REGISTERED NUMBER: 09896065 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GROSVENOR STREET INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Halstead

O J Keeble

D Halstead

O J Keeble

REGISTERED OFFICE:

Hillside

Hoseley Lane

Marford

Wrexham

LL12 8YE

REGISTERED NUMBER:

09896065 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

106,070

147,315

Investments

5

400,000

400,000

Investment property

6

4,610,000

4,375,301

5,116,070

4,922,616

CURRENT ASSETS

Debtors

7

929,963

936,916

CREDITORS

Amounts falling due within one year

8

5,234,747

5,802,025

NET CURRENT LIABILITIES

(4,304,784

)

(4,865,109

)

TOTAL ASSETS LESS CURRENT LIABILITIES

811,286

57,507

CREDITORS

Amounts falling due after more than one year

9

(1,000,000

)

(11,011

)

PROVISIONS FOR LIABILITIES

(26,518

)

(31,460

)

NET (LIABILITIES)/ASSETS

(215,232

)

15,036

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(215,235

)

15,033

(215,232

)

15,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 30 September 2025 and were signed on its behalf by:

O J Keeble - Director

1.	STATUTORY INFORMATION

Grosvenor Street Investments 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The accounts have been prepared on a going concern basis as it is the directors' intentions to continue to support the company for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

75,267

105,315

97,401

3,956

281,939

Additions

-

-

74,995

-

74,995

Disposals

(26,200

)

-

(97,401

)

-

(123,601

)

At 31 December 2024

49,067

105,315

74,995

3,956

233,333

DEPRECIATION

At 1 January 2024

33,451

59,685

38,047

3,441

134,624

Charge for year

6,105

15,797

18,749

515

41,166

Eliminated on disposal

(10,480

)

-

(38,047

)

-

(48,527

)

At 31 December 2024

29,076

75,482

18,749

3,956

127,263

NET BOOK VALUE

At 31 December 2024

19,991

29,833

56,246

-

106,070

At 31 December 2023

41,816

45,630

59,354

515

147,315

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2024

26,200

Disposals

(26,200

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

10,480

Eliminated on disposal

(10,480

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

15,720

5.	FIXED ASSET INVESTMENTS

Other

loans

£

At 1 January 2024

and 31 December 2024

400,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

4,375,301

Additions

248,237

Revaluations

(13,538

)

At 31 December 2024

4,610,000

NET BOOK VALUE

At 31 December 2024

4,610,000

At 31 December 2023

4,375,301

Fair value at 31 December 2024 is represented by:

£

Valuation in 2017

19,820

Valuation in 2021

288,049

Valuation in 2022

(94,682

)

Valuation in 2023

173,639

Valuation in 2024

(13,538

)

Cost

4,236,712

4,610,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

350

-

Other debtors

929,613

936,916

929,963

936,916

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

79,623

88,549

Hire purchase contracts

-

4,609

Trade creditors

4,300

15,818

Taxation and social security

7,441

(5,587

)

Other creditors

5,143,383

5,698,636

5,234,747

5,802,025

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

1,000,000

-

Hire purchase contracts

-

11,011

1,000,000

11,011

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

1,000,000

-

Hire purchase contracts

-

15,620

1,000,000

15,620

11.	RELATED PARTY DISCLOSURES

The company maintains an interest free loan account with the directors. As at the balance sheet date, the company owed the directors £5,127,358 (2023: £5,692,908).

The company maintains an interest free loan account with Grosvenor St Developments Limited, a company owned by the directors. At the year end, Grosvenor St Developments Limited owed Grosvenor Street Investments Limited £929,241 (2023: 935,227).

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be the directors by virtue of their shareholdings.