Company registration number 00175092 (England and Wales)
LONGRANGE HOLDINGS LIMITED
FORMERLY GRANTON RAGG LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
LONGRANGE HOLDINGS LIMITED
FORMERLY GRANTON RAGG LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
LONGRANGE HOLDINGS LIMITED
FORMERLY GRANTON RAGG LIMITED
BALANCE SHEET
AS AT 30 APRIL 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
-
0
1,010,000
Current assets
Cash at bank and in hand
441,133
-
0
Creditors: amounts falling due within one year
4
(105,391)
(625,817)
Net current assets/(liabilities)
335,742
(625,817)
Net assets
335,742
384,183
Capital and reserves
Called up share capital
5
5,149
5,149
Revaluation reserve
-
0
246,102
Capital redemption reserve
2,268
2,268
Profit and loss reserves
328,325
130,664
Total equity
335,742
384,183

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 2 October 2023 and are signed on its behalf by:
P W R Kirkby
Director
Company Registration No. 00175092
LONGRANGE HOLDINGS LIMITED
FORMERLY GRANTON RAGG LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2023
- 2 -
Share capital
Revaluation reserve
Capital redemption reserve
Profit and loss reserves
Total
£
£
£
£
£
Balance at 1 May 2021
5,149
246,102
2,268
219,076
472,595
Year ended 30 April 2022:
Loss and total comprehensive income for the year
-
-
-
(58,412)
(58,412)
Dividends
-
-
-
(30,000)
(30,000)
Balance at 30 April 2022
5,149
246,102
2,268
130,664
384,183
Year ended 30 April 2023:
Profit for the year
-
-
-
222,661
222,661
Other comprehensive income:
Fair value adjustments reclassified to profit or loss
-
(246,102)
-
-
(246,102)
Total comprehensive income for the year
-
(246,102)
-
222,661
(23,441)
Dividends
-
-
-
(25,000)
(25,000)
Balance at 30 April 2023
5,149
-
0
2,268
328,325
335,742
LONGRANGE HOLDINGS LIMITED
FORMERLY GRANTON RAGG LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 3 -
1
Accounting policies
Company information

Longrange Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Granton Parkway Suite, Parkway Close, Sheffield, S9 4WJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

LONGRANGE HOLDINGS LIMITED
FORMERLY GRANTON RAGG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Government grants

Grants received in relation to the government’s Coronavirus Job Retention Scheme have been recognised within other operating income. The grant is accounted for on the accruals basis once the related payroll return has been submitted.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
-
0
1,010,000
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 May 2022
1,010,000
Disposals
(1,010,000)
At 30 April 2023
-
Carrying amount
At 30 April 2023
-
At 30 April 2022
1,010,000
LONGRANGE HOLDINGS LIMITED
FORMERLY GRANTON RAGG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 5 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
-
0
625,817
Other creditors
105,391
-
0
105,391
625,817
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
5,149
5,149
5,149
5,149
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