Grindon House Investments Ltd |
Registered Number:05374468 |
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2023
Grindon House Investments Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Grindon House Investments Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
1,100,000
1,100,000
2
1,100,000
1,100,000
Trade and other receivables |
(18,000)
(22,800)
3
146,569
Cash and cash equivalents |
174,630
151,830
128,569
Trade and other payables: amounts falling due within one |
year |
(415,586)
(384,088)
4
(287,017)
(232,258)
Net current liabilities
Total assets less current liabilities |
867,742
812,983
867,742
Net assets
812,983
2
2
143,819
143,819
5
723,921
669,162
867,742
812,983
Shareholders' funds
For the year ended 28 February 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
George T McKenzie Director |
These financial statements were approved and authorised for issue by the Board on 29 November 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 28 February 2023
Grindon House Investments Ltd
Notes to the Financial Statements
Statutory Information
Grindon House Investments Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 05374468. |
West Grindon House
Norham
Berwick Upon Tweed
Northumberland
TD15 2NN
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
2. Property, plant and equipment |
1,100,000
1,100,000
1,100,000
1,100,000
3. Trade and other receivables |
2022
2023
(22,800)
(18,000)
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For the year ended 28 February 2023
Grindon House Investments Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year |
2022
2023
Taxation and social security |
12,844
24,601
371,244
390,985
384,088
415,586
Revaluation reserve at 01 March 2022 |
-
Revaluation of fixed assets |
143,819
143,819
Revaluation reserve at 28 February 2023 |
6. Average number of persons employed |
During the year the average number of employees was 0
3 of 3