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REGISTERED NUMBER: 12247396 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2022

for

GRANGE DEVELOPMENTS WARWICKSHIRE LTD

GRANGE DEVELOPMENTS WARWICKSHIRE LTD (REGISTERED NUMBER: 12247396)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 10

GRANGE DEVELOPMENTS WARWICKSHIRE LTD

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTOR: Mr R E Perrin



REGISTERED OFFICE: 9-11 Stratford Road
Shirley
Solihull
West Midlands
B90 3LU



BUSINESS ADDRESS: 8 Wootton Rise
Wootton Wawen
Henley-In-Arden
West Midlands
B95 6BJ



REGISTERED NUMBER: 12247396 (England and Wales)



ACCOUNTANTS: Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
9-11 Stratford Road
Shirley
Solihull
West Midlands
B90 3LU



BANKERS: NatWest Bank plc
1660 High Street
Knowle
Solihull
West Midlands
B93 0LJ

GRANGE DEVELOPMENTS WARWICKSHIRE LTD (REGISTERED NUMBER: 12247396)

Balance Sheet
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,550 2,046
Investment property 5 510,000 535,000
511,550 537,046

CURRENT ASSETS
Debtors 6 88,023 65,356
Cash at bank 7,643 6,239
95,666 71,595
CREDITORS
Amounts falling due within one year 7 205,188 182,779
NET CURRENT LIABILITIES (109,522 ) (111,184 )
TOTAL ASSETS LESS CURRENT LIABILITIES 402,028 425,862

CREDITORS
Amounts falling due after more than one
year

8

(414,147

)

(421,693

)

PROVISIONS FOR LIABILITIES 11 - (791 )
NET (LIABILITIES)/ASSETS (12,119 ) 3,378

GRANGE DEVELOPMENTS WARWICKSHIRE LTD (REGISTERED NUMBER: 12247396)

Balance Sheet - continued
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 2 2
Fair value reserve 13 6,517 26,767
Retained earnings 13 (18,638 ) (23,391 )
SHAREHOLDERS' FUNDS (12,119 ) 3,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 August 2023 and were signed by:




Mr R E Perrin - Director



Mr M R Perrin - Director


GRANGE DEVELOPMENTS WARWICKSHIRE LTD (REGISTERED NUMBER: 12247396)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

Grange Developments Warwickshire Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net sales of goods and services provided in the accounting period, including amounts recoverable on contracts and excluding value added tax.

Amounts recoverable on contracts are services provided by the end of the accounting period but not invoiced at that time. They are calculated at sales values and shown on the Balance Sheet as part of debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost and 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


GRANGE DEVELOPMENTS WARWICKSHIRE LTD (REGISTERED NUMBER: 12247396)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
At the end of the period the company remained insolvent. However, the director continues to support the company and as a result considers it appropriate to prepare these financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2021
and 31 October 2022 1,171 1,775 100 3,046
DEPRECIATION
At 1 November 2021 329 639 32 1,000
Charge for year 192 284 20 496
At 31 October 2022 521 923 52 1,496
NET BOOK VALUE
At 31 October 2022 650 852 48 1,550
At 31 October 2021 842 1,136 68 2,046

GRANGE DEVELOPMENTS WARWICKSHIRE LTD (REGISTERED NUMBER: 12247396)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 November 2021 535,000
Revaluations (25,000 )
At 31 October 2022 510,000
NET BOOK VALUE
At 31 October 2022 510,000
At 31 October 2021 535,000

Cost or valuation at 31 October 2022 is represented by:
£   
Valuation in 2022 510,000

If investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 501,954 501,954

The investment property was valued on an open market basis on 28 February 2023 by John Earle and Son LLP T/A Earles .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts recoverable on contracts - 20,000
Other debtors 88,023 45,356
88,023 65,356

GRANGE DEVELOPMENTS WARWICKSHIRE LTD (REGISTERED NUMBER: 12247396)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,556 3,652
Trade creditors 572 1,778
Taxation and social security 37,095 17,039
Other creditors 161,965 160,310
205,188 182,779

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 414,147 421,693

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 377,110 377,110

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 834 3,336
Between one and five years - 556
834 3,892

GRANGE DEVELOPMENTS WARWICKSHIRE LTD (REGISTERED NUMBER: 12247396)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 419,703 425,345

At the end of the period the company had two outstanding bank loans.

One loan is a mortgage secured on the investment property to which it relates.

The other bank loan is a Coronavirus Bounce Back Loan.

11. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Accelerated capital allowances 15 47
Tax losses carried forward (1,544 ) (5,537 )
Other timing differences 1,529 6,281
- 791

Deferred
tax
£   
Balance at 1 November 2021 791
Provided during year (791 )
Balance at 31 October 2022 -

12. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary £1 2 2

GRANGE DEVELOPMENTS WARWICKSHIRE LTD (REGISTERED NUMBER: 12247396)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2021 (23,391 ) 26,767 3,376
Deficit for the year (15,497 ) (15,497 )
Net change in fair value 20,250 (20,250 ) -
At 31 October 2022 (18,638 ) 6,517 (12,121 )

The Fair value reserve comprises
2022 2021
£ £
Total gains to date on revaluation of investment property8,046 33,046
Less deferred tax(1,529)(6,279)
Balance at 30 September 6,517 26,767

14. RELATED PARTY DISCLOSURES

The director of the company has loaned the company money which is interest free and repayable on demand. At the end of the year the outstanding amount totalled £136,715 (2022 - £137,710).

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Grange Developments Warwickshire Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Grange Developments Warwickshire Ltd for the year ended 31 October 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Grange Developments Warwickshire Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Grange Developments Warwickshire Ltd and state those matters that we have agreed to state to the director of Grange Developments Warwickshire Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Grange Developments Warwickshire Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Grange Developments Warwickshire Ltd. You consider that Grange Developments Warwickshire Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Grange Developments Warwickshire Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
9-11 Stratford Road
Shirley
Solihull
West Midlands
B90 3LU


Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Grange Developments Warwickshire Ltd


10 August 2023