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Company Registration No. 07908361 (England and Wales)
Grosvenor Residential Lettings Ltd Unaudited accounts for the year ended 31 January 2024
Grosvenor Residential Lettings Ltd Unaudited accounts Contents
Page
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Grosvenor Residential Lettings Ltd Company Information for the year ended 31 January 2024
Director
Nicola Jane Adlam
Company Number
07908361 (England and Wales)
Registered Office
11 Berkeley Mews 29 High Street Cheltenham GL50 1DY England
Accountants
Next Level Accountants Limited 35 Goddard Way Tuffley Gloucester Gloucestershire GL4 0YA
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Grosvenor Residential Lettings Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
697 
Current assets
Debtors
18,527 
27,068 
Cash at bank and in hand
25,925 
3,484 
44,452 
30,552 
Creditors: amounts falling due within one year
(7,487)
(7,243)
Net current assets
36,965 
23,309 
Total assets less current liabilities
36,965 
24,006 
Creditors: amounts falling due after more than one year
(32,351)
(11,334)
Net assets
4,614 
12,672 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
4,613 
12,671 
Shareholders' funds
4,614 
12,672 
For the year ending 31 January 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 her 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 September 2024 and were signed on its behalf by
Nicola Jane Adlam Director Company Registration No. 07908361
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Grosvenor Residential Lettings Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Grosvenor Residential Lettings Ltd is a private company, limited by shares, registered in England and Wales, registration number 07908361. The registered office is 11 Berkeley Mews, 29 High Street, Cheltenham, GL50 1DY, England.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
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Grosvenor Residential Lettings Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
9,301 
680 
2,300 
12,281 
Disposals
- 
(680)
- 
(680)
At 31 January 2024
9,301 
- 
2,300 
11,601 
Depreciation
At 1 February 2023
8,659 
680 
2,245 
11,584 
Charge for the year
642 
- 
55 
697 
On disposals
- 
(680)
- 
(680)
At 31 January 2024
9,301 
- 
2,300 
11,601 
Net book value
At 31 January 2024
- 
- 
- 
- 
At 31 January 2023
642 
- 
55 
697 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
548 
580 
Other debtors
17,979 
26,488 
18,527 
27,068 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,000 
4,000 
Taxes and social security
2,187 
1,301 
Accruals
1,300 
1,942 
7,487 
7,243 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,298 
11,334 
Other creditors
24,053 
- 
32,351 
11,334 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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