Frelene (Grosvenor Street) Limited,Ltd - AccountsLtd - Accounts

Frelene (Grosvenor Street) Limited,Ltd - AccountsLtd - Accounts

FRELENE (GROSVENOR STREET) LIMITED - Company Information

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2021-05-01 09870571 2022-04-30 09870571 2021-05-01 2022-04-30 09870571 2021-04-30 09870571 2020-05-01 2021-04-30 09870571 uk-core:WithinOneYear 2021-04-30 09870571 uk-core:WithinOneYear 2022-04-30 09870571 uk-core:AfterOneYear 2021-04-30 09870571 uk-core:AfterOneYear 2022-04-30 09870571 uk-core:ShareCapital 2022-04-30 09870571 uk-core:ShareCapital 2021-04-30 09870571 uk-core:RevaluationReserve 2022-04-30 09870571 uk-core:RevaluationReserve 2021-04-30 09870571 uk-core:RetainedEarningsAccumulatedLosses 2022-04-30 09870571 uk-core:RetainedEarningsAccumulatedLosses 2021-04-30 09870571 uk-bus:Director1 2021-05-01 2022-04-30 09870571 uk-core:WithinOneYear uk-core:Secured 2022-04-30 09870571 uk-core:WithinOneYear uk-core:Secured 2021-04-30 iso4217:GBP xbrli:pure 09870571 uk-bus:AuditExemptWithAccountantsReport 2021-05-01 2022-04-30 09870571 uk-bus:FRS102 2021-05-01 2022-04-30 09870571 uk-bus:FullAccounts 2021-05-01 2022-04-30 09870571 uk-bus:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30
Frelene (Grosvenor Street) Limited
Registered Number:09870571
For the year ended 30 April 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2022
Frelene (Grosvenor Street) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
09870571
As at 30 April 2022
Frelene (Grosvenor Street) Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
2
60,000,000
44,188,895
Investment property
60,000,000
44,188,895
Current assets
Trade and other receivables
2,669,838
1,530,365
3
1,822,883
Cash and cash equivalents
1,074,883
2,605,248
4,492,721
Trade and other payables: amounts falling due within one
year
(38,742,741)
(10,314,749)
4
(34,250,020)
(7,709,501)
Net current liabilities
Total assets less current liabilities
52,290,499
9,938,875
Trade and other payables: amounts falling due after more
than one year
(16,000,000)
(49,942,806)
5
(2,000,000)
-
Provisions for liabilities
347,693
Net assets/liabilities
(6,061,125)
Capital and reserves
Called up share capital
100
100
Revaluation reserve
9,509,958
-
6
Retained earnings
(9,162,365)
(6,061,225)
347,693
(6,061,125)
Shareholders' funds
For the year ended 30 April 2022 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 of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr S Sutton Director
These financial statements were approved and authorised for issue by the Board on 19 January 2023 and were signed by:
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4
Registered Number :
09870571
For the year ended 30 April 2022
Frelene (Grosvenor Street) Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 April 2022
Frelene (Grosvenor Street) Limited
Notes to the Financial Statements
Statutory Information
Frelene (Grosvenor Street) Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 09870571.
Registered address:
1c Oundle Avenue
Bushey
Herts
WD23 4QG
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 costs convention as
modified by the revaluation of certain assets.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
FInancial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets
and liabilities like trade and other debtors, loans from banks and loans from and to related parties.
2. Investment property
Total
£
Fair value
At 01 May 2021
44,188,895
Additions
4,301,146
Fair value adjustments
11,509,959
At 30 April 2022
60,000,000
Net book value
At 30 April 2022
60,000,000
At 30 April 2021
44,188,895
3. Trade and other receivables
2021
2022
£
£
Amounts owed by group undertakings and participating interests
902,908
955,200
Other debtors
627,457
1,714,638
2,669,838
1,530,365
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6
For the year ended 30 April 2022
Frelene (Grosvenor Street) Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft (secured)
10,203,022
-
Other creditors
111,727
38,742,741
10,314,749
38,742,741
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft (secured)
33,942,806
-
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
16,000,000
16,000,000
49,942,806
16,000,000
6. Reserves
Total
£
Revaluation reserve at 01 May 2021
-
Revaluation of fixed assets
11,509,958
Deferred tax provided on revaluation
(2,000,000)
9,509,958
Revaluation reserve at 30 April 2022
7. Average number of persons employed
During the year the average number of employees was 0
8. Parent-subsidiary relationship
The parent company is Frelene Ltd whose registered office is 1c Oundle Avenue, Bushey, Herts, WD23 4QG and whose principal business address is 105 Jermyn Street, London, SW1Y 6EE.
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