Caseware UK (AP4) 2022.0.179 2022.0.179 2022-09-262022-09-26112021-09-27falseOther letting and operating of own or leased real estatetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02964957 2021-09-27 2022-09-26 02964957 2020-09-27 2021-09-26 02964957 2022-09-26 02964957 2021-09-26 02964957 c:Director1 2021-09-27 2022-09-26 02964957 d:MotorVehicles 2021-09-27 2022-09-26 02964957 d:MotorVehicles 2022-09-26 02964957 d:MotorVehicles 2021-09-26 02964957 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-09-27 2022-09-26 02964957 d:OfficeEquipment 2021-09-27 2022-09-26 02964957 d:OfficeEquipment 2022-09-26 02964957 d:OfficeEquipment 2021-09-26 02964957 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-09-27 2022-09-26 02964957 d:OwnedOrFreeholdAssets 2021-09-27 2022-09-26 02964957 d:FreeholdInvestmentProperty 2022-09-26 02964957 d:FreeholdInvestmentProperty 2021-09-26 02964957 d:CurrentFinancialInstruments 2022-09-26 02964957 d:CurrentFinancialInstruments 2021-09-26 02964957 d:Non-currentFinancialInstruments 2022-09-26 02964957 d:Non-currentFinancialInstruments 2021-09-26 02964957 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-26 02964957 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-26 02964957 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-26 02964957 d:Non-currentFinancialInstruments d:AfterOneYear 2021-09-26 02964957 d:ShareCapital 2022-09-26 02964957 d:ShareCapital 2021-09-26 02964957 d:RevaluationReserve 2021-09-27 2022-09-26 02964957 d:RevaluationReserve 2022-09-26 02964957 d:RevaluationReserve 2021-09-26 02964957 d:RetainedEarningsAccumulatedLosses 2021-09-27 2022-09-26 02964957 d:RetainedEarningsAccumulatedLosses 2022-09-26 02964957 d:RetainedEarningsAccumulatedLosses 2021-09-26 02964957 c:FRS102 2021-09-27 2022-09-26 02964957 c:AuditExempt-NoAccountantsReport 2021-09-27 2022-09-26 02964957 c:FullAccounts 2021-09-27 2022-09-26 02964957 c:PrivateLimitedCompanyLtd 2021-09-27 2022-09-26 02964957 5 2021-09-27 2022-09-26 iso4217:GBP xbrli:pure

Registered number:  02964957














GROSVENORMOUNT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2022


 
GROSVENORMOUNT LIMITED
REGISTERED NUMBER: 02964957

BALANCE SHEET
AS AT 26 SEPTEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,910
3,880

Investment property
 5 
3,710,781
3,710,781

  
3,713,691
3,714,661

Current assets
  

Debtors: amounts falling due within one year
 6 
184,364
190,557

Cash at bank and in hand
 7 
4,588
1,464

  
188,952
192,021

Creditors: amounts falling due within one year
 8 
(328,922)
(328,725)

Net current liabilities
  
 
 
(139,970)
 
 
(136,704)

Total assets less current liabilities
  
3,573,721
3,577,957

Creditors: amounts falling due after more than one year
 9 
(2,555,170)
(2,555,315)

  

Net assets
  
1,018,551
1,022,642

Page 1

 
GROSVENORMOUNT LIMITED
REGISTERED NUMBER: 02964957
    
BALANCE SHEET (CONTINUED)
AS AT 26 SEPTEMBER 2022

2022
2021
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 10 
1,324,723
1,324,723

Profit and loss account
 10 
(306,272)
(302,181)

  
1,018,551
1,022,642


The director considers 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 the Companies Act 2006.

The director acknowledges her 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 26 October 2023.




O Hayes
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GROSVENORMOUNT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2022

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no.02964957). The address of the registered office is 25 Victoria Street, Liverpool L1 6BD.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
GROSVENORMOUNT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2022

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance
Office equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

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.

 
2.9

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.

Page 4

 
GROSVENORMOUNT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2022

2.Accounting policies (continued)

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 27 September 2021
18,048
5,000
23,048



At 26 September 2022

18,048
5,000
23,048



Depreciation


At 27 September 2021
14,168
5,000
19,168


Charge for the year on owned assets
970
-
970



At 26 September 2022

15,138
5,000
20,138



Net book value



At 26 September 2022
2,910
-
2,910



At 26 September 2021
3,880
-
3,880

Page 5

 
GROSVENORMOUNT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2022

5.


Investment property


Freehold investment property

£



Valuation


At 27 September 2021
3,710,781



At 26 September 2022
3,710,781

The 2022 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2022
2021
£
£


Historic cost
2,297,952
2,297,952

2,297,952
2,297,952


6.


Debtors

2022
2021
£
£


Trade debtors
8,293
8,293

Other debtors
176,071
182,264

184,364
190,557


Included within other debtors due within one year is a loan to O Hayes, a director, amounting to 83,324 (2021 - £83,148). Amounts repaid during the year totalled £NIL.  The main conditions were as follows:

The loan was interest free, unsecured and has no fixed repayment terms.


7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
4,588
1,464

4,588
1,464


Page 6

 
GROSVENORMOUNT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2022

8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
49,897
49,897

Trade creditors
45,101
45,100

Corporation tax
4,639
4,639

Other taxation and social security
729
729

Other creditors
228,556
228,360

328,922
328,725


The following liabilities were secured:

2022
2021
£
£



Other creditors
228,556
228,360

228,556
228,360

Details of security provided:

Other creditors are secured by a fixed and floating charge over the assets of the company.


9.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other creditors
2,555,170
2,555,315

2,555,170
2,555,315


The following liabilities were secured:

2022
2021
£
£



Other creditors
2,555,170
2,555,315

2,555,170
2,555,315

Details of security provided:

Other creditors are secured by a fixed and floating charge over the assets of the company.

Page 7

 
GROSVENORMOUNT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2022

10.


Reserves

Revaluation reserve

The revaluation reserve includes all current and prior revaluations in relation to investment property.

Profit and loss account

Retained earnings includes all current and prior period retained profits and losses.


11.


Controlling party

The company is under the control of Mrs O Hayes.

 
Page 8