Caseware UK (AP4) 2021.0.152 2021.0.152 2021-08-312021-08-31falsetrue2020-06-01No description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11383901 2020-06-01 2021-08-31 11383901 2019-06-01 2020-05-31 11383901 2021-08-31 11383901 2020-05-31 11383901 c:Director2 2020-06-01 2021-08-31 11383901 d:OfficeEquipment 2020-06-01 2021-08-31 11383901 d:OfficeEquipment 2021-08-31 11383901 d:OfficeEquipment 2020-05-31 11383901 d:OfficeEquipment d:OwnedOrFreeholdAssets 2020-06-01 2021-08-31 11383901 d:CurrentFinancialInstruments 2021-08-31 11383901 d:CurrentFinancialInstruments 2020-05-31 11383901 d:Non-currentFinancialInstruments 2021-08-31 11383901 d:Non-currentFinancialInstruments 2020-05-31 11383901 d:CurrentFinancialInstruments d:WithinOneYear 2021-08-31 11383901 d:CurrentFinancialInstruments d:WithinOneYear 2020-05-31 11383901 d:Non-currentFinancialInstruments d:AfterOneYear 2021-08-31 11383901 d:Non-currentFinancialInstruments d:AfterOneYear 2020-05-31 11383901 d:ShareCapital 2021-08-31 11383901 d:ShareCapital 2020-05-31 11383901 d:RetainedEarningsAccumulatedLosses 2021-08-31 11383901 d:RetainedEarningsAccumulatedLosses 2020-05-31 11383901 c:OrdinaryShareClass1 2020-06-01 2021-08-31 11383901 c:OrdinaryShareClass1 2021-08-31 11383901 c:OrdinaryShareClass1 2020-05-31 11383901 c:FRS102 2020-06-01 2021-08-31 11383901 c:AuditExempt-NoAccountantsReport 2020-06-01 2021-08-31 11383901 c:FullAccounts 2020-06-01 2021-08-31 11383901 c:PrivateLimitedCompanyLtd 2020-06-01 2021-08-31 11383901 2 2020-06-01 2021-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11383901









GRAND SLAM LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2021

 
GRAND SLAM LTD
REGISTERED NUMBER: 11383901

BALANCE SHEET
AS AT 31 AUGUST 2021

31 August
31 May
2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
366
732

  
366
732

Current assets
  

Debtors: amounts falling due within one year
 5 
3,536
3,190

Cash at bank and in hand
 6 
812
64

  
4,348
3,254

Creditors: amounts falling due within one year
 7 
(3,460)
(3,460)

Net current assets/(liabilities)
  
 
 
888
 
 
(206)

Total assets less current liabilities
  
1,254
526

Creditors: amounts falling due after more than one year
 8 
(74,427)
(74,227)

  

Net liabilities
  
(73,173)
(73,701)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(73,273)
(73,801)

  
(73,173)
(73,701)


Page 1

 
GRAND SLAM LTD
REGISTERED NUMBER: 11383901
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Dyer
Director

Date: 15 August 2022

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GRAND SLAM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2021

1.


General information

Grand Slam Ltd is a private company limited by shares and incorporated in England & Wales (registered number 11383901). The registered office is 64 New Cavendish Street, London, W1G 8TB.
The principal activity of the company is that of sound recording & music publishing activites.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the directors have obtained assurances from its beneficial owners to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
 
Potential sources of uncertainty noted by the directors include the COVID-19 pandemic. However, at the date of this report it is not possible to reliably determine the effects that this will have on the company. Accordingly the directors have continued to prepare the financial statements on the going concern basis.

Page 3

 
GRAND SLAM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2021

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
GRAND SLAM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2021

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2020 - 2).

Page 5

 
GRAND SLAM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2021

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 June 2020
1,098



At 31 August 2021

1,098



Depreciation


At 1 June 2020
366


Charge for the period on owned assets
366



At 31 August 2021

732



Net book value



At 31 August 2021
366



At 31 May 2020
732


5.


Debtors

31 August
31 May
2021
2020
£
£


Trade debtors
1,180
-

Other debtors
2,356
3,190

3,536
3,190


Page 6

 
GRAND SLAM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2021

6.


Cash and cash equivalents

31 August
31 May
2021
2020
£
£

Cash at bank and in hand
812
64

812
64



7.


Creditors: Amounts falling due within one year

31 August
31 May
2021
2020
£
£

Other creditors
960
960

Accruals and deferred income
2,500
2,500

3,460
3,460



8.


Creditors: Amounts falling due after more than one year

31 August
31 May
2021
2020
£
£

Other creditors
74,427
74,227

74,427
74,227



9.


Share capital

31 August
31 May
2021
2020
£
£
Allotted, called up and fully paid



100 (2020 - 100) Ordinary shares shares of £1.00 each
100
100


 
Page 7