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No description of principal activities is disclosed
2022-01-21
Sage Accounts Production 21.0 - FRS102_2021
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13863563
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Company registration number:
13863563
GREGM Associates Limited
Unaudited filleted financial statements
31 January 2023
GREGM Associates Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
GREGM Associates Limited
Directors and other information
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Directors |
Mr G Morris |
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Company number |
13863563 |
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Registered office |
Sovereign House |
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82 West Street |
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Rochford |
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Essex |
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SS4 1AS |
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Business address |
Hill House |
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Tattenham Corner Road |
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Epsom |
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Surrey |
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KT18 5PP |
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Accountant |
Andrew Murphy Chartered Accountants |
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Sovereign House |
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82 West Street |
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Rochford |
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Essex |
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SS4 1AS |
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GREGM Associates Limited
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of GREGM Associates Limited
Period ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of GREGM Associates Limited for the period ended 31 January 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of GREGM Associates Limited, as a body, in accordance with the terms of my engagement letter dated 24 January 2022. My work has been undertaken solely to prepare for your approval the financial statements of GREGM Associates Limited and state those matters that we have agreed to state to the board of directors of GREGM Associates Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than GREGM Associates Limited and its board of directors as a body for my work or for this report.
It is your duty to ensure that GREGM Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of GREGM Associates Limited. You consider that GREGM Associates Limited is exempt from the statutory audit requirement for the period.
I have not been instructed to carry out an audit or a review of the financial statements of GREGM Associates Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Andrew Murphy Chartered Accountants
Sovereign House
82 West Street
Rochford
Essex
SS4 1AS
4 October 2023
GREGM Associates Limited
Statement of financial position
31 January 2023
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31/01/23 |
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Note |
£ |
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£ |
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Current assets |
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Cash at bank and in hand |
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351 |
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_______ |
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351 |
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Creditors: amounts falling due |
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within one year |
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5 |
(
2,100) |
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_______ |
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Net current liabilities |
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(
1,749) |
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_______ |
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Total assets less current liabilities |
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(
1,749) |
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Provisions for liabilities |
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311 |
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_______ |
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Net liabilities |
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(
1,438) |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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Profit and loss account |
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(
1,538) |
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_______ |
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Shareholders deficit |
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(
1,438) |
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_______ |
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For the period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
04 October 2023
, and are signed on behalf of the board by:
Mr G Morris
Director
Company registration number:
13863563
GREGM Associates Limited
Statement of changes in equity
Period ended 31 January 2023
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Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 21 January 2022 |
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- |
- |
- |
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Loss for the period |
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(
1,538) |
(
1,538) |
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_______ |
_______ |
_______ |
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Total comprehensive income for the period |
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- |
(
1,538) |
(
1,538) |
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Issue of shares |
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100 |
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100 |
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_______ |
_______ |
_______ |
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Total investments by and distributions to owners |
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100 |
- |
100 |
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_______ |
_______ |
_______ |
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At 31 January 2023 |
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100 |
(
1,538) |
(
1,438) |
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_______ |
_______ |
_______ |
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GREGM Associates Limited
Notes to the financial statements
Period ended 31 January 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Sovereign House, 82 West Street, Rochford, Essex, SS4 1AS.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4.
Tax on loss
Major components of tax income
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Period |
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ended |
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31/01/23 |
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£ |
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Deferred tax: |
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Origination and reversal of timing differences |
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(
311) |
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_______ |
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Tax on loss |
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(
311) |
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_______ |
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5.
Creditors: amounts falling due within one year
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31/01/23 |
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£ |
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Other creditors |
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2,100 |
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_______ |
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6.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
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31/01/23 |
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£ |
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Included in provisions (note ) |
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(
311) |
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_______ |
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The deferred tax account consists of the tax effect of timing differences in respect of:
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31/01/23 |
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£ |
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Accelerated capital allowances |
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(
311) |
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_______ |
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7.
Directors advances, credits and guarantees
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During the period the directors entered into the following advances and credits with the company: |
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Period ended 31/01/23 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr G Morris |
- |
100 |
(
1,000) |
(
900) |
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_______ |
_______ |
_______ |
_______ |
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