Grove Property London Ltd,Ltd - AccountsLtd - Accounts
Grove Property London Ltd,Ltd - AccountsLtd - Accounts
| Registered Number:12002765 |
For the year ended 31 May 2023
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 31 May 2023
Grove Property London Ltd
Contents Page
| Company Information |
| 1 |
2
Director's Report
3
Independent Accountants' Report
4
Income Statement
5
Statement of Financial Position
6 to 8
Notes to the Financial Statements
3
For the year ended 31 May 2023
Grove Property London Ltd
Company Information
Jaskaran Singh Dhesi
Director
12002765
| Registered Number |
| Registered Office |
Mr P K R Chowdhury M Com FFA FIPA FAIA
Accountants
Financial Accountants
41 Highwood Gardens
Ilford
Greater London
IG5 0AZ
Bankers
1 of 8
4
For the year ended 31 May 2023
Grove Property London Ltd
Director's Report
The director presents his report and financial statements for the year ended 31 May 2023.
| Principal activities |
Director
The director who served the company throughout the year was as follows:
| Jaskaran Singh Dhesi |
Signed on behalf of the board of directors
| Date: |
2 of 8
5
For the year ended 31 May 2023
Grove Property London Ltd
Independent Accountants' Report
| As described on the Statement of Financial Position you are responsible for the preparation of the financial statements |
| for the year ended 31 May 2023 and you consider that the company is exempt from an audit under the Companies Act |
| 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist |
| you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to |
| us. |
Chowdhury and Co
Mr P K R Chowdhury M Com FFA FIPA FAIA
Financial Accountants
41 Highwood Gardens
Ilford
Greater London
IG5 0AZ
| Date: |
30 September 2023
3 of 8
6
For the year ended 31 May 2023
Grove Property London Ltd
Income Statement
2022
| £ |
2023
| £ |
| Notes |
| Turnover |
Gross profit
| Administrative expenses |
(6,435 )
(7,099 )
Operating profit
| Interest payable and similar charges |
(14,885 )
(12,820 )
Profit before taxation
(4,495 )
(2,834 )
| Taxation |
2
Profit for the financial year
4 of 8
7
| Registered Number : |
| As at |
Grove Property London Ltd
Statement of Financial Position
| £ |
| £ |
2022
2023
| Notes |
| Fixed assets |
| Property, plant and equipment |
3
| Financial assets |
4
| Current assets |
| Trade and other receivables |
5
| Cash and cash equivalents |
| Trade and other payables: amounts falling due within one |
| year |
(152,635 )
(155,723 )
6
(151,064)
(140,944 )
Net current liabilities
| Total assets less current liabilities |
| Trade and other payables: amounts falling due after more |
| than one year |
(443,882 )
(434,838 )
7
Net assets
| Capital and reserves |
| Called up share capital |
| Retained earnings |
Shareholders' funds
| 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. |
| Jaskaran Singh Dhesi |
| These financial statements were approved and authorised for issue by the Board on |
| The notes form part of these financial statements |
5 of 8
8
For the year ended 31 May 2023
Grove Property London Ltd
Notes to the Financial Statements
Statutory Information
| Grove Property London Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 12002765. |
| Registered address: |
14 Elm Grove
Hornchurch
Essex
RM11 3UA
| 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 cost convention as modified |
| by the revaluation of certain assets. |
Revenue recognition
Property, plant and equipment
Furniture and Fittings
Investment property
| 2. Taxation |
2022
| £ |
| The taxation charge is based on the taxable profit for the year and |
| comprises: |
| £ |
2023
| UK taxation |
| UK corporation tax |
4,495
2,834
| Tax on profit on ordinary activities |
4,495
2,834
6 of 8
9
For the year ended 31 May 2023
Grove Property London Ltd
Notes to the Financial Statements Continued
| 3. Property, plant and equipment |
| Furniture and |
| Fittings |
| £ |
| Cost or |
| valuation |
| At 01 June 2022 |
| Additions |
| At 31 May 2023 |
| Provision for depreciation and impairment |
| At 01 June 2022 |
Charge for year
| At 31 May 2023 |
| At 31 May 2023 |
| Net book value |
| At 31 May 2022 |
| 4. Investments held as fixed assets |
| Other investments |
| Total |
| At 01 June 2022 |
| Cost |
| £ |
| £ |
| At 31 May 2023 |
| At 31 May 2023 |
| Net book value |
| At 01 June 2022 |
| 5. Trade and other receivables |
2022
2023
| £ |
| £ |
| Other debtors |
7 of 8
10
For the year ended 31 May 2023
Grove Property London Ltd
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due within one year |
2022
2023
| £ |
| £ |
| Bank loans and overdraft (secured) |
| Bank loans and overdraft |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. Trade and other payables: amounts falling due after more than one year |
2022
2023
| £ |
| £ |
| Bank loans and overdraft |
| Bank loans and overdraft (secured) |
426,438
431,282
| 8. Average number of persons employed |
During the year the average number of employees was 0
8 of 8