Company registration number 05362825 (England and Wales)
GRANGE PARK HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
GRANGE PARK HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GRANGE PARK HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Investment properties
3
871,400
871,400
Investments
4
500
500
871,900
871,900
Creditors: amounts falling due within one year
5
(579,805)
(603,614)
Net current liabilities
(579,805)
(603,614)
Total assets less current liabilities
292,095
268,286
Capital and reserves
Called up share capital
6
500
500
Profit and loss reserves
7
291,595
267,786
Total equity
292,095
268,286

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 31 December 2022 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.

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.

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 November 2023 and are signed on its behalf by:
A J Hillier
Director
Company Registration No. 05362825
GRANGE PARK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 2 -
1
Accounting policies
Company information

Grange Park Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB.

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 presented in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is represented by rental income from investment properties, which is recognised in the profit and loss on a straight line basis over the lease term.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss..

1.4
Fixed asset investments

Interests in subsidiaries 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.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” 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.

Basic financial assets

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

Basic financial liabilities

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

GRANGE PARK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

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

2022
2021
Number
Number
Total
2
2
3
Investment property
2022
£
Fair value
At 1 January 2022 and 31 December 2022
871,400

The fair value of the investment property has been arrived at on the basis of a valuation carried out at balance sheet date by director, A J Hillier. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

4
Fixed asset investments
2022
2021
£
£
Investments
500
500
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 January 2022 & 31 December 2022
500
Carrying amount
At 31 December 2022
500
At 31 December 2021
500
GRANGE PARK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 4 -
5
Creditors: amounts falling due within one year
2022
2021
£
£
Amounts owed to group undertakings
95,224
113,147
Corporation tax
9,825
13,172
Other creditors
474,756
477,295
579,805
603,614
6
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
500
500
500
500
7
Profit and loss reserves
2022
2021
£
£
At the beginning of the year
267,786
243,045
Profit for the year
23,809
24,741
At the end of the year
291,595
267,786

The profit and loss reserve contains the cumulative balance of retained profit and losses as well as investment property revaluations since the company started trading. It is made up of distributable and non-distributable reserves.

 

At the balance sheet date, total reserves consisted of £219,217 (2021 - £195,408) distributable reserves and £72,378 (2021 - £72,378) non-distributable reserves.

8
Related party transactions

The company has provided guarantees in respect of the bank loan borrowings of its subsidiary, Grange Park (Bovingdon) Limited. The guarantees are provided by way of a legal charge over the investment property held and by way of a fixed and floating charge over all the assets of the company.

2022-12-312022-01-01false02 November 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityR P HillierA J HillierA J Hillierfalse053628252022-01-012022-12-31053628252022-12-31053628252021-12-3105362825core:CurrentFinancialInstruments2022-12-3105362825core:CurrentFinancialInstruments2021-12-3105362825core:ShareCapital2022-12-3105362825core:ShareCapital2021-12-3105362825core:RetainedEarningsAccumulatedLosses2022-12-3105362825core:RetainedEarningsAccumulatedLosses2021-12-3105362825core:RetainedEarningsAccumulatedLosses2021-12-31053628252020-12-3105362825bus:CompanySecretaryDirector12022-01-012022-12-31053628252021-01-012021-12-31053628252021-12-3105362825bus:PrivateLimitedCompanyLtd2022-01-012022-12-3105362825bus:SmallCompaniesRegimeForAccounts2022-01-012022-12-3105362825bus:FRS1022022-01-012022-12-3105362825bus:AuditExemptWithAccountantsReport2022-01-012022-12-3105362825bus:Director12022-01-012022-12-3105362825bus:Director22022-01-012022-12-3105362825bus:CompanySecretary12022-01-012022-12-3105362825bus:FullAccounts2022-01-012022-12-31xbrli:purexbrli:sharesiso4217:GBP