GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED - Company Information

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GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Company Registration Number:
05432365 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2022

Period of accounts

Start date: 01 September 2021

End date: 31 August 2022

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2022

Balance sheet
Notes

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Balance sheet

As at 31 August 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 758,559 765,229
Total fixed assets: 758,559 765,229
Current assets
Debtors:     1,832
Cash at bank and in hand: 114,484 185,081
Total current assets: 114,484 186,913
Creditors: amounts falling due within one year:   (179,376) (211,087)
Net current assets (liabilities): (64,892) (24,174)
Total assets less current liabilities: 693,667 741,055
Total net assets (liabilities): 693,667 741,055
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve:4100,000100,000
Profit and loss account: 592,667 640,055
Shareholders funds: 693,667 741,055

The notes form part of these financial statements

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Balance sheet statements

For the year ending 31 August 2022 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 19 April 2023
and signed on behalf of the board by:

Name: Mr Kevin waugh
Status: Director

The notes form part of these financial statements

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

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 for the services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Freehold property - 2% straight lineFixtures, fittings & equipment - 15% straight lineMotor vehicles - 25% straight line

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

2. Employees

2022 2021
Average number of employees during the period 4 2

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

3. Tangible Assets

Total
Cost £
At 01 September 2021 915,083
Additions 30,575
Disposals (18,180)
At 31 August 2022 927,478
Depreciation
At 01 September 2021 149,854
Charge for year 19,444
On disposals (379)
At 31 August 2022 168,919
Net book value
At 31 August 2022 758,559
At 31 August 2021 765,229

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

4. Revaluation reserve

2022
£
Balance at 01 September 2021 100,000
Surplus or deficit after revaluation 0
Balance at 31 August 2022 100,000

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

5. Related party transactions

Name of the related party: Roy Bradley
Relationship:
Director
Description of the Transaction: Funds introduced by director
£
Balance at 01 September 2021 132,279
Balance at 31 August 2022 132,054
Name of the related party: Kevin Waugh
Relationship:
Director
Description of the Transaction: Funds introduced by director
£
Balance at 01 September 2021 46,506
Balance at 31 August 2022 34,959