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REGISTERED NUMBER: 02330876 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Grosvenor (Southfield) Management Ltd

Grosvenor (Southfield) Management Ltd (Registered number: 02330876)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Grosvenor (Southfield) Management Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: K P De Lara
D A Matthews





SECRETARY: Velocity Company Secretarial Services





REGISTERED OFFICE: Narrow Quay House
Narrow Quay
Bristol
BS1 4QA





REGISTERED NUMBER: 02330876 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Grosvenor (Southfield) Management Ltd (Registered number: 02330876)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 6,820 354
Cash at bank 23,533 21,895
30,353 22,249
CREDITORS
Amounts falling due within one year 5 3,248 2,769
NET CURRENT ASSETS 27,105 19,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,105

19,480

RESERVES
Income and expenditure account 6 27,105 19,480
27,105 19,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 surplus or deficit 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 26 March 2024 and were signed on its behalf by:




K P De Lara - Director



D A Matthews - Director


Grosvenor (Southfield) Management Ltd (Registered number: 02330876)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Grosvenor (Southfield) Management Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2023 nor for the year ended 31 December 2022.

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 (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Service charge arrears 486 -
Prepayments 6,334 354
6,820 354

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Advance service charges - 77
Accrued expenses 3,248 2,692
3,248 2,769

Grosvenor (Southfield) Management Ltd (Registered number: 02330876)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. RESERVES
Income
and
expenditure
account
£   

At 1 January 2023 19,480
Surplus for the year 7,625
At 31 December 2023 27,105

7. COMPANY LIMITED BY GUARANTEE

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.