GRANTLEY (CATFORD) LIMITED
Registered number: 04930670
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,899,216 2,570,665
Investments 4 100,000 100,000
1,999,216 2,670,665
Current assets
Debtors 5 50,330 50,000
Cash at bank and in hand 102,771 272,891
153,101 322,891
Creditors: amounts falling due within one year 6 (63,263) (58,684)
Net current assets 89,838 264,207
Total assets less current liabilities 2,089,054 2,934,872
Creditors: amounts falling due after more than one year 7 (69,998) (1,089,966)
Net assets 2,019,056 1,844,906
Capital and reserves
Called up share capital 199 199
Revaluation reserve 8 1,032,222 1,032,222
Profit and loss account 986,635 812,485
Shareholders' funds 2,019,056 1,844,906
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Parekh
Director
Approved by the board on 8 November 2023
GRANTLEY (CATFORD) LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years 20% reducing bal
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 2,570,595 7,436 2,578,031
Disposals (671,428) - (671,428)
At 31 March 2023 1,899,167 7,436 1,906,603
Depreciation
At 1 April 2022 - 7,366 7,366
Charge for the year - 21 21
At 31 March 2023 - 7,387 7,387
Net book value
At 31 March 2023 1,899,167 49 1,899,216
At 31 March 2022 2,570,595 70 2,570,665
4 Investments
Other
investments
£
Cost
At 1 April 2022 100,000
At 31 March 2023 100,000
5 Debtors 2023 2022
£ £
Intercompany loans 50,000 50,000
Other debtors 330 -
50,330 50,000
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 15,340
Corporation tax 37,348 36,735
Other taxes and social security costs 21,115 4,209
Other creditors 4,800 2,400
63,263 58,684
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 69,998 1,063,595
Other creditors - 26,371
69,998 1,089,966
8 Revaluation reserve 2023 2022
£ £
At 1 April 2022 1,032,222 1,032,222
At 31 March 2023 1,032,222 1,032,222
9 Other information
GRANTLEY (CATFORD) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
179 Torridon Road
London
SE6 1RG
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