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REGISTERED NUMBER: 09955367 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Grosvenor Homes (Wirral) Limited

Grosvenor Homes (Wirral) Limited (Registered number: 09955367)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Grosvenor Homes (Wirral) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P Carlisle
S J Ratcliffe





REGISTERED OFFICE: Charter House
63 Main Street
Frodsham
Cheshire
WA6 7DF





REGISTERED NUMBER: 09955367 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Grosvenor Homes (Wirral) Limited (Registered number: 09955367)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
CURRENT ASSETS
Stocks 2,079,200 988,869
Debtors 4 12,325 21,686
Cash at bank 44,237 728,854
2,135,762 1,739,409
CREDITORS
Amounts falling due within one year 5 1,573,036 1,172,765
NET CURRENT ASSETS 562,726 566,644
TOTAL ASSETS LESS CURRENT
LIABILITIES

562,726

566,644

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 562,724 566,642
562,726 566,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





P Carlisle - Director


Grosvenor Homes (Wirral) Limited (Registered number: 09955367)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Grosvenor Homes (Wirral) Limited 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. ACCOUNTING POLICIES

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

Despite the company making a loss for the year the financial statements have been prepared on a going concern basis as the company will be profitable when the development is sold.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received for property sales excluding value added tax. Turnover is recognised on the completion of the property sale.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Grosvenor Homes (Wirral) Limited (Registered number: 09955367)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,148 1,148
Other debtors 11,177 20,538
12,325 21,686

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 38,891 6,151
Other creditors 1,534,145 1,166,614
1,573,036 1,172,765

6. RELATED PARTY DISCLOSURES

P Carlisle and S J Ratcliffe are also directors of Grosvenor Development North West Limited.

Included in other creditors as at 31st January 2024 is £421,000 (2023 £421,000) owing to Grosvenor Development North West Limited.

S J Ratcliffe is also a director of Steven James Project Management Limited.

Included in other debtors as at 31st January 2024 is £1,843 (2023 £1,843) owing from Steven James Project Management Limited.

These loans are interest free and repayable on demand.