Groundyear Property Management Limited - Period Ending 2019-11-01

Groundyear Property Management Limited

Director's Report for the Year Ended 1 November 2019

The director presents his report and the financial statements for the year ended 1 November 2019.

Director of the company

The director who held office during the year was as follows:

Mr Richard Winterton

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the director on 8 July 2020 and signed on its behalf by:

.........................................
Mr Richard Winterton
Director

Groundyear Property Management Limited

Profit and Loss Account for the Year Ended 1 November 2019

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Groundyear Property Management Limited

(Registration number: 02497656)
Balance Sheet as at 1 November 2019

	Note	2019 £	2018 £
Current assets
Cash at bank and in hand		4	4
Capital and reserves
Called up share capital	4	4	4
Total equity		4	4

For the financial year ending 1 November 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

For the financial year ending 1 November 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved and authorised by the director on 8 July 2020
 

.........................................

Mr Richard Winterton
Director

Groundyear Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 1 November 2019

1	General information

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

The address of its registered office is:
263 Goldhawk Road
London
W12 8EU

These financial statements were authorised for issue by the director on 8 July 2020.

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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

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.

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	Cash and cash equivalents

	2019 £	2018 £
Cash at bank	4	4

4	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary shares of £1 each	4	4	4	4