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REGISTERED NUMBER: 03691312 (England and Wales)











Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Grosvenor Construction (Reading) Limited

Grosvenor Construction (Reading) Limited (Registered number: 03691312)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grosvenor Construction (Reading) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: P G Haestier
Mrs J M Haestier





REGISTERED OFFICE: Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY





REGISTERED NUMBER: 03691312 (England and Wales)





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

Grosvenor Construction (Reading) Limited (Registered number: 03691312)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 535,000 535,000

CURRENT ASSETS
Cash at bank and in hand 17,273 3,351

CREDITORS
Amounts falling due within one year 5 17,816 7,409
NET CURRENT LIABILITIES (543 ) (4,058 )
TOTAL ASSETS LESS CURRENT LIABILITIES 534,457 530,942

CREDITORS
Amounts falling due after more than one
year

6

491,000

511,000
NET ASSETS 43,457 19,942

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 109,765 109,765
Retained earnings (66,408 ) (89,923 )
43,457 19,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 Construction (Reading) Limited (Registered number: 03691312)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





P G Haestier - Director


Grosvenor Construction (Reading) Limited (Registered number: 03691312)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Grosvenor Construction ( Reading ) Limited is a private company, limited by shares, registered in England & Wales.The company's registered number is 03691312. The registered office address is Wyvols Court, Basingstoke Road, Swallowfield, Reading, RG7 1WY. The business address is 5a Albert Road, Caversham, Reading, RG4 7AN..

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Grosvenor Construction (Reading) Limited (Registered number: 03691312)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 March 2023
and 29 February 2024 535,000
NET BOOK VALUE
At 29 February 2024 535,000
At 28 February 2023 535,000

Cost or valuation at 29 February 2024 is represented by:

Land and
buildings
£   
Valuation in 2023 109,765
Cost 425,235
535,000

If investment property had not been revalued it would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 425,235 425,235

Investment property was valued on an open market basis on 29 February 2024 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 7,003 5,784
Other creditors 10,813 1,625
17,816 7,409

Grosvenor Construction (Reading) Limited (Registered number: 03691312)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 200,000
Other creditors 491,000 311,000
491,000 511,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan account 291,000 311,000
Other creditors 200,000 -
491,000 311,000

7. RESERVES
Fair
value
reserve
£   
At 1 March 2023
and 29 February 2024 109,765