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Registered number: 09881177
Grosvenor London Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09881177
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,950 3,934
Investment Properties 5 625,000 625,000
627,950 628,934
CURRENT ASSETS
Debtors 6 37,935 3,034
Cash at bank and in hand 2,554 229
40,489 3,263
Creditors: Amounts Falling Due Within One Year 7 (89,495 ) (97,808 )
NET CURRENT ASSETS (LIABILITIES) (49,006 ) (94,545 )
TOTAL ASSETS LESS CURRENT LIABILITIES 578,944 534,389
Creditors: Amounts Falling Due After More Than One Year 8 (375,000 ) (340,935 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (41,431 ) (41,431 )
NET ASSETS 162,513 152,023
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 230,936 230,936
Profit and Loss Account (68,523 ) (79,013 )
SHAREHOLDERS' FUNDS 162,513 152,023
Page 1
Page 2
For the year ending 30 November 2023 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
E Feldman
Director
09/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Grosvenor London Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09881177 . The registered office is 32 Byron Hill Road, Harrow On The Hill, Middx, HA2 0HY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rental income.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 2)
3 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2022 18,132
As at 30 November 2023 18,132
Depreciation
As at 1 December 2022 14,198
Provided during the period 984
As at 30 November 2023 15,182
Net Book Value
As at 30 November 2023 2,950
As at 1 December 2022 3,934
5. Investment Property
2023
£
Fair Value
As at 1 December 2022 and 30 November 2023 625,000
Page 3
Page 4
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 3,100 3,034
Other debtors 34,835 -
37,935 3,034
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 119 -
Net wages 842 -
Other creditors 770 -
Other creditors (1) 70,445 -
Accruals and deferred income 1,211 1,951
Directors' loan accounts 16,108 95,857
89,495 97,808
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 375,000 340,935
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation Reserve
£
As at 1 December 2022 230,936
As at 30 November 2023 230,936
Page 4