COMPANY REGISTRATION NUMBER:
10525607
Filleted Unaudited Financial Statements |
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Year Ended 31st December 2021
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements |
1 |
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Statement of Financial Position |
2 |
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Notes to the Financial Statements |
3 |
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Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
G. Granger Limited |
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Year Ended 31st December 2021
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31st December 2021, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
PEYTON TYLER MEARS
Chartered accountants
Middleborough House
16 Middleborough
Colchester
Essex
CO1 1QT
23 August 2022
Statement of Financial Position |
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31 December 2021
Fixed Assets
Investments |
4 |
|
120,400 |
120,400 |
|
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|
|
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Current Assets
Cash at bank and in hand |
58,012 |
|
58,878 |
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|
|
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Creditors: amounts falling due within one year |
5 |
122,200 |
|
121,888 |
|
--------- |
|
--------- |
Net Current Liabilities |
|
64,188 |
63,010 |
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--------- |
--------- |
Total Assets Less Current Liabilities |
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56,212 |
57,390 |
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-------- |
-------- |
Net Assets |
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56,212 |
57,390 |
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-------- |
-------- |
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Capital and Reserves
Called up share capital |
|
1 |
1 |
Profit and loss account |
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56,211 |
57,389 |
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-------- |
-------- |
Shareholders Funds |
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56,212 |
57,390 |
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-------- |
-------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
23 August 2022
, and are signed on behalf of the board by:
G. Granger |
Mrs. T. Granger |
Director |
Director |
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Company registration number:
10525607
Notes to the Financial Statements |
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Year Ended 31st December 2021
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 78a Coast Road, West Mersea, CO5 8LS, Essex.
2.
Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in Associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in Joint Ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4.
Investments
|
Other investments other than loans |
|
£ |
Cost |
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At 1st January 2021 and 31st December 2021 |
120,400 |
|
--------- |
Impairment |
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At 1st January 2021 and 31st December 2021 |
– |
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--------- |
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Carrying amount |
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At 31st December 2021 |
120,400 |
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--------- |
At 31st December 2020 |
120,400 |
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--------- |
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5.
Creditors:
amounts falling due within one year
|
2021 |
2020 |
|
£ |
£ |
Social security and other taxes |
63 |
63 |
Other creditors |
122,137 |
121,825 |
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--------- |
--------- |
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122,200 |
121,888 |
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