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Registered number: 07399449

The Ground Rent Firm Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

The Ground Rent Firm Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
DIRECTORS
Iain Benjamin
REGISTERED OFFICE
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07399449
BANKERS
HSBC
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

The Ground Rent Firm Limited

ACCOUNTS
FOR THEYEARENDED30/04/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

The Ground Rent Firm Limited

BALANCE SHEET AT 30/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets22,328404
CURRENT ASSETS
Debtors319,96222,943
Cash at bank and in hand2,141206
22,10323,149
CREDITORS: Amounts falling due within one year413,1798,919
NET CURRENT ASSETS8,92414,230
TOTAL ASSETS LESS CURRENT LIABILITIES11,25214,634
CAPITAL AND RESERVES
Called up share capital6100100
Profit and loss account11,15214,534
SHAREHOLDERS' FUNDS11,25214,634
For the year ending 30/04/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 01/10/2024 and signed on their behalf by
.............................
Iain Benjamin
Director

The Ground Rent Firm Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 33%
1c. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/05/20232,1522,152
Additions3,0883,088
At 30/04/20245,2405,240
Depreciation
At 01/05/20231,7481,748
For the year1,1641,164
At 30/04/20242,9122,912
Net Book Amounts
At 30/04/20242,3282,328
At 30/04/2023404404

The Ground Rent Firm Limited

3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors13,14118,511
VAT2,389-
Prepayments4,4324,432
19,96222,943
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax-1,632
VAT-1,856
PAYE control294457
Trade creditors-2,000
Other creditors3,868482
Accruals600675
4,7627,102
5. EMPLOYEES
20242023
No.No.
Average number of employees11
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
7. CONTROLLING PARTY
The company is controlled by I Benjamin, the director, by virtue of the fact that he holds 100% of the company's issued and called up voting share capital.

The Ground Rent Firm Limited

8. RELATED PARTY TRANSACTIONS
During the period, certain loans were advanced to the company by the director, I. Benjamin. The balance due to I. Benjamin at the period end totalled £3,867 (2023: £480). The loan is interest free and repayable on demand.
During the period, dividends of £1,000 (2023: £12,500) were paid to the director, I. Benjamin.