Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-262023-09-262022-09-27truefalseOther letting and operating of own or leased real estate11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02964957 2022-09-27 2023-09-26 02964957 2021-09-27 2022-09-26 02964957 2023-09-26 02964957 2022-09-26 02964957 c:Director1 2022-09-27 2023-09-26 02964957 d:MotorVehicles 2022-09-27 2023-09-26 02964957 d:MotorVehicles 2023-09-26 02964957 d:MotorVehicles 2022-09-26 02964957 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-27 2023-09-26 02964957 d:OfficeEquipment 2022-09-27 2023-09-26 02964957 d:OfficeEquipment 2023-09-26 02964957 d:OfficeEquipment 2022-09-26 02964957 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-27 2023-09-26 02964957 d:OwnedOrFreeholdAssets 2022-09-27 2023-09-26 02964957 d:FreeholdInvestmentProperty 2023-09-26 02964957 d:FreeholdInvestmentProperty 2022-09-26 02964957 d:CurrentFinancialInstruments 2023-09-26 02964957 d:CurrentFinancialInstruments 2022-09-26 02964957 d:Non-currentFinancialInstruments 2023-09-26 02964957 d:Non-currentFinancialInstruments 2022-09-26 02964957 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-26 02964957 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-26 02964957 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-26 02964957 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-26 02964957 d:ShareCapital 2023-09-26 02964957 d:ShareCapital 2022-09-26 02964957 d:RevaluationReserve 2022-09-27 2023-09-26 02964957 d:RevaluationReserve 2023-09-26 02964957 d:RevaluationReserve 2022-09-26 02964957 d:RetainedEarningsAccumulatedLosses 2022-09-27 2023-09-26 02964957 d:RetainedEarningsAccumulatedLosses 2023-09-26 02964957 d:RetainedEarningsAccumulatedLosses 2022-09-26 02964957 c:FRS102 2022-09-27 2023-09-26 02964957 c:AuditExempt-NoAccountantsReport 2022-09-27 2023-09-26 02964957 c:FullAccounts 2022-09-27 2023-09-26 02964957 c:PrivateLimitedCompanyLtd 2022-09-27 2023-09-26 02964957 5 2022-09-27 2023-09-26 02964957 e:PoundSterling 2022-09-27 2023-09-26 iso4217:GBP xbrli:pure

Registered number:  02964957














GROSVENORMOUNT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2023


 
GROSVENORMOUNT LIMITED
REGISTERED NUMBER: 02964957

BALANCE SHEET
AS AT 26 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,182
2,910

Investment property
 5 
3,710,781
3,710,781

  
3,712,963
3,713,691

Current assets
  

Debtors: amounts falling due within one year
 6 
209,632
184,364

Cash at bank and in hand
 7 
2,330
4,588

  
211,962
188,952

Creditors: amounts falling due within one year
 8 
(386,635)
(328,922)

Net current liabilities
  
 
 
(174,673)
 
 
(139,970)

Total assets less current liabilities
  
3,538,290
3,573,721

Creditors: amounts falling due after more than one year
 9 
(2,778,568)
(2,555,170)

  

Net assets
  
759,722
1,018,551

Page 1

 
GROSVENORMOUNT LIMITED
REGISTERED NUMBER: 02964957
    
BALANCE SHEET (CONTINUED)
AS AT 26 SEPTEMBER 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 10 
1,324,723
1,324,723

Profit and loss account
 10 
(565,101)
(306,272)

  
759,722
1,018,551


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




O Hayes
Director

Date: 4 December 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GROSVENORMOUNT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2023

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no.02964957). The address of the registered office is 25 Victoria Street, Liverpool L1 6BD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
GROSVENORMOUNT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance
Office equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
GROSVENORMOUNT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 27 September 2022
18,048
5,000
23,048



At 26 September 2023

18,048
5,000
23,048



Depreciation


At 27 September 2022
15,138
5,000
20,138


Charge for the year on owned assets
728
-
728



At 26 September 2023

15,866
5,000
20,866



Net book value



At 26 September 2023
2,182
-
2,182



At 26 September 2022
2,910
-
2,910

Page 5

 
GROSVENORMOUNT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 27 September 2022
3,710,781



At 26 September 2023
3,710,781

The 2023 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
2,297,952
2,297,952

2,297,952
2,297,952


6.


Debtors

2023
2022
£
£


Trade debtors
8,293
8,293

Other debtors
201,339
176,071

209,632
184,364



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,330
4,588

2,330
4,588


Page 6

 
GROSVENORMOUNT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
48,620
49,897

Other loans
43,421
-

Trade creditors
45,101
45,101

Corporation tax
4,639
4,639

Other taxation and social security
729
729

Other creditors
244,125
228,556

386,635
328,922


The following liabilities were secured:

2023
2022
£
£



Other creditors
244,125
228,556

244,125
228,556

Details of security provided:

Other creditors are secured by a fixed and floating charge over the assets of the company.


9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
2,778,568
2,555,170

2,778,568
2,555,170


The following liabilities were secured:

2023
2022
£
£



Other creditors
2,778,568
2,555,170

2,778,568
2,555,170

Details of security provided:

Other creditors are secured by a fixed and floating charge over the assets of the company.

Page 7

 
GROSVENORMOUNT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2023

10.


Reserves

Revaluation reserve

The revaluation reserve includes all current and prior revaluations in relation to investment property.

Profit and loss account

Retained earnings includes all current and prior period retained profits and losses.


11.


Controlling party

The company is under the control of Mrs O Hayes.

 
Page 8