Company No:
Contents
Note | 31.10.2022 | 31.10.2021 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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15,018 | 12 | |||
Current assets | ||||
Debtors | 4 |
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5,378,196 | 2,481,187 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 1,378,618 | 30,628 | ||
Total assets less current liabilities | 1,393,636 | 30,640 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 6 |
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Profit and loss account |
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Total shareholders' funds |
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Director's responsibilities:
The financial statements of Grapevine Property Holdings Ltd (registered number:
Nicholas Raymond Chapman
Director |
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.
Grapevine Property Holdings Ltd (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 £.
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.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
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.
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.
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.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Year ended 31.10.2022 |
Period from 21.10.2020 to 31.10.2021 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Investments in subsidiaries
31.10.2022 | |
£ | |
Cost | |
At 01 November 2021 |
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Additions |
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Disposals | (
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At 31 October 2022 |
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Carrying value at 31 October 2022 |
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Carrying value at 31 October 2021 |
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Investments in joint ventures | Total | ||
£ | £ | ||
Carrying value before impairment | |||
At 01 November 2021 |
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Additions |
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At 31 October 2022 |
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Provisions for impairment | |||
At 01 November 2021 |
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At 31 October 2022 |
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Carrying value at 31 October 2022 |
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Carrying value at 31 October 2021 |
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31.10.2022 | 31.10.2021 | ||
£ | £ | ||
Amounts owed by Group undertakings |
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Amounts owed by joint ventures |
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Amounts owed by director |
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Other debtors |
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31.10.2022 | 31.10.2021 | ||
£ | £ | ||
Amounts owed to own subsidiaries |
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Amounts owed to joint ventures |
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Accruals |
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Taxation and social security |
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Other creditors |
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31.10.2022 | 31.10.2021 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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104 | 104 |
Transactions with the entity's director
31.10.2022 | 31.10.2021 | ||
£ | £ | ||
Amounts owed by a director | 2,746,994 | 1,872,594 |
Interest is charged on overdrawn balances at 2% and there are no fixed repayment terms.