Silverfin 24 October 2023 24 October 2023 1,260 455,091 false true 31/07/2022 01/08/2021 31/07/2022 Nicholas Raymond Chapman 27/07/2020 24 October 2023 The principal activity of the Company during the financial period was the buying and selling of real estate. 12770085 2022-07-31 12770085 bus:Director1 2022-07-31 12770085 core:CurrentFinancialInstruments 2022-07-31 12770085 core:CurrentFinancialInstruments 2021-07-31 12770085 2021-07-31 12770085 core:ShareCapital 2022-07-31 12770085 core:ShareCapital 2021-07-31 12770085 core:RetainedEarningsAccumulatedLosses 2022-07-31 12770085 core:RetainedEarningsAccumulatedLosses 2021-07-31 12770085 core:ImmediateParent core:CurrentFinancialInstruments 2022-07-31 12770085 core:ImmediateParent core:CurrentFinancialInstruments 2021-07-31 12770085 bus:OrdinaryShareClass1 2022-07-31 12770085 2021-08-01 2022-07-31 12770085 bus:FullAccounts 2021-08-01 2022-07-31 12770085 bus:SmallEntities 2021-08-01 2022-07-31 12770085 bus:Audited 2021-08-01 2022-07-31 12770085 2020-07-27 2021-07-31 12770085 bus:PrivateLimitedCompanyLtd 2021-08-01 2022-07-31 12770085 bus:Director1 2021-08-01 2022-07-31 12770085 bus:OrdinaryShareClass1 2021-08-01 2022-07-31 12770085 bus:OrdinaryShareClass1 2020-07-27 2021-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12770085 (England and Wales)

GRAPEVINE PROPERTY INVESTMENTS 5 LIMITED

Financial Statements
For the financial year ended 31 July 2022
Pages for filing with the registrar

GRAPEVINE PROPERTY INVESTMENTS 5 LIMITED

Financial Statements

For the financial year ended 31 July 2022

Contents

GRAPEVINE PROPERTY INVESTMENTS 5 LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2022
GRAPEVINE PROPERTY INVESTMENTS 5 LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2022
31.07.2022 31.07.2021
£ £
Current assets
Debtors 3 565,021 740,010
565,021 740,010
Creditors: amounts falling due within one year 4 ( 561,189) ( 284,918)
Net current assets 3,832 455,092
Total assets less current liabilities 3,832 455,092
Net assets 3,832 455,092
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account 3,831 455,091
Total shareholder's funds 3,832 455,092

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Grapevine Property Investments 5 Limited (registered number: 12770085) were approved and authorised for issue by the Director on 24 October 2023. They were signed on its behalf by:

Nicholas Raymond Chapman
Director
GRAPEVINE PROPERTY INVESTMENTS 5 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2022
GRAPEVINE PROPERTY INVESTMENTS 5 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Grapevine Property Investments 5 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor Stratus House Emperor Way, Exeter Business Park, Exeter, EX1 3QS, United Kingdom. The principal place of business is Higher Northcott Farm, Sheldon, Blackborough, Cullompton, Devon, EX15 2JF.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The prior year reporting period was from incorporation and is therefore not entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

Year ended
31.07.2022
Period from
27.07.2020 to
31.07.2021
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

31.07.2022 31.07.2021
£ £
Amounts owed by Group undertakings 277,193 0
Amounts owed by Parent undertakings 0 1
Other debtors 287,828 740,009
565,021 740,010

4. Creditors: amounts falling due within one year

31.07.2022 31.07.2021
£ £
Amounts owed to Parent undertakings 449,999 0
Accruals 4,440 178,168
Taxation and social security 106,750 106,750
561,189 284,918

5. Called-up share capital

31.07.2022 31.07.2021
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

6. Related party transactions

Other related party transactions

31.07.2022 31.07.2021
£ £
Amounts owed by group companies 277,193 452,181
Amounts owed to group companies 449,999 0

7. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 July 2022 was unqualified.

The audit report was signed by on behalf of .