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Registration number: 03389578

Grantbourne Freeholders Limited

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 December 2023

 

Grantbourne Freeholders Limited

(Registration number: 03389578)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

12,000

12,000

Current assets

 

Debtors

5

4,938

3,910

Cash at bank and in hand

 

8,758

11,169

 

13,696

15,079

Creditors: Amounts falling due within one year

6

(4,339)

(3,933)

Net current assets

 

9,357

11,146

Net assets

 

21,357

23,146

Capital and reserves

 

Called up share capital

9

9

Share premium reserve

12,000

12,000

Maintenance reserve

9,348

11,137

Total equity

 

21,357

23,146

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 10 September 2024 and signed on its behalf by:
 

.........................................
Mr P G Halls-Dickerson
Company secretary and director

 

Grantbourne Freeholders Limited

Statement of Changes in Equity for the Year Ended 31 December 2023

Share capital
£

Share premium
£

Maintenance reserve
£

Income and expenditure account
£

Total
£

At 1 January 2023

9

12,000

11,137

-

23,146

Deficit for the year

-

-

-

(1,789)

(1,789)

Transfers

-

-

(1,789)

1,789

-

At 31 December 2023

9

12,000

9,348

-

21,357

Share capital
£

Share premium
£

Maintenance reserve
£

Income and expenditure account
£

Total
£

At 1 January 2022

9

12,000

9,578

-

21,587

Surplus for the year

-

-

-

1,559

1,559

Transfers

-

-

1,559

(1,559)

-

At 31 December 2022

9

12,000

11,137

-

23,146

 

Grantbourne Freeholders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepares in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents service charges to the leaseholders for the communal costs of the freehold property.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

not depreciated

Maintenance debtors

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

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Other creditors

Short term creditors are measured at the transaction price.

 

Grantbourne Freeholders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

Due to the nature of the company’s activities there were no employees in the current or previous year.

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2023

12,000

12,000

At 31 December 2023

12,000

12,000

Depreciation

Carrying amount

At 31 December 2023

12,000

12,000

At 31 December 2022

12,000

12,000

The company holds the freehold property Grantbourne, Castle Grove Road, Chobham, Surrey.

5

Debtors

2023
£

2022
£

Maintenance debtors

807

430

Prepayments

4,131

3,480

4,938

3,910

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Accruals and deferred income

4,339

3,933