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REGISTERED NUMBER: 13475709 (England and Wales)






Unaudited Financial Statements for the Year Ended 30 June 2024

for

Grosvenor Property Ltd

Grosvenor Property Ltd (Registered number: 13475709)






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


Grosvenor Property Ltd

Company Information
for the Year Ended 30 June 2024







Directors: Dr J M T Dean
Dr H Thorsteinsson





Registered office: 4 Park Avenue
New Street
Shrewsbury
Shropshire
SY3 8JG





Registered number: 13475709 (England and Wales)





Accountants: Ridgway and Company
The Office,
Ffordd Pentre Bach,
Nercwys.
Mold
Flintshire
CH7 4EG

Grosvenor Property Ltd (Registered number: 13475709)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 285,738 287,302

CURRENT ASSETS
Debtors 5 5,824 2,164
Cash at bank 2,015 1,558
7,839 3,722
CREDITORS
Amounts falling due within one year 6 10,509 16,323
NET CURRENT LIABILITIES (2,670 ) (12,601 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

283,068

274,701

CREDITORS
Amounts falling due after more than one
year

7

291,112

290,582
NET LIABILITIES (8,044 ) (15,881 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (9,044 ) (16,881 )
(8,044 ) (15,881 )

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.

Grosvenor Property Ltd (Registered number: 13475709)

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 24 March 2025 and were signed on its behalf by:




Dr J M T Dean - Director



Dr H Thorsteinsson - Director


Grosvenor Property Ltd (Registered number: 13475709)

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

1. STATUTORY INFORMATION

Grosvenor Property Ltd 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.

TURNOVER
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 2 (2023 - 2 ) .

Grosvenor Property Ltd (Registered number: 13475709)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 281,042 9,201 1,094 291,337
DEPRECIATION
At 1 July 2023 - 3,626 409 4,035
Charge for year - 1,393 171 1,564
At 30 June 2024 - 5,019 580 5,599
NET BOOK VALUE
At 30 June 2024 281,042 4,182 514 285,738
At 30 June 2023 281,042 5,575 685 287,302

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 5,824 2,164

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 9,614 14,642
Trade creditors - 1,681
Other creditors 895 -
10,509 16,323

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 194,918 199,281
Other creditors 96,194 91,301
291,112 290,582

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 194,918 199,281