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Company Registration No. 09574655 (England and Wales)
GROWTH PLACE LIMITED Unaudited accounts for the year ended 31 May 2024
GROWTH PLACE LIMITED Unaudited accounts Contents
Page
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GROWTH PLACE LIMITED Company Information for the year ended 31 May 2024
Director
Adepitan Fadejimi Fakoya
Company Number
09574655 (England and Wales)
Registered Office
69 Tradescant Road Tradescant Road London SW8 1XJ United Kingdom
Accountants
Arthur Hamilton Accountancy 124 City Road London EC1V 2NX
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GROWTH PLACE LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
611 
Current assets
Debtors
6,778 
- 
Cash at bank and in hand
3,449 
1,117 
10,227 
1,117 
Creditors: amounts falling due within one year
(30,385)
(8,495)
Net current liabilities
(20,158)
(7,378)
Total assets less current liabilities
(20,158)
(6,767)
Creditors: amounts falling due after more than one year
- 
(1,110)
Net liabilities
(20,158)
(7,877)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(20,159)
(7,878)
Shareholders' funds
(20,158)
(7,877)
For the year ending 31 May 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 12 December 2024 and were signed on its behalf by
Adepitan Fadejimi Fakoya Director Company Registration No. 09574655
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GROWTH PLACE LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
GROWTH PLACE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09574655. The registered office is 69 Tradescant Road , Tradescant Road, London, SW8 1XJ, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on cost
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2023
3,055 
At 31 May 2024
3,055 
Depreciation
At 1 June 2023
2,444 
Charge for the year
611 
At 31 May 2024
3,055 
Net book value
At 31 May 2024
- 
At 31 May 2023
611 
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GROWTH PLACE LIMITED Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
6,778 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
248 
Loans from directors
30,385 
8,247 
30,385 
8,495 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
1,110 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
1 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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