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REGISTERED NUMBER: 10092752 (England and Wales)


Grosvenor Gardens Holdings Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2023






Grosvenor Gardens Holdings Limited (Registered number: 10092752)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Grosvenor Gardens Holdings Limited

Company Information
for the year ended 31 March 2023







DIRECTOR: Dr B Tezcan





REGISTERED OFFICE: 2 Grosvenor Gardens
London
SW1W 0DH





REGISTERED NUMBER: 10092752 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Accountants' Report to the Director
on the Unaudited Financial Statements of
Grosvenor Gardens Holdings Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Grosvenor Gardens Holdings Limited for the year ended 31 March 2023 which comprise the Abridged Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Grosvenor Gardens Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Grosvenor Gardens Holdings Limited and state those matters that we have agreed to state to the director of Grosvenor Gardens Holdings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grosvenor Gardens Holdings Limited and its director for our work or for this report.

It is your duty to ensure that Grosvenor Gardens Holdings 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 profit of Grosvenor Gardens Holdings Limited. You consider that Grosvenor Gardens Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Grosvenor Gardens Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


17 October 2023

Grosvenor Gardens Holdings Limited (Registered number: 10092752)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 321,821 148,349
Investments 5 100 100
321,921 148,449

CURRENT ASSETS
Debtors 6 2,352,962 1,212,575
Cash at bank and in hand 282,032 1,128,377
2,634,994 2,340,952
CREDITORS
Amounts falling due within one year 7 363,376 292,265
NET CURRENT ASSETS 2,271,618 2,048,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,593,539

2,197,136

PROVISIONS FOR LIABILITIES 9 60,626 27,571
NET ASSETS 2,532,913 2,169,565

CAPITAL AND RESERVES
Called up share capital 10 400 400
Retained earnings 11 2,532,513 2,169,165
SHAREHOLDERS' FUNDS 2,532,913 2,169,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Grosvenor Gardens Holdings Limited (Registered number: 10092752)

Statement of Financial Position - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2023 and were signed by:





Dr B Tezcan - Director


Grosvenor Gardens Holdings Limited (Registered number: 10092752)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Grosvenor Gardens Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the ordinary trading activities of the business and is recognised when the patients obtain the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over 10 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Grosvenor Gardens Holdings Limited (Registered number: 10092752)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 8 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 4,320 88,635 201,855 3,673 298,483
Additions - 175,191 624 34,150 209,965
At 31 March 2023 4,320 263,826 202,479 37,823 508,448
DEPRECIATION
At 1 April 2022 1,080 45,349 102,149 1,556 150,134
Charge for year 505 14,472 20,045 1,471 36,493
At 31 March 2023 1,585 59,821 122,194 3,027 186,627
NET BOOK VALUE
At 31 March 2023 2,735 204,005 80,285 34,796 321,821
At 31 March 2022 3,240 43,286 99,706 2,117 148,349

Grosvenor Gardens Holdings Limited (Registered number: 10092752)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 71,871 44,777
Amounts owed by group undertakings 2,257,776 1,135,350
Other debtors 23,315 32,448
2,352,962 1,212,575

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,076 1,716
Trade creditors 201,436 -
Taxation and social security 71,079 168,221
Other creditors 86,785 122,328
363,376 292,265

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 42,000 42,000
Between one and five years 168,000 168,000
In more than five years 63,000 105,000
273,000 315,000

Grosvenor Gardens Holdings Limited (Registered number: 10092752)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 60,626 27,571

Deferred
tax
£   
Balance at 1 April 2022 27,571
Charge to Statement of Income and Retained Earnings during year 33,055
Balance at 31 March 2023 60,626

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
120 Ordinary £1 120 120
280 Ordinary A - Non voting 1 280 280
400 400

11. RESERVES
Retained
earnings
£   

At 1 April 2022 2,169,165
Profit for the year 480,016
Dividends (116,668 )
At 31 March 2023 2,532,513

12. RELATED PARTY DISCLOSURES

Included in creditors are amounts owed to key management personnel of £63,051 (2022: £94,145). No interest is charged on this balance and it is repayable on demand.