Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truemanagement of the property, 17 Grosvenor Square, London.2023-01-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.66true 00665102 2023-01-01 2023-12-31 00665102 2022-01-01 2022-12-31 00665102 2023-12-31 00665102 2022-12-31 00665102 c:Director4 2023-01-01 2023-12-31 00665102 d:CurrentFinancialInstruments 2023-12-31 00665102 d:CurrentFinancialInstruments 2022-12-31 00665102 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00665102 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00665102 d:ShareCapital 2023-12-31 00665102 d:ShareCapital 2022-12-31 00665102 d:RetainedEarningsAccumulatedLosses 2023-12-31 00665102 d:RetainedEarningsAccumulatedLosses 2022-12-31 00665102 c:OrdinaryShareClass1 2023-01-01 2023-12-31 00665102 c:OrdinaryShareClass1 2023-12-31 00665102 c:OrdinaryShareClass1 2022-12-31 00665102 c:FRS102 2023-01-01 2023-12-31 00665102 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00665102 c:FullAccounts 2023-01-01 2023-12-31 00665102 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 00665102














SEVENTEEN GROSVENOR SQUARE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
SEVENTEEN GROSVENOR SQUARE LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 3


 
SEVENTEEN GROSVENOR SQUARE LIMITED
REGISTERED NUMBER:00665102

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
4,157
3,520

Creditors: amounts falling due within one year
 5 
(4,157)
(3,520)

  

Net assets
  
-
-


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(100)
(100)

  
-
-


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Y Gill
Director

Date: 5 August 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
SEVENTEEN GROSVENOR SQUARE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Seventeen Grosvenor Square Limited is a limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The principal activity of the company continued to be that of the management of the property, 17 Grosvenor Square, London.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised by the company in respect of  rents receivable for the year.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.4

Creditors

Short term creditors are measured at the transaction price.


3.


Employees




The average monthly number of employees, including directors, during the year was 6 (2022 - 6).


4.


Debtors

2023
2022
£
£


Amounts owed by associated undertakings
3,887
3,250

Prepayments
270
270

4,157
3,520


Page 2

 
SEVENTEEN GROSVENOR SQUARE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
4,157
3,520



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



7.


Related party transactions

The company contributed its net income of £28,136 (2022 - £26,077) to the Service Charge account, which is held on trust for the tenants.
Included in turnover is £19,470 (2022 - £19,470) relating to rents receivable from the directors on the same basis as the other tenants.
At the year end the company is owed £3,887 (2022 - £3,250) from the lessees relating to the service charge account.

 
Page 3