Company Registration No. 13646878 (England and Wales)
GRANDE PROPERTIES LTD
Unaudited accounts
for the period from 1 October 2022 to 31 March 2024
GRANDE PROPERTIES LTD
Unaudited accounts
Contents
GRANDE PROPERTIES LTD
Company Information
for the period from 1 October 2022 to 31 March 2024
Company Number
13646878 (England and Wales)
Registered Office
23 HIGH STREET
BASSINGHAM
LINCOLN
LINCOLNSHIRE
LN5 9JZ
UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
GRANDE PROPERTIES LTD
Statement of financial position
as at 31 March 2024
Investment property
134,000
134,000
Cash at bank and in hand
4
1,461
Creditors: amounts falling due within one year
(22,404)
(4,487)
Net current liabilities
(19,850)
(2,926)
Total assets less current liabilities
114,150
131,074
Creditors: amounts falling due after more than one year
(81,238)
(102,157)
Called up share capital
100
100
Capital contribution reserve
30,000
30,000
Profit and loss account
2,812
(1,183)
Shareholders' funds
32,912
28,917
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 August 2024 and were signed on its behalf by
Wayne Blakley
Director
Company Registration No. 13646878
GRANDE PROPERTIES LTD
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2024
GRANDE PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 13646878. The registered office is 23 HIGH STREET, BASSINGHAM, LINCOLN, LINCOLNSHIRE, LN5 9JZ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover/Rental Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 October 2022
134,000
Valuation carried out by Barclays Bank PLC - £134000
No revaluation under accounting standard FRS102 has been carried out on the property as at the accounting period end March 31st 2024.
Amounts falling due within one year
GRANDE PROPERTIES LTD
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2024
6
Creditors: amounts falling due within one year
2024
2022
Bank loans and overdrafts
4,487
4,487
Taxes and social security
660
-
Loans from directors
16,807
-
7
Creditors: amounts falling due after more than one year
2024
2022
Loans from directors
-
16,907
A loan from Barclays Bank PLC has a fixed and floating charge/debenture across all assets of the company including a specific charge on the investment property
111a High Street Lincoln LN5 7PY, registered under the land title number LL347646
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Capital contribution reserve
The director/shareholder has a capital contribution reserve of some £30,000 in place to support the development of the business moving forward.
10
Capital commitments
2024
2022
There are no capital commitments as at the period end.
11
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees
Amount paid and liability incurred
Director Personal Guarantee
85,725
-
A personal guarantee has been given to support the debenture charge provided by the company to Barclays Bank PLC
12
Average number of employees
During the period the average number of employees was 0 (2022: 0).