Company Registration No. 13517301 (England and Wales)
Grow Properties Ltd
Unaudited accounts
for the year ended 31 July 2024
Grow Properties Ltd
Unaudited accounts
Contents
Grow Properties Ltd
Company Information
for the year ended 31 July 2024
Company Number
13517301 (England and Wales)
Registered Office
112 Marlborough Road
Slough
Berkshire
SL3 7JY
England
Grow Properties Ltd
Statement of financial position
as at 31 July 2024
Investment property
1,157,184
1,157,184
Cash at bank and in hand
9,325
17,230
Creditors: amounts falling due within one year
(512,914)
(457,163)
Net current liabilities
(503,589)
(439,933)
Total assets less current liabilities
653,595
717,251
Creditors: amounts falling due after more than one year
(630,725)
(716,007)
Called up share capital
2
2
Profit and loss account
22,868
1,242
Shareholders' funds
22,870
1,244
For the year ending 31 July 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 his 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 28 November 2024 and were signed on its behalf by
Kamal GULATI
Director
Company Registration No. 13517301
Grow Properties Ltd
Notes to the Accounts
for the year ended 31 July 2024
Grow Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13517301. The registered office is 112 Marlborough Road, Slough, Berkshire, SL3 7JY, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 August 2023
1,157,184
4 properties valued at original cost basis at £1,157,184
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
28,640
-
Taxes and social security
5,307
1,230
Loans from directors
472,106
455,383
A. Mortgage instalments due at £28,640 in less than a year.
B. 4 Properties of £1,157,184 mortgaged.
C. No security for loans from Directors.
D. Deposits held from tenants of 4 properties at £6,511.
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
630,725
716,007
Aggregate of amounts that fall due for payment after five years
516,164
686,619
4 Properties of £1,157,184 mortgaged against loans of £630,725.
Grow Properties Ltd
Notes to the Accounts
for the year ended 31 July 2024
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).