GROVEBANK PROPERTIES LTD. - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04885374

Unaudited Financial Statements for the Year Ended 28 February 2022

for

GROVEBANK PROPERTIES LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C.S. Hus

SECRETARY:

M. Hus

REGISTERED OFFICE:

4 QUEX ROAD

LONDON

NW6 4PJ

REGISTERED NUMBER:

04885374

ACCOUNTANTS:

Purcells, Chartered Accountants

4 Quex Road

London

NW6 4PJ

FIXED ASSETS

Tangible assets

3

21

28

CURRENT ASSETS

Debtors

4

12,435

12,480

CREDITORS

Amounts falling due within one year

5

8,486

11,832

NET CURRENT ASSETS

3,949

648

TOTAL ASSETS LESS CURRENT LIABILITIES

3,970

676

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

3,870

576

SHAREHOLDERS' FUNDS

3,970

676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 13 February 2023 and were signed by:

C.S. Hus - Director

1.	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.

Turnover

Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided so as to write off the cost of fixed assets, less their estimated residual value, over their anticipated useful lives at the following basis:-

Office equipment and furniture - 25% on reducing balance basis

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

3.	TANGIBLE FIXED ASSETS

Office

equipment

and

furniture

£

COST

At 1 March 2021

and 28 February 2022

3,249

DEPRECIATION

At 1 March 2021

3,221

Charge for year

7

At 28 February 2022

3,228

NET BOOK VALUE

At 28 February 2022

21

At 28 February 2021

28

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Trade debtors

9,500

9,500

Director's loan account

2,935

2,980

12,435

12,480

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Corporation tax

2,580

6,626

Accruals

5,906

5,206

8,486

11,832

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.22

28.2.21

value:

£

£

100

Ordinary

£1

100

100

7.

RESERVES

Retained

earnings

£

At 1 March 2021

576

Profit for the year

10,994

Dividends

(7,700

)

At 28 February 2022

3,870