date: 01 October 2019

End date: 30 September 2020

GROVE PARK PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2020

Balance sheet
Notes

GROVE PARK PROPERTIES LIMITED

Balance sheet

As at 30 September 2020


Notes
2020
2019


£
£
Current assets
Stocks: 12,037,921 12,037,921
Debtors:   43,776 3,495
Total current assets: 12,081,697 12,041,416
Creditors: amounts falling due within one year: 3 (5,761,993) (5,459,115)
Net current assets (liabilities): 6,319,704 6,582,301
Total assets less current liabilities: 6,319,704 6,582,301
Creditors: amounts falling due after more than one year: 4 (12,639,136) (12,439,987)
Total net assets (liabilities): (6,319,432) (5,857,686)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (6,319,434) (5,857,688)
Shareholders funds: (6,319,432) (5,857,686)

The notes form part of these financial statements

GROVE PARK PROPERTIES LIMITED

Balance sheet statements

For the year ending 30 September 2020 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 February 2021
and signed on behalf of the board by:

Name: Gary Wyatt
Status: Director

The notes form part of these financial statements

GROVE PARK PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Other accounting policies

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

GROVE PARK PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2020

2. Employees

2020 2019
Average number of employees during the period 3 3

GROVE PARK PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2020

3. Creditors: amounts falling due within one year note

Creditors comprise bank overdrafts and the directors loan account

GROVE PARK PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2020

4. Creditors: amounts falling due after more than one year note

Creditors comprise bank loans

GROVE PARK PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2020

5. Post balance sheet events

On 23 January 2021 the company settled it's action against Royal Bank of Scotland plc on confidential terms and to the satisfaction of the director. The company's 2021 balance sheet will be substantially altered as a result.