Grantbourne Freeholders Limited - Period Ending 2020-12-31
Grantbourne Freeholders Limited - Period Ending 2020-12-31
Registration number:
Grantbourne Freeholders Limited
for the Year Ended 31 December 2020
Grantbourne Freeholders Limited
(Registration number: 03389578)
Statement of Financial Position as at 31 December 2020
Note |
2020 |
2019 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Maintenance reserve |
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Total equity |
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For the financial year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.
Approved and authorised by the
.........................................
Company secretary and director
Grantbourne Freeholders Limited
Statement of Changes in Equity for the Year Ended 31 December 2020
Share capital |
Share premium |
Maintenance reserve |
Income and expenditure account |
Total |
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At 1 January 2020 |
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|
- |
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Surplus for the year |
- |
- |
- |
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Transfers |
- |
- |
482 |
(482) |
- |
At 31 December 2020 |
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- |
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Share capital |
Share premium |
Maintenance reserve |
Income and expenditure account |
Total |
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At 1 January 2019 |
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Deficit for the year |
- |
- |
- |
( |
( |
Transfers |
- |
- |
(8,556) |
8,556 |
- |
At 31 December 2019 |
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- |
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Grantbourne Freeholders Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepares in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents service charges to the leaseholders for the communal costs of the freehold property.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Freehold property |
not depreciated |
Maintenance debtors
Short term debtors are measured at transaction price, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and bank deposits.
Other creditors
Short term creditors are measured at the transaction price.
Grantbourne Freeholders Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Due to the nature of the company’s activities there were no employees in the current or previous year.
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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At 1 January 2020 |
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At 31 December 2020 |
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Depreciation |
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Carrying amount |
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At 31 December 2020 |
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At 31 December 2019 |
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The company holds the freehold property Grantbourne, Castle Grove Road, Chobham, Surrey.
Debtors |
2020 |
2019 |
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Maintenance debtors |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
2020 |
2019 |
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Accruals and deferred income |
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