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REGISTERED NUMBER: 13920987 (England and Wales)















Unaudited Financial Statements

for the Period 16 February 2022 to 31 March 2023

for

GRAND PARK HOMES LTD

GRAND PARK HOMES LTD (REGISTERED NUMBER: 13920987)






Contents of the Financial Statements
for the Period 16 February 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRAND PARK HOMES LTD

Company Information
for the Period 16 February 2022 to 31 March 2023







DIRECTORS: A H Abu-Baker
H K Han





REGISTERED OFFICE: St George's Nursing Home
42 Kneesworth Street
Royston
SG8 5AQ





REGISTERED NUMBER: 13920987 (England and Wales)





ACCOUNTANTS: BWBCA Limited
Dukes Court
Duke Street
Woking
Surrey
GU21 5BH

GRAND PARK HOMES LTD (REGISTERED NUMBER: 13920987)

Balance Sheet
31 March 2023

Notes £    £   
FIXED ASSETS
Intangible assets 5 201,667
Tangible assets 6 668,901
870,568

CURRENT ASSETS
Debtors 7 88,266
Cash at bank and in hand 104,887
193,153
CREDITORS
Amounts falling due within one year 8 362,523
NET CURRENT LIABILITIES (169,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

701,198

CREDITORS
Amounts falling due after more than one
year

9

(652,888

)

PROVISIONS FOR LIABILITIES (4,716 )
NET ASSETS 43,594

CAPITAL AND RESERVES
Called up share capital 12 2
Retained earnings 43,592
SHAREHOLDERS' FUNDS 43,594

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

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

The directors acknowledge their 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.

GRAND PARK HOMES LTD (REGISTERED NUMBER: 13920987)

Balance Sheet - 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.

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 Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:




H K Han - Director



A H Abu-Baker - Director


GRAND PARK HOMES LTD (REGISTERED NUMBER: 13920987)

Notes to the Financial Statements
for the Period 16 February 2022 to 31 March 2023

1. STATUTORY INFORMATION

Grand Park Homes Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Plant and machinery - 25% on cost
Fixtures and fittings - 50% on cost
Computer equipment - 33% on cost

Government grants
Government grants are accounted for based on the accrual model. Revenue grants are recognised in income on a systematic basis over the periods in which they company recognises the related costs for which the grant is intended to compensate.

Taxation
Taxation for the period 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 balance sheet date.


GRAND PARK HOMES LTD (REGISTERED NUMBER: 13920987)

Notes to the Financial Statements - continued
for the Period 16 February 2022 to 31 March 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet 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 period 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.

4. EMPLOYEES

The average number of employees during the period was 31 .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 220,000
At 31 March 2023 220,000
AMORTISATION
Charge for period 18,333
At 31 March 2023 18,333
NET BOOK VALUE
At 31 March 2023 201,667

GRAND PARK HOMES LTD (REGISTERED NUMBER: 13920987)

Notes to the Financial Statements - continued
for the Period 16 February 2022 to 31 March 2023

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
Additions 654,860 6,614 20,000 1,559 683,033
At 31 March 2023 654,860 6,614 20,000 1,559 683,033
DEPRECIATION
Charge for period 4,822 696 8,333 281 14,132
At 31 March 2023 4,822 696 8,333 281 14,132
NET BOOK VALUE
At 31 March 2023 650,038 5,918 11,667 1,278 668,901

Included in cost of land and buildings is freehold land of £ 360,000 which is not depreciated.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 43,743
Other debtors 44,523
88,266

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 12,112
Trade creditors 765
Taxation and social security 11,805
Other creditors 337,841
362,523

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 652,888

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 5,760
Between one and five years 1,440
7,200

GRAND PARK HOMES LTD (REGISTERED NUMBER: 13920987)

Notes to the Financial Statements - continued
for the Period 16 February 2022 to 31 March 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 665,000

Assetz Capital Trust Company Limited holds a fixed and floating charge over certain assets of the company.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary £1 2

13. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors £119,848 and £119,858. The amounts are interest free and repayable upon demand. However, the directors have confirmed that they will continue to financially support the company for the foreseeable future, and will not withdraw their loans to the detriment of the company or its other creditors.