GROVEBANK PROPERTIES LTD. - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04885374

Unaudited Financial Statements for the Year Ended 28 February 2017

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

87

116

CURRENT ASSETS

Debtors

4

12,381

13,713

Cash at bank

12

18

12,393

13,731

CREDITORS

Amounts falling due within one year

5

12,011

13,211

NET CURRENT ASSETS

382

520

TOTAL ASSETS LESS CURRENT LIABILITIES

469

636

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

369

536

SHAREHOLDERS' FUNDS

469

636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 19 December 2017 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 the provisions of Section 1A "Small Entities" 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.

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 .

3.	TANGIBLE FIXED ASSETS

Office

equipment

and

furniture

£

COST

At 1 March 2016

and 28 February 2017

3,249

DEPRECIATION

At 1 March 2016

3,133

Charge for year

29

At 28 February 2017

3,162

NET BOOK VALUE

At 28 February 2017

87

At 29 February 2016

116

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade debtors

7,600

9,100

Director's loan account

4,781

4,613

12,381

13,713

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Corporation tax

7,853

10,512

Other creditors

1,558

1,499

Accruals

2,600

1,200

12,011

13,211

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.17

29.2.16

value:

£

£

100

Ordinary

£1

100

100

7.

RESERVES

Retained

earnings

£

At 1 March 2016

536

Profit for the year

17,833

Dividends

(18,000

)

At 28 February 2017

369