GRANGE PARK HOUSE LTD

GRANGE PARK HOUSE LTD

GRANGE PARK HOUSE LTD - Company Information

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Company Registration No. 09332309 (England and Wales)
GRANGE PARK HOUSE LTD Unaudited accounts for the year ended 31 October 2017
GRANGE PARK HOUSE LTD Unaudited accounts Contents
Page
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GRANGE PARK HOUSE LTD Company Information for the year ended 31 October 2017
Director
Amit Sagar
Company Number
09332309 (England and Wales)
Registered Office
13 GRANGE PARK LONDON W5 3PL
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GRANGE PARK HOUSE LTD Statement of financial position as at 31 October 2017
2017 
2016 
Notes
£ 
£ 
Current assets
Debtors
4
1,116 
1,116 
Cash at bank and in hand
1,252 
18,149 
2,368 
19,265 
Creditors: amounts falling due within one year
5
(1,262)
(12,885)
Net current assets
1,106 
6,380 
Net assets
1,106 
6,380 
Capital and reserves
Called up share capital
6
1 
1 
Profit and loss account
1,105 
6,379 
Shareholders' funds
1,106 
6,380 
For the year ending 31 October 2017 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 2018.
Amit Sagar Director Company Registration No. 09332309
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GRANGE PARK HOUSE LTD Notes to the Accounts for the year ended 31 October 2017
1
Statutory information
GRANGE PARK HOUSE LTD is a private company, limited by shares, registered in England and Wales, registration number 09332309. The registered office is 13 GRANGE PARK, 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.
3
Accounting policies
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015. 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 the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Turnover represents the net invoiced value of fees and expenses, excluding valued added tax.
Going concern
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.
4
Debtors
2017 
2016 
£ 
£ 
Other debtors
1,116 
1,116 
5
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Taxes and social security
- 
11,623 
Loans from directors
1,262 
1,262 
1,262 
12,885 
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GRANGE PARK HOUSE LTD Notes to the Accounts for the year ended 31 October 2017
6
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Transactions with related parties
Amit Sagar, a director and shareholder of the company was paid dividends of £5,000 (2016: £nil) which has been credited to Amit Sagar director's current account during the year. The company transferred money totalling £5,000 (2016: £40,000) to him. At the balance sheet date, the balance owed to him by the company was £1,262 (2016: £1,262) During the year Multiply Accountants Ltd, a company under common control owed £1,116 (2016 - £1,116) 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.
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).
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