Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The principal activity of the company continued to be that of the administration and management of blockof flats known as Grove Lodge, 9-11 Hampstead Lane in which it holds the Head Leasehold interest.true2false2022-04-012trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01522625 2022-04-01 2023-03-31 01522625 2021-04-01 2022-03-31 01522625 2023-03-31 01522625 2022-03-31 01522625 c:Director2 2022-04-01 2023-03-31 01522625 d:FreeholdInvestmentProperty 2023-03-31 01522625 d:FreeholdInvestmentProperty 2022-03-31 01522625 d:CurrentFinancialInstruments 2023-03-31 01522625 d:CurrentFinancialInstruments 2022-03-31 01522625 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01522625 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01522625 d:ShareCapital 2023-03-31 01522625 d:ShareCapital 2022-03-31 01522625 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 01522625 d:RetainedEarningsAccumulatedLosses 2023-03-31 01522625 d:RetainedEarningsAccumulatedLosses 2022-03-31 01522625 c:OrdinaryShareClass1 2022-04-01 2023-03-31 01522625 c:OrdinaryShareClass1 2023-03-31 01522625 c:FRS102 2022-04-01 2023-03-31 01522625 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01522625 c:FullAccounts 2022-04-01 2023-03-31 01522625 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01522625 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01522625














GROVE LODGE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
GROVE LODGE LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 5


 
GROVE LODGE LIMITED
REGISTERED NUMBER:01522625

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
3,000
3,000

Current assets
  

Debtors: amounts falling due within one year
 5 
1,505
1,210

Cash at bank and in hand
  
35,214
35,455

  
36,719
36,665

Creditors: amounts falling due within one year
 6 
(2,176)
(2,122)

Net current assets
  
 
 
34,543
 
 
34,543

  

Net assets
  
37,543
37,543


Capital and reserves
  

Called up share capital 
 7 
90
90

Profit and loss account
 8 
37,453
37,453

  
37,543
37,543


Page 1

 
GROVE LODGE LIMITED
REGISTERED NUMBER:01522625
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider 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 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 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 comprehensive income 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 by: 




G Ttouli
Director

Date: 23 November 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GROVE LODGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Grove Lodge Limited is a limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company continued to be that of the administration and management of block of flats known as Grove Lodge, 9-11 Hampstead Lane in which it holds the Head Leasehold interest.
The companys' income is from ground rents. The company has no expenditure in its own right, all transactions in the year being related to the maintenance of the common parts in accordance with the lease. Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987.

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

Turnover

Turnover represents income which is collected from the residents for rent and service charges, and is applied solely for the management and upkeep of the property.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.5

Creditors

Short term creditors are measured at the transaction price.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 
GROVE LODGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
3,000



At 31 March 2023
3,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.





5.


Debtors

2023
2022
£
£


Amounts owed by tenants
1,505
1,210



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts held on trust for tenants
-
50

Amounts owed to tenants
900
900

Other creditors
22
22

Accruals and deferred income
1,254
1,150

2,176
2,122



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



9 Ordinary shares of £10 each
90
90


Page 4

 
GROVE LODGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Reserves

Profit & loss account

Included within profit and loss reserves are revaluation surpluses amounting to £3,000 (2022 - £3,000).

 
Page 5