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REGISTERED NUMBER: 11726273 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024

FOR

GROSVENOR VILLAS LTD

GROSVENOR VILLAS LTD (REGISTERED NUMBER: 11726273)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1st January 2023 to 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GROSVENOR VILLAS LTD

COMPANY INFORMATION
for the Period 1st January 2023 to 31st March 2024







DIRECTORS: Mr M B Cohen
Mrs L Cohen





REGISTERED OFFICE: Plot 0
James Nasmyth Way
Eccles
Manchester
M30 0SF





REGISTERED NUMBER: 11726273 (England and Wales)






GROSVENOR VILLAS LTD (REGISTERED NUMBER: 11726273)

BALANCE SHEET
31st March 2024

2024 2022
Notes £    £   
FIXED ASSETS
Investment property 4 1,131,718 -

CURRENT ASSETS
Debtors 5 82,900 82,901
Cash at bank 6,695 28,575
89,595 111,476
CREDITORS
Amounts falling due within one year 6 (993,306 ) (29,067 )
NET CURRENT (LIABILITIES)/ASSETS (903,711 ) 82,409
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,007

82,409

CREDITORS
Amounts falling due after more than one
year

7

(6,803

)

(12,802

)

PROVISIONS FOR LIABILITIES (61,070 ) -
NET ASSETS 160,134 69,607

CAPITAL AND RESERVES
Called up share capital 8 1 1
Fair value reserve 9 183,210 -
Retained earnings 9 (23,077 ) 69,606
SHAREHOLDERS' FUNDS 160,134 69,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GROSVENOR VILLAS LTD (REGISTERED NUMBER: 11726273)

BALANCE SHEET - continued
31st March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th October 2024 and were signed on its behalf by:





Mr M B Cohen - Director


GROSVENOR VILLAS LTD (REGISTERED NUMBER: 11726273)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1st January 2023 to 31st March 2024


1. STATUTORY INFORMATION

Grosvenor Villas Ltd is a private company limited by share capital, incorporated in England & Wales registration number 11726273. The address of the principal place of business and the registered office is Plot 0, James Nasmyth Way, Eccles, Manchester, M30 0SF.

2. ACCOUNTING POLICIES

Going concern
The concept of going concern is an underlying assumption in the production of financial statements. As there are considerable net liabilities there is a question mark over going concern. Although there is no formal
agreement in place the directors has indicated they will continue to provide financial support to the company
for at least the next 12 months.

Turnover
Turnover represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of the provision of vehicle refinisher services, which are recognised at the point of which the services are provided.

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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise of cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

GROSVENOR VILLAS LTD (REGISTERED NUMBER: 11726273)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1st January 2023 to 31st March 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 887,437
Revaluations 244,281
At 31st March 2024 1,131,718
NET BOOK VALUE
At 31st March 2024 1,131,718

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2024 244,281
Cost 887,437
1,131,718

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Other debtors 82,900 82,901

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 4,800 4,800
Trade creditors 2 407
Taxation and social security 129 22,385
Other creditors 988,375 1,475
993,306 29,067

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£    £   
Bank loans 6,803 12,802

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2022
value: £    £   
1 Share capital 1 1 1 1

GROSVENOR VILLAS LTD (REGISTERED NUMBER: 11726273)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1st January 2023 to 31st March 2024


9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st January 2023 69,606 - 69,606
Profit for the period 90,527 90,527
Transfer between reserves (183,210 ) 183,210 -
At 31st March 2024 (23,077 ) 183,210 160,133

10. RELATED PARTY DISCLOSURES

Included in other debtors are loans due from companies under common control, amounting to: £ 82,900 (2023: £82,900).