ACCOUNTS - Final Accounts preparation

GROSVENOR PLACE RESIDENTS (WEYBRIDGE) LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-09-302017-09-30No description of principal activityfalse2016-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue 02751208 2016-10-01 2017-09-30 02751208 2017-09-30 02751208 2015-10-01 2016-09-30 02751208 2016-09-30 02751208 c:Director1 2016-10-01 2017-09-30 02751208 d:CurrentFinancialInstruments 2017-09-30 02751208 d:CurrentFinancialInstruments 2016-09-30 02751208 d:CurrentFinancialInstruments d:WithinOneYear 2017-09-30 02751208 d:CurrentFinancialInstruments d:WithinOneYear 2016-09-30 02751208 d:ShareCapital 2017-09-30 02751208 d:ShareCapital 2016-09-30 02751208 d:RetainedEarningsAccumulatedLosses 2017-09-30 02751208 d:RetainedEarningsAccumulatedLosses 2016-09-30 02751208 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2017-09-30 02751208 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2016-09-30 02751208 c:FRS102 2016-10-01 2017-09-30 02751208 c:AuditExempt-NoAccountantsReport 2016-10-01 2017-09-30 02751208 c:FullAccounts 2016-10-01 2017-09-30 02751208 c:PrivateLimitedCompanyLtd 2016-10-01 2017-09-30 iso4217:GBP xbrli:pure

Company registration number: 02751208

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 SEPTEMBER 2017

	GROSVENOR PLACE RESIDENTS (WEYBRIDGE) LIMITED


GROSVENOR PLACE RESIDENTS (WEYBRIDGE) LIMITED REGISTERED NUMBER:02751208

BALANCE SHEET

AS AT 30 SEPTEMBER 2017

		2017		2016
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	1,281		1,896
Cash at bank and in hand	5	14,337		9,751
		15,618		11,647
Creditors: amounts falling due within one year	6	(1,785)		(1,695)
Net current assets			13,833		9,952
Total assets less current liabilities			13,833		9,952

Net assets			13,833		9,952

Capital and reserves
Called up share capital	800	800
Profit and loss account	13,033	9,152
	13,833	9,952

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 May 2018.

Mr J A Stevens

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


GROSVENOR PLACE RESIDENTS (WEYBRIDGE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

1.	General information

Grosvenor Place Residents (Weybridge) Limited is a private company, limited by shares and registered in England and Wales. The company's registered number is 02751208 and the registered office is situated at Midas House, 62 Goldsworth Road, Woking, Surrey, GU21 6LQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have a resonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

2.3

Revenue

The turnover in the income and expenditure account represents amounts receivable from residents as contributions towards the costs involved in the management of the common areas of Grosvenor Place, Weybridge.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Financial instruments

The Company only enters into basic financial instrument 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, loans to related parties and investments in non-puttable ordinary shares.

2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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GROSVENOR PLACE RESIDENTS (WEYBRIDGE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

2.Accounting policies (continued)

2.8

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 5 (2016 - 5).

Debtors

					2017	2016
					£	£


Trade debtors	500	1,132
Prepayments and accrued income	781	764
	1,281	1,896

5.	Cash and cash equivalents
		2017	2016
		£	£

Cash at bank and in hand	14,337	9,751
	14,337	9,751

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Accruals and deferred income	1,785	1,695
	1,785	1,695

Page 3


GROSVENOR PLACE RESIDENTS (WEYBRIDGE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

7.	Financial instruments
		2017	2016
		£	£

Financial assets
Financial assets measured at fair value through profit or loss	14,337	9,751
	14,337	9,751

8.	First time 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.

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