4 4 The Spinney Granville Road Limited 13471822 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is freeholder of property. Digita Accounts Production Advanced 6.30.9574.0 true true 13471822 2023-07-01 2024-06-30 13471822 2024-06-30 13471822 bus:OrdinaryShareClass1 2024-06-30 13471822 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 13471822 core:LandBuildings 2024-06-30 13471822 bus:SmallEntities 2023-07-01 2024-06-30 13471822 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13471822 bus:FilletedAccounts 2023-07-01 2024-06-30 13471822 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13471822 bus:RegisteredOffice 2023-07-01 2024-06-30 13471822 bus:Director1 2023-07-01 2024-06-30 13471822 bus:Director2 2023-07-01 2024-06-30 13471822 bus:Director3 2023-07-01 2024-06-30 13471822 bus:Director4 2023-07-01 2024-06-30 13471822 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 13471822 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13471822 bus:Agent1 2023-07-01 2024-06-30 13471822 core:LandBuildings 2023-07-01 2024-06-30 13471822 countries:England 2023-07-01 2024-06-30 13471822 2023-06-30 13471822 core:LandBuildings 2023-06-30 13471822 2022-07-01 2023-06-30 13471822 2023-06-30 13471822 bus:OrdinaryShareClass1 2023-06-30 13471822 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 13471822 core:LandBuildings 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 13471822

The Spinney Granville Road Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

The Spinney Granville Road Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

The Spinney Granville Road Limited

Company Information

Directors

Mr D A Welch

Mr C N Bhudia

Mr M Lafferty

Mr J Sitwell

Registered office

2 The Spinney
Granville Road
London
N12 0HR

Accountants

Keano Services Limited

 

The Spinney Granville Road Limited

(Registration number: 13471822)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

105,000

105,000

Current assets

 

Cash at bank and in hand

 

81

137

Creditors: Amounts falling due within one year

5

(117,222)

(114,344)

Net current liabilities

 

(117,141)

(114,207)

Net liabilities

 

(12,141)

(9,207)

Capital and reserves

 

Called up share capital

6

4

2

Retained earnings

(12,145)

(9,209)

Shareholders' deficit

 

(12,141)

(9,207)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 February 2025 and signed on its behalf by:
 

.........................................
Mr D A Welch
Director

.........................................
Mr C N Bhudia
Director

 

The Spinney Granville Road Limited

(Registration number: 13471822)
Balance Sheet as at 30 June 2024

.........................................
Mr M Lafferty
Director

.........................................
Mr J Sitwell
Director

 

The Spinney Granville Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
2 The Spinney
Granville Road
London
N12 0HR

These financial statements were authorised for issue by the Board on 11 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

The Spinney Granville Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Asset class

Depreciation method and rate

Freehold property

No depreciation charged

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2023

105,000

105,000

At 30 June 2024

105,000

105,000

Depreciation

Carrying amount

At 30 June 2024

105,000

105,000

At 30 June 2023

105,000

105,000

Included within the net book value of land and buildings above is £105,000 (2023 - £105,000) in respect of freehold land and buildings.
 

 

The Spinney Granville Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

400

400

Other creditors

116,822

113,944

117,222

114,344

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

4

4

2

2