Silverfin false 31/07/2022 01/08/2021 31/07/2022 Nicholas Raymond Chapman 27/07/2020 12 July 2023 The principal activity of the Company during the financial year was the buying and selling of real estate. 12769697 2022-07-31 12769697 bus:Director1 2022-07-31 12769697 core:CurrentFinancialInstruments 2022-07-31 12769697 core:CurrentFinancialInstruments 2021-07-31 12769697 2021-07-31 12769697 core:ShareCapital 2022-07-31 12769697 core:ShareCapital 2021-07-31 12769697 core:RetainedEarningsAccumulatedLosses 2022-07-31 12769697 core:RetainedEarningsAccumulatedLosses 2021-07-31 12769697 bus:OrdinaryShareClass1 2022-07-31 12769697 bus:OrdinaryShareClass2 2022-07-31 12769697 2021-08-01 2022-07-31 12769697 bus:FullAccounts 2021-08-01 2022-07-31 12769697 bus:SmallEntities 2021-08-01 2022-07-31 12769697 bus:AuditExemptWithAccountantsReport 2021-08-01 2022-07-31 12769697 bus:PrivateLimitedCompanyLtd 2021-08-01 2022-07-31 12769697 bus:Director1 2021-08-01 2022-07-31 12769697 2020-07-27 2021-07-31 12769697 bus:OrdinaryShareClass1 2021-08-01 2022-07-31 12769697 bus:OrdinaryShareClass1 2020-07-27 2021-07-31 12769697 bus:OrdinaryShareClass2 2021-08-01 2022-07-31 12769697 bus:OrdinaryShareClass2 2020-07-27 2021-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12769697 (England and Wales)

GRAPEVINE PROPERTY INVESTMENTS 2 LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2022
Pages for filing with the registrar

GRAPEVINE PROPERTY INVESTMENTS 2 LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2022

Contents

GRAPEVINE PROPERTY INVESTMENTS 2 LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2022
GRAPEVINE PROPERTY INVESTMENTS 2 LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2022
31.07.2022 31.07.2021
£ £
Current assets
Debtors 3 911,037 3
911,037 3
Creditors: amounts falling due within one year 4 ( 666,748) ( 27,893)
Net current assets/(liabilities) 244,289 (27,890)
Total assets less current liabilities 244,289 (27,890)
Net assets/(liabilities) 244,289 ( 27,890)
Capital and reserves
Called-up share capital 5 3 3
Profit and loss account 244,286 ( 27,893 )
Total shareholders' funds/(deficit) 244,289 ( 27,890)

For the financial year ending 31 July 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Grapevine Property Investments 2 Limited (registered number: 12769697) were approved and authorised for issue by the Director on 12 July 2023. They were signed on its behalf by:

Nicholas Raymond Chapman
Director
GRAPEVINE PROPERTY INVESTMENTS 2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2022
GRAPEVINE PROPERTY INVESTMENTS 2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Grapevine Property Investments 2 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor Stratus House Emperor Way, Exeter Business Park, Exeter, EX1 3QS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Year ended
31.07.2022
Period from
27.07.2020 to
31.07.2021
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

31.07.2022 31.07.2021
£ £
Amounts owed by Group undertakings 1 1
Other debtors 911,036 2
911,037 3

4. Creditors: amounts falling due within one year

31.07.2022 31.07.2021
£ £
Accruals 586,303 3,180
Corporation tax 60,732 0
Other creditors 19,713 24,713
666,748 27,893

5. Called-up share capital

31.07.2022 31.07.2021
£ £
Allotted, called-up and fully-paid
1 Ordinary A share of £ 1.00 1 1
2 Ordinary B shares of £ 1.00 each 2 2
3 3