Grantbourne Freeholders Limited - Period Ending 2022-12-31

Grantbourne Freeholders Limited

(Registration number: 03389578)
Statement of Financial Position as at 31 December 2022

	Note	2022 £	2021 £
Fixed assets
Tangible assets	4	12,000	12,000
Current assets
Debtors	5	3,910	3,333
Cash at bank and in hand		11,169	9,943
		15,079	13,276
Creditors: Amounts falling due within one year	6	(3,933)	(3,689)
Net current assets		11,146	9,587
Net assets		23,146	21,587
Capital and reserves
Called up share capital		9	9
Share premium reserve		12,000	12,000
Maintenance reserve		11,137	9,578
Total equity		23,146	21,587

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	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 Board on 18 September 2023 and signed on its behalf by:
 

......................................... Mr P G Halls-Dickerson Company secretary and director

Grantbourne Freeholders Limited

Statement of Changes in Equity for the Year Ended 31 December 2022

	Share capital £	Share premium £	Maintenance reserve £	Income and expenditure account £	Total £
At 1 January 2022	9	12,000	9,578	-	21,587
Surplus for the year	-	-	-	1,559	1,559
Transfers	-	-	1,559	(1,559)	-
At 31 December 2022	9	12,000	11,137	-	23,146

	Share capital £	Share premium £	Maintenance reserve £	Income and expenditure account £	Total £
At 1 January 2021	9	12,000	4,033	-	16,042
Surplus for the year	-	-	-	5,545	5,545
Transfers	-	-	5,545	(5,545)	-
At 31 December 2021	9	12,000	9,578	-	21,587

Grantbourne Freeholders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

2	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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 2022

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 and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2021 - 0).

Due to the nature of the company’s activities there were no employees in the current or previous year.

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 January 2022	12,000	12,000
At 31 December 2022	12,000	12,000
Depreciation
Carrying amount
At 31 December 2022	12,000	12,000
At 31 December 2021	12,000	12,000

The company holds the freehold property Grantbourne, Castle Grove Road, Chobham, Surrey.

5

Debtors

	2022 £	2021 £
Maintenance debtors	430	230
Prepayments	3,480	3,103
	3,910	3,333

6

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Accruals and deferred income	3,933	3,689