Registered number
03300187
GROSVENOR COURT (CLACTON) PROPERTY COMPANY LIMITED
Unaudited Filleted Accounts
31 December 2024
GROSVENOR COURT (CLACTON) PROPERTY COMPANY LIMITED
Registered number: 03300187
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 21,271 21,271
Current assets
Debtors 4 22,180 50
Cash at bank and in hand 28,651 55,399
50,831 55,449
Creditors: amounts falling due within one year 5 (5,497) (5,497)
Net current assets 45,334 49,952
Net assets 66,605 71,223
Capital and reserves
Called up share capital 11 11
Share premium 7,292 7,292
Profit and loss account 59,302 63,920
Shareholder's funds 66,605 71,223
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Pembroke
Director
Approved by the board on 7 July 2025
GROSVENOR COURT (CLACTON) PROPERTY COMPANY LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2024 21,271
At 31 December 2024 21,271
Depreciation
At 31 December 2024 -
Net book value
At 31 December 2024 21,271
At 31 December 2023 21,271
4 Debtors 2024 2023
£ £
Other debtors 22,180 50
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 5,497 5,497
6 Other information
GROSVENOR COURT (CLACTON) PROPERTY COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Suite 4c Gattinetts Business Park
Hadleigh Road
East Bergholt
Essex
CO7 6QT
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