Company Registration No. 11843092 (England and Wales)
Grand Redwood Properties Limited
Unaudited accounts
for the year ended 28 February 2023
Grand Redwood Properties Limited
Unaudited accounts
Contents
Grand Redwood Properties Limited
Company Information
for the year ended 28 February 2023
Company Number
11843092 (England and Wales)
Registered Office
61 Bridge Street
Kington
HR5 3DJ
United Kingdom
Grand Redwood Properties Limited
Statement of financial position
as at 28 February 2023
Tangible assets
145,000
145,000
Cash at bank and in hand
465
846
Creditors: amounts falling due within one year
(178,801)
(166,310)
Net current liabilities
(178,336)
(165,464)
Net liabilities
(33,336)
(20,464)
Called up share capital
100
100
Profit and loss account
(33,436)
(20,564)
Shareholders' funds
(33,336)
(20,464)
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 February 2024 and were signed on its behalf by
Victor Inyang
Director
Company Registration No. 11843092
Grand Redwood Properties Limited
Notes to the Accounts
for the year ended 28 February 2023
Grand Redwood Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11843092. The registered office is 61 Bridge Street, Kington, HR5 3DJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
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Tangible fixed assets
Land & buildings
At 28 February 2023
145,000
At 28 February 2023
145,000
At 28 February 2022
145,000
Grand Redwood Properties Limited
Notes to the Accounts
for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
175,418
166,071
6
Average number of employees
During the year the average number of employees was 0 (2022: 1).