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REGISTERED NUMBER: 04802691 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

GROSVENOR CREDIT MANAGEMENT &
INVESTIGATIONS LIMITED

GROSVENOR CREDIT MANAGEMENT &
INVESTIGATIONS LIMITED (REGISTERED NUMBER: 04802691)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GROSVENOR CREDIT MANAGEMENT &
INVESTIGATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: B J Lee
D A Rawlins
N D W Horton





REGISTERED OFFICE: Cobb House
2-4 Oyster Lane
West Byfleet
Surrey
KT14 7DU





REGISTERED NUMBER: 04802691 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

GROSVENOR CREDIT MANAGEMENT &
INVESTIGATIONS LIMITED (REGISTERED NUMBER: 04802691)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,687 18,230
Tangible assets 5 338,887 61,304
349,574 79,534

CURRENT ASSETS
Debtors 6 673,184 993,030
Cash at bank and in hand 319,652 631,915
992,836 1,624,945
CREDITORS
Amounts falling due within one year 7 410,421 335,922
NET CURRENT ASSETS 582,415 1,289,023
TOTAL ASSETS LESS CURRENT LIABILITIES 931,989 1,368,557

CREDITORS
Amounts falling due after more than one year 8 (200,067 ) (223,692 )

PROVISIONS FOR LIABILITIES 9 (81,565 ) (11,610 )
NET ASSETS 650,357 1,133,255

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 650,353 1,133,251
SHAREHOLDERS' FUNDS 650,357 1,133,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 profit or loss 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.

GROSVENOR CREDIT MANAGEMENT &
INVESTIGATIONS LIMITED (REGISTERED NUMBER: 04802691)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 28 August 2024 and were signed on its behalf by:





B J Lee - Director


GROSVENOR CREDIT MANAGEMENT &
INVESTIGATIONS LIMITED (REGISTERED NUMBER: 04802691)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Grosvenor Credit Management & Investigations Limited is a private company, limited by shares , 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 represents income from vehicle repossessions, tracing and process serving. Revenue is recognised at the date of invoicing for the service provided and represents the amount receivable net of VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

GROSVENOR CREDIT MANAGEMENT &
INVESTIGATIONS LIMITED (REGISTERED NUMBER: 04802691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 49,055
AMORTISATION
At 1 December 2022 30,825
Charge for year 7,543
At 30 November 2023 38,368
NET BOOK VALUE
At 30 November 2023 10,687
At 30 November 2022 18,230

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 114,801
Additions 310,463
At 30 November 2023 425,264
DEPRECIATION
At 1 December 2022 53,497
Charge for year 32,880
At 30 November 2023 86,377
NET BOOK VALUE
At 30 November 2023 338,887
At 30 November 2022 61,304

GROSVENOR CREDIT MANAGEMENT &
INVESTIGATIONS LIMITED (REGISTERED NUMBER: 04802691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 266,690
At 30 November 2023 266,690
DEPRECIATION
Charge for year 15,533
At 30 November 2023 15,533
NET BOOK VALUE
At 30 November 2023 251,157

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 544,049 433,056
Amounts owed by group undertakings 79,111 425,000
Other debtors 50,024 134,974
673,184 993,030

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts - 33,808
Hire purchase contracts 58,845 -
Trade creditors 129,139 85,443
Taxation and social security 202,002 198,656
Other creditors 20,435 18,015
410,421 335,922

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 223,692
Hire purchase contracts 200,067 -
200,067 223,692

GROSVENOR CREDIT MANAGEMENT &
INVESTIGATIONS LIMITED (REGISTERED NUMBER: 04802691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 81,565 11,610

Deferred
tax
£   
Balance at 1 December 2022 11,610
Provided during year 69,955
Balance at 30 November 2023 81,565

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
4 Ordinary £1.00 4 4

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Director
Balance outstanding at start of year 77,509 52,310
Amounts advanced 892 102,199
Amounts repaid (77,509 ) (77,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 892 77,509

Interest has been charged on the loan to the director at a rate of 2.0% per annum.

12. PARENT COMPANY

The immediate and ultimate parent company is GCMI Holdco Limited, a company registered in England and Wales.

These accounts present information about the company as an individual undertaking. Group accounts are not prepared because the group qualifies as a small group.