2023-11-01 02979927 2024-10-31 02979927 2023-11-01 2024-10-31 02979927 2023-10-31 02979927 2022-11-01 2023-10-31 02979927 uk-core:WithinOneYear 2023-10-31 02979927 uk-core:WithinOneYear 2024-10-31 02979927 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 02979927 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 02979927 uk-bus:Director1 2023-11-01 2024-10-31 02979927 uk-bus:Director2 2023-11-01 2024-10-31 02979927 uk-core:WithinOneYear 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure 02979927 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 02979927 uk-bus:FRS102 2023-11-01 2024-10-31 02979927 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 02979927 uk-bus:CompanyLimitedByGuarantee 2023-11-01 2024-10-31
Groundlocal Property Management Limited
Registered Number:02979927
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2024
Groundlocal Property Management Limited
Contents Page
1
Statement of Financial Position
2
Notes to the Financial Statements
3
Registered Number :
02979927
As at 31 October 2024
Groundlocal Property Management Limited
Statement of Financial Position
£
£
2023
2024
Notes
Current assets
8,048
Cash and cash equivalents
11,060
11,060
8,048
Trade and other payables: amounts falling due within
one year
(692)
(833)
2
7,356
10,227
Net current assets
Total assets less current liabilities
10,227
7,356
10,227
Net assets
7,356
Capital and reserves
Retained earnings
10,227
7,356
10,227
7,356
Members' Funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Ms Wendy Nicola Evans Director
Mr Paul Andrew Bedford Director
These financial statements were approved and authorised for issue by the Board on 26 February 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2024
Groundlocal Property Management Limited
Notes to the Financial Statements
Statutory Information
Groundlocal Property Management Limited is a private limited company, limited by guarantee, domiciled
in England and Wales, registration number 02979927.
Registered address:
5 Goshawk Way
Thetford
IP24 3HX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic
of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the
historical costs convention as modified by the revaluation of certain assets.
2. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
33
10
Other creditors
800
682
833
692
Included in other creditors are deposits received from owners in respect of legal fees amounting to £400 (2023: £400)
3. Related party transactions
The company is limited by guarantee and therefore does not have share capital. The members of the
company have undertaken to contribute such amount as may be required (not exceeding £1 each) to the
assets of the company should it be wound up whilst they remain members or within one year of their
ceasing to be members.
As at 31st October 2024 there were 6 members of the company (2023: 5 members)
4. Average number of persons employed
During the year the average number of employees was 0
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