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REGISTERED NUMBER: 04579369 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 June 2024

for

32 GROSVENOR GARDENS LIMITED

32 GROSVENOR GARDENS LIMITED (REGISTERED NUMBER: 04579369)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


32 GROSVENOR GARDENS LIMITED

Company Information
for the year ended 30 June 2024







DIRECTORS: S J Southall
Mrs C R Verhoef





SECRETARY: Springfield Secretaries Limited





REGISTERED OFFICE: Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ





REGISTERED NUMBER: 04579369 (England and Wales)





ACCOUNTANTS: Trevor Jones & Partners Ltd
Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ

32 GROSVENOR GARDENS LIMITED (REGISTERED NUMBER: 04579369)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,105,836 4,105,836

CURRENT ASSETS
Debtors 5 22,140 21,633
Cash at bank 30,975 33,302
53,115 54,935
CREDITORS
Amounts falling due within one year 6 3,081,158 2,735,421
NET CURRENT LIABILITIES (3,028,043 ) (2,680,486 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,077,793

1,425,350

CREDITORS
Amounts falling due after more than one
year

7

-

199,375
NET ASSETS 1,077,793 1,225,975

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Revaluation reserve 9 501,583 501,583
Retained earnings 476,210 624,392
SHAREHOLDERS' FUNDS 1,077,793 1,225,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

32 GROSVENOR GARDENS LIMITED (REGISTERED NUMBER: 04579369)

Balance Sheet - continued
30 June 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 14 March 2025 and were signed on its behalf by:





S J Southall - Director


32 GROSVENOR GARDENS LIMITED (REGISTERED NUMBER: 04579369)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

32 Grosvenor Gardens Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable from property investments.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Depreciation has not been provided on the company's leasehold investment property as the leasehold expires after more than 50 years. The director is also of the opinion that its market value is at least equal to the value stated in the accounts.

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).

32 GROSVENOR GARDENS LIMITED (REGISTERED NUMBER: 04579369)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 4,105,836
NET BOOK VALUE
At 30 June 2024 4,105,836
At 30 June 2023 4,105,836

Cost or valuation at 30 June 2024 is represented by:

Land and
buildings
£   
Valuation in 2006 501,583
Cost 3,604,253
4,105,836

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 22,140 21,633

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,440,000 2,515,000
Trade creditors 206,210 77,477
Tax 24,176 24,176
Other creditors 315,763 63,703
Accruals & deferred income 95,009 55,065
3,081,158 2,735,421

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 199,375

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,440,000 2,515,000

32 GROSVENOR GARDENS LIMITED (REGISTERED NUMBER: 04579369)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 501,583

10. ULTIMATE CONTROLLING PARTY

It is of the Directors' opinion that there is no ultimate controlling party.