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REGISTERED NUMBER: 06339801 (England and Wales)















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: L C Freilich





SECRETARY: B Grossman





REGISTERED OFFICE: 5 Sentinel Square
Hendon
London
NW4 2EL





REGISTERED NUMBER: 06339801 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
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 4 126,496 126,496

CURRENT ASSETS
Debtors 5 318,791 268,814
Cash at bank 241 463
319,032 269,277
CREDITORS
Amounts falling due within one year 6 (166,806 ) (109,140 )
NET CURRENT ASSETS 152,226 160,137
TOTAL ASSETS LESS CURRENT LIABILITIES 278,722 286,633

CREDITORS
Amounts falling due after more than one year 7 (240,000 ) (260,000 )

PROVISIONS FOR LIABILITIES 9 (5,435 ) (5,435 )
NET ASSETS 33,287 21,198

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 28,605 28,605
Retained earnings 11 4,582 (7,507 )
SHAREHOLDERS' FUNDS 33,287 21,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 December 2023 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 24 September 2024 and were signed by:





L C Freilich - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 126,496
NET BOOK VALUE
At 29 December 2023 126,496
At 30 December 2022 126,496

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 35,328 3,790
Other debtors 283,463 265,024
318,791 268,814

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 30.12.22
£    £   
Amounts owed to group undertakings 126,104 46,801
Taxation and social security 5,838 2,829
Other creditors 34,864 59,510
166,806 109,140

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.12.23 30.12.22
£    £   
Other creditors 240,000 260,000

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 20,000 20,000

Amounts falling due between one and two years:
Other loans - 1-2 years 20,000 20,000

Amounts falling due between two and five years:
Other loans - 2-5 years 60,000 60,000

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 5,435
Balance at 29 December 2023 5,435

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.12.23 30.12.22
value: £    £   
100 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 (7,507 ) 28,605 21,098
Profit for the period 12,089 12,089
At 29 December 2023 4,582 28,605 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.






MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW


24 September 2024