GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Company Registration Number:
05432365 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 615,571 734,732
Total fixed assets: 615,571 734,732
Current assets
Debtors:   205 148
Cash at bank and in hand: 11,038 22,977
Total current assets: 11,243 23,125
Creditors: amounts falling due within one year:   (118,557) (119,457)
Net current assets (liabilities): (107,314) (96,332)
Total assets less current liabilities: 508,257 638,400
Total net assets (liabilities): 508,257 638,400
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve:40100,000
Profit and loss account: 507,257 537,400
Shareholders funds: 508,257 638,400

The notes form part of these financial statements

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 May 2025
and signed on behalf of the board by:

Name: Mr Kevin Waugh
Status: Director

The notes form part of these financial statements

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Freehold property - 2% straight line Fixtures, fittings & equipment - 15 % straight line Motor vehicles - 25% straight line

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 2 4

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 927,478
Disposals (39,334)
Revaluations (100,000)
At 31 August 2024 788,144
Depreciation
At 01 September 2023 192,746
Charge for year 13,913
On disposals (34,086)
At 31 August 2024 172,573
Net book value
At 31 August 2024 615,571
At 31 August 2023 734,732

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Revaluation reserve

2024
£
Balance at 01 September 2023 100,000
Surplus or deficit after revaluation (100,000)
Balance at 31 August 2024 0

GROSVENOR GATE PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Related party transactions

Name of the related party: Mr Roy Bradley
Relationship:
Director
Description of the Transaction: Funds introduced by director into company
£
Balance at 01 September 2023 82,381
Balance at 31 August 2024 82,381
Name of the related party: Mr K Waugh
Relationship:
Director
Description of the Transaction: Funds introduced by director into company
£
Balance at 01 September 2023 31,194
Balance at 31 August 2024 31,182