Silverfin false 31/10/2022 01/11/2021 31/10/2022 Nicholas Raymond Chapman 13/10/2020 23 February 2024 The principal activity of the Company during the financial period was the buying and selling of real estate. 12945674 2022-10-31 12945674 bus:Director1 2022-10-31 12945674 core:CurrentFinancialInstruments 2022-10-31 12945674 core:CurrentFinancialInstruments 2021-10-31 12945674 2021-10-31 12945674 core:ShareCapital 2022-10-31 12945674 core:ShareCapital 2021-10-31 12945674 core:RetainedEarningsAccumulatedLosses 2022-10-31 12945674 core:RetainedEarningsAccumulatedLosses 2021-10-31 12945674 bus:OrdinaryShareClass1 2022-10-31 12945674 bus:OrdinaryShareClass2 2022-10-31 12945674 2021-11-01 2022-10-31 12945674 bus:FullAccounts 2021-11-01 2022-10-31 12945674 bus:SmallEntities 2021-11-01 2022-10-31 12945674 bus:AuditExemptWithAccountantsReport 2021-11-01 2022-10-31 12945674 bus:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 12945674 bus:Director1 2021-11-01 2022-10-31 12945674 2020-10-13 2021-10-31 12945674 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 12945674 bus:OrdinaryShareClass1 2020-10-13 2021-10-31 12945674 bus:OrdinaryShareClass2 2021-11-01 2022-10-31 12945674 bus:OrdinaryShareClass2 2020-10-13 2021-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12945674 (England and Wales)

GRAPEVINE PROPERTY INVESTMENTS 12 LIMITED

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

GRAPEVINE PROPERTY INVESTMENTS 12 LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2022

Contents

GRAPEVINE PROPERTY INVESTMENTS 12 LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 October 2022
GRAPEVINE PROPERTY INVESTMENTS 12 LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2022
31.10.2022 31.10.2021
£ £
Current assets
Debtors 3 836,316 3,598,669
836,316 3,598,669
Creditors: amounts falling due within one year 4 ( 260,889) ( 3,064,315)
Net current assets 575,427 534,354
Total assets less current liabilities 575,427 534,354
Net assets 575,427 534,354
Capital and reserves
Called-up share capital 5 3 3
Profit and loss account 575,424 534,351
Total shareholders' funds 575,427 534,354

For the financial year ending 31 October 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 12 Limited (registered number: 12945674) were approved and authorised for issue by the Director on 23 February 2024. They were signed on its behalf by:

Nicholas Raymond Chapman
Director
GRAPEVINE PROPERTY INVESTMENTS 12 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2022
GRAPEVINE PROPERTY INVESTMENTS 12 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 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 12 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.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

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

2. Employees

Year ended
31.10.2022
Period from
13.10.2020 to
31.10.2021
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

31.10.2022 31.10.2021
£ £
Amounts owed by Group undertakings 1 1
Accrued income 0 693,736
Other debtors 836,315 2,904,932
836,316 3,598,669

4. Creditors: amounts falling due within one year

31.10.2022 31.10.2021
£ £
Accruals 169,193 2,938,195
Taxation and social security 91,696 126,120
260,889 3,064,315

5. Called-up share capital

31.10.2022 31.10.2021
£ £
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