Company Registration No. 09332309 (England and Wales)
GRANGE PARK HOUSE LTD
Unaudited accounts
for the year ended 31 October 2016
GRANGE PARK HOUSE LTD
Unaudited accounts
Contents
GRANGE PARK HOUSE LTD
Company Information
for the year ended 31 October 2016
Company Number
09332309 (England and Wales)
Registered Office
13 GRANGE PARK
LONDON
LONDON
W5 3PL
GRANGE PARK HOUSE LTD
Statement of financial position
as at 31 October 2016
Cash at bank and in hand
18,149
52,526
Creditors: amounts falling due within one year
(12,885)
(61,734)
Net current assets
6,380
5,292
Called up share capital
1
1
Profit and loss account
6,379
6,473
Shareholders' funds
6,380
6,474
For the year ending 31 October 2016 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 July 2017.
Amit Sagar
Director
Company Registration No. 09332309
GRANGE PARK HOUSE LTD
Notes to the Accounts
for the year ended 31 October 2016
GRANGE PARK HOUSE LTD is a private company, limited by shares, registered in England and Wales, registration number 09332309. The registered office and principal place of business is 13 GRANGE PARK, LONDON, LONDON, W5 3PL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended
31 October 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 28 November 2014.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
10 below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
Turnover represents the net invoiced value of fees and expenses, excluding valued added tax.
The directors have considered the appropriateness of preparing the financial statements on the going concern basis. Shareholder support has been forthcoming and the directors also consider that there would be no material difference were the accounts to be prepared on any other basis.
GRANGE PARK HOUSE LTD
Notes to the Accounts
for the year ended 31 October 2016
4
Tangible fixed assets
Computer equipment
6
Creditors: amounts falling due within one year
2016
2015
Corporation tax
11,623
11,623
Other taxes and social security costs
-
8,849
Loans from directors
1,262
41,262
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
Amit Sagar, a director and shareholder of the company was paid dividends of £nil (2015: £40,000) which has been credited to Amit Sagar director's current account during the year. The company transferred money totalling £40,000 (2015: nil) to him. At the balance sheet date, the balance owed to him by the company was £1,262 (2015: £41,262)
During the year Multiply Accountants Ltd, a company under common control owed £1,116 (2015 - £nil) at the year end.
Key management personnel include all the directors who together have authority and responsibility for
planning, directing and controlling the activities of the group.
GRANGE PARK HOUSE LTD
Notes to the Accounts
for the year ended 31 October 2016
9
Average number of employees
During the year the average number of employees was 0 (2015: 0).
10
Reconciliations on adoption of FRS 102
The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss. The date of transition to FRS 102 was 28 November 2014 and the end of the latest period presented in the most recent annual financial statements determined in accordance with previous UK GAAP was the year ended 31st October 2015.
