REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
31 DECEMBER 2022 TO 29 DECEMBER 2023 |
FOR |
GROUND RENT TRADING (LIVERPOOL) LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
31 DECEMBER 2022 TO 29 DECEMBER 2023 |
FOR |
GROUND RENT TRADING (LIVERPOOL) LIMITED |
GROUND RENT TRADING (LIVERPOOL) LIMITED (REGISTERED NUMBER: 06339801) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Accountants' Report | 9 |
GROUND RENT TRADING (LIVERPOOL) LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Russell House |
140 High Street |
Edgware |
HA8 7LW |
GROUND RENT TRADING (LIVERPOOL) LIMITED (REGISTERED NUMBER: 06339801) |
BALANCE SHEET |
29 DECEMBER 2023 |
29.12.23 | 30.12.22 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Fair value reserve | 11 |
Retained earnings | 11 | ( |
) |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
GROUND RENT TRADING (LIVERPOOL) LIMITED (REGISTERED NUMBER: 06339801) |
BALANCE SHEET - continued |
29 DECEMBER 2023 |
The financial statements were approved by the director and authorised for issue on |
GROUND RENT TRADING (LIVERPOOL) LIMITED (REGISTERED NUMBER: 06339801) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Ground Rent Trading (Liverpool) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents invoiced ground rents on investment properties and insurance commissions received. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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. |
Cash and cash equivalent |
Cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less. |
Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
Provisions |
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event. It is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2022 - NIL). |
GROUND RENT TRADING (LIVERPOOL) LIMITED (REGISTERED NUMBER: 06339801) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 31 December 2022 |
and 29 December 2023 |
NET BOOK VALUE |
At 29 December 2023 |
At 30 December 2022 |
Fair value at 29 December 2023 is represented by: |
£ |
Valuation in 2020 | 126,496 |
Investment property was valued on fair value basis on 30 December 2023 by the director . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.12.23 | 30.12.22 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.12.23 | 30.12.22 |
£ | £ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.12.23 | 30.12.22 |
£ | £ |
Other creditors |
Amounts falling due in more than five years: |
Repayable by instalments |
Other loans more 5yrs instal | 160,000 | 180,000 |
GROUND RENT TRADING (LIVERPOOL) LIMITED (REGISTERED NUMBER: 06339801) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023 |
8. | LOANS |
An analysis of the maturity of loans is given below: |
29.12.23 | 30.12.22 |
£ | £ |
Amounts falling due within one year or on demand: |
Other loans |
Amounts falling due between one and two years: |
Other loans - 1-2 years | 20,000 |
Amounts falling due between two and five years: |
Other loans - 2-5 years |
Amounts falling due in more than five years: |
Repayable by instalments |
Other loans more 5yrs instal | 160,000 | 180,000 |
9. | PROVISIONS FOR LIABILITIES |
29.12.23 | 30.12.22 |
£ | £ |
Deferred tax | 5,435 | 5,435 |
Deferred |
tax |
£ |
Balance at 31 December 2022 |
Balance at 29 December 2023 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 29.12.23 | 30.12.22 |
value: | £ | £ |
Ordinary shares | 1 | 100 | 100 |
GROUND RENT TRADING (LIVERPOOL) LIMITED (REGISTERED NUMBER: 06339801) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023 |
11. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
At 31 December 2022 | ( |
) | 21,098 |
Profit for the period |
At 29 December 2023 | 33,187 |
12. | RELATED PARTY DISCLOSURES |
L C Freilich |
A director of the company |
Included in other creditors are loan notes of £130,000 (2022: £140,000) due to Mr L C Freilich. During the year net interest of £NIL (2022: £1,161) relating to Mr L C Freilich arises on these loan notes. |
29.12.23 | 30.12.22 |
£ | £ |
Amount due to related party at the balance sheet date | 130,000 | 140,000 |
Mrs S Freilich |
A close family member of the director |
Included in other creditors are loan notes of £130,000 (2022: £140,000) due to Mrs S Freilich. During the year net interest of £NIL (2022: £1,161) relating to Mrs S Freilich arises on these loan notes. |
29.12.23 | 30.12.22 |
£ | £ |
Amount due to related party at the balance sheet date | 130,000 | 140,000 |
Moreland Property Group Ltd |
Parent Company |
This amount is payable on demand. |
29.12.23 | 30.12.22 |
£ | £ |
Amount due to related party at the balance sheet date | 96,104 | 46,801 |
GROUND RENT TRADING (LIVERPOOL) LIMITED (REGISTERED NUMBER: 06339801) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023 |
12. | RELATED PARTY DISCLOSURES - continued |
MP Group Services Limited |
A company under common control |
This amount is payable on demand. |
29.12.23 | 30.12.22 |
£ | £ |
Amount due from related party at the balance sheet date | 202,060 | 212,060 |
13. | ULTIMATE PARENT COMPANY |
The Moreland Property Group is regarded by the director as being the ultimate parent company. |
ULTIMATE CONTROLLING PARTY |
The director considers the ultimate controlling party of the company to be the board of the Moreland Property Group Limited. |
ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
GROUND RENT TRADING (LIVERPOOL) LIMITED |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ground Rent Trading (Liverpool) Limited for the period ended 29 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of Ground Rent Trading (Liverpool) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ground Rent Trading (Liverpool) Limited and state those matters that we have agreed to state to the director of Ground Rent Trading (Liverpool) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ground Rent Trading (Liverpool) Limited and its director for our work or for this report. |
It is your duty to ensure that Ground Rent Trading (Liverpool) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ground Rent Trading (Liverpool) Limited. You consider that Ground Rent Trading (Liverpool) Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Ground Rent Trading (Liverpool) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
Russell House |
140 High Street |
Edgware |
HA8 7LW |