GRAMPS INNS LTD

Company Registration Number:
08433297 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

GRAMPS INNS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

GRAMPS INNS LTD

Balance sheet

As at 31 March 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 1,943,826 1,923,354
Total fixed assets: 1,943,826 1,923,354
Current assets
Stocks: 13,352 14,369
Debtors:   17,097 18,948
Cash at bank and in hand: 404,872 317,561
Total current assets: 435,321 350,878
Creditors: amounts falling due within one year: 4 (413,297) (688,193)
Net current assets (liabilities): 22,024 (337,315)
Total assets less current liabilities: 1,965,850 1,586,039
Total net assets (liabilities): 1,965,850 1,586,039
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 1,965,848 1,586,037
Shareholders funds: 1,965,850 1,586,039

The notes form part of these financial statements

GRAMPS INNS LTD

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 September 2023
and signed on behalf of the board by:

Name: A J Churchill
Status: Director

The notes form part of these financial statements

GRAMPS INNS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and vat.Revenue from sales and goods is recognised when the significant risks and rewards of ownership have transferred to the buyer: the amount of revenue can be measured reliably: it is probable that the associated economic benefit will flow to the entity: and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less and accumulated depreciation and impairment losses.

Other accounting policies

DepreciationDepreciation is calculated so as to write off the cost of an asset , less its residual value, over the useful economic life of that asset as follows:Freehold property 2% straight lineFittings, fixtures and equipment 15% reducing balanceMotor vehicles 25% reducing balance

GRAMPS INNS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 51 29

GRAMPS INNS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 2,208,597
Additions 86,218
At 31 March 2023 2,294,815
Depreciation
At 01 April 2022 285,243
Charge for year 65,746
At 31 March 2023 350,989
Net book value
At 31 March 2023 1,943,826
At 31 March 2022 1,923,354

GRAMPS INNS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023 2022Trade creditors 48288 48194Corporation tax 116437 43356Social security and other tax 111228 66706Other creditors 137344 529937 413297 688193