Company registration number 04499466 (England and Wales)
GRANGE PARK (BOVINGDON) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
GRANGE PARK (BOVINGDON) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GRANGE PARK (BOVINGDON) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Stocks
63,530
63,530
Debtors
3
166,624
184,548
Cash at bank and in hand
17,803
30,872
247,957
278,950
Creditors: amounts falling due within one year
4
(41,801)
(42,430)
Net current assets
206,156
236,520
Creditors: amounts falling due after more than one year
5
(312,521)
(329,730)
Net liabilities
(106,365)
(93,210)
Capital and reserves
Called up share capital
6
500
500
Profit and loss reserves
(106,865)
(93,710)
Total equity
(106,365)
(93,210)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 2 November 2023 and are signed on its behalf by:
A J Hillier
Director
Company registration number 04499466 (England and Wales)
GRANGE PARK (BOVINGDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 2 -
1
Accounting policies
Company information

Grange Park (Bovingdon) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is reliant upon the financial support provided by its parent company.true

 

On this basis, the directors are firmly of the opinion that the company is a going concern.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.

 

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

1.4
Taxation

The tax expense represents the sum of the tax saved by other group companies by way of a surrender of losses.

GRANGE PARK (BOVINGDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 3 -
1.5
Leases

Rental income is included within other operating income and is recognised on a straight line basis over the term of the relevant lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
2
2
3
Debtors
2022
2021
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
95,224
113,148
Other debtors
71,400
71,400
166,624
184,548
4
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
13,600
13,600
Trade creditors
1,945
1,800
Corporation tax
3,026
2,840
Other taxation and social security
18,901
21,090
Other creditors
4,329
3,100
41,801
42,430

Bank loans are secured by way of a fixed and floating charge over all the assets of the company.

5
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans
312,521
329,730

Bank loans are secured by way of a fixed and floating charge over all the assets of the company.

GRANGE PARK (BOVINGDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 4 -
6
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
500
500
500
500
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