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Registration number: 07278632

Grosvenor International Partners Ltd

Annual Report and

Unaudited Financial Statements


for the Year Ended 31 March 2024

 

Grosvenor International Partners Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

Grosvenor International Partners Ltd

Company Information

Director

Mr D N Walters

Registered office

Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Bankers

HSBC Bank plc
60 Queen Victoria Street
London
EC4N 4TR

 

Accountants

W J James & Co
Chartered Accountants
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Grosvenor International Partners Ltd

(Registration number: 07278632)

Balance Sheet
as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

6

76,006

Cash at bank and in hand

 

48,862

162

 

48,868

76,168

Creditors: Amounts falling due within one year

5

(13,531)

(27,302)

Net assets

 

35,337

48,866

Capital and reserves

 

Called up share capital

6

6

Profit and loss account

35,331

48,860

Total equity

 

35,337

48,866

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

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 Profit and Loss Account has been taken.

Approved and authorised by the director on 26 September 2024
 

.........................................

Mr D N Walters

Director

 

Grosvenor International Partners Ltd

Notes to the Financial Statements
for the Year Ended 31 March 2024

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:
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG
Wales

The principal place of business is:
Trewen
3 Glannoney Gardens
Llangattock
Crickhowell
Powys
NP8 1HQ
Wales

These financial statements were authorised for issue by the director on 26 September 2024.

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.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

Revenue recognition

Turnover represents fees charged for executive search assignments successfully completed by the company, stated net of Value Added Tax. Revenue is recognised on completion of the assignment when the subject of the assignment has commenced employment with the client company.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Tax

The tax expense for the period comprises of current tax and it is recognised in profit or loss.

 

Grosvenor International Partners Ltd

Notes to the Financial Statements
for the Year Ended 31 March 2024

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from executive search assignments successfully completed.

Trade debtors are recognised at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received .

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

2024
£

2023
£

Trade debtors

-

76,000

Other debtors

6

6

6

76,006

 

Grosvenor International Partners Ltd

Notes to the Financial Statements
for the Year Ended 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

8,691

12,477

Accruals and deferred income

1,594

1,978

Other creditors

3,246

12,847

13,531

27,302