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REGISTERED NUMBER: SC323533 (Scotland)




















Edinburgh Grosvenor Gardens Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024






Edinburgh Grosvenor Gardens Limited (Registered number: SC323533)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Edinburgh Grosvenor Gardens Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mrs B C Chan



SECRETARY: Dr D S L Chan



REGISTERED OFFICE: 1 Grosvenor Gardens
Edinburgh
EH12 5JU



REGISTERED NUMBER: SC323533 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Santander
Santander Business Banking Operations
Sunderland
SR43 4FW

Edinburgh Grosvenor Gardens Limited (Registered number: SC323533)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 1,928 2,362
Cash at bank 88,939 90,269
90,867 92,631
CREDITORS
Amounts falling due within one year 5 1,113 1,536
NET CURRENT ASSETS 89,754 91,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,754

91,095

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 89,654 90,995
SHAREHOLDERS' FUNDS 89,754 91,095

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

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

The director acknowledges her 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.

Edinburgh Grosvenor Gardens Limited (Registered number: SC323533)

Balance Sheet - continued
31 May 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 director and authorised for issue on 6 December 2024 and were signed by:





Mrs B C Chan - Director


Edinburgh Grosvenor Gardens Limited (Registered number: SC323533)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Edinburgh Grosvenor Gardens Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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).

Edinburgh Grosvenor Gardens Limited (Registered number: SC323533)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,928 2,362

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,113 1,536

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mrs B C Chan
Balance outstanding at start of year 2,362 (2,613 )
Amounts advanced 4,018 52,723
Amounts repaid (4,452 ) (47,748 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,928 2,362

No interest was charged on the outstanding balance due from the director and the balance was fully repaid within 9 months after year end.