Granite Property Investments Ltd - Accounts to registrar (filleted) - small 18.2

Granite Property Investments Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 04421028 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2021

for

Granite Property Investments Ltd

Granite Property Investments Ltd (Registered number: 04421028)






Contents of the Financial Statements
for the Year Ended 31 March 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Granite Property Investments Ltd

Company Information
for the Year Ended 31 March 2021







DIRECTOR: V Pabari





SECRETARY: H Pabari





REGISTERED OFFICE: 114a Cromwell Road
Kensington
London
SW7 4AG





REGISTERED NUMBER: 04421028 (England and Wales)






Granite Property Investments Ltd (Registered number: 04421028)

Balance Sheet
31 March 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 4 - 6,213
Cash at bank 177,979 47,945
177,979 54,158
CREDITORS
Amounts falling due within one year 5 177,937 812,735
NET CURRENT ASSETS/(LIABILITIES) 42 (758,577 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42

(758,577

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (58 ) (758,677 )
SHAREHOLDERS' FUNDS 42 (758,577 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2021 and were signed by:





V Pabari - Director


Granite Property Investments Ltd (Registered number: 04421028)

Notes to the Financial Statements
for the Year Ended 31 March 2021

1. STATUTORY INFORMATION

Granite Property Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis.

1.1.1 ) the directors of the company have received assurances from the creditors who are also subsidiary undertakings of the company's ultimate parent that their indebtedness will be deferred and they will not seek repayment of them until the earlier of such time as the company is in a position to repay those liabilities and thirteen months from the date of these accounts; and

1.1.2 ) the directors of the company have received indications from the other creditors that they will not seek repayment of them until such time as the company is in a position to repay those liabilities

Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors - 6,213

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors - 6,146
Amounts owed to group undertakings - 374,834
Taxation and social security 177,937 -
Other creditors - 431,755
177,937 812,735