IRIS Accounts Production v23.2.0.158 NI007856 Board of Directors 6.4.22 5.4.23 5.4.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0078562022-04-05NI0078562023-04-05NI0078562022-04-062023-04-05NI0078562021-04-05NI0078562021-04-062022-04-05NI0078562022-04-05NI007856ns10:Originalns15:NorthernIreland2022-04-062023-04-05NI007856ns14:PoundSterlingns10:Original2022-04-062023-04-05NI007856ns10:Originalns10:Director12022-04-062023-04-05NI007856ns10:Original2022-04-062023-04-05NI007856ns10:Original2023-04-05NI007856ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-062023-04-05NI007856ns10:Originalns10:SmallEntities2022-04-062023-04-05NI007856ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-062023-04-05NI007856ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-062023-04-05NI007856ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-062023-04-05NI007856ns10:Originalns10:FullAccounts2022-04-062023-04-05NI007856ns10:Originalns10:Director22022-04-062023-04-05NI007856ns10:Originalns10:Director32022-04-062023-04-05NI007856ns10:CompanySecretary1ns10:Original2022-04-062023-04-05NI007856ns10:Originalns10:RegisteredOffice2022-04-062023-04-05NI007856ns10:Original2022-04-05NI007856ns10:Originalns5:CurrentFinancialInstruments2023-04-05NI007856ns10:Originalns5:CurrentFinancialInstruments2022-04-05NI007856ns5:ShareCapitalns10:Original2023-04-05NI007856ns5:ShareCapitalns10:Original2022-04-05NI007856ns10:Originalns5:RevaluationReserve2023-04-05NI007856ns10:Originalns5:RevaluationReserve2022-04-05NI007856ns10:Originalns5:CapitalRedemptionReserve2023-04-05NI007856ns10:Originalns5:CapitalRedemptionReserve2022-04-05NI007856ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-05NI007856ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-05NI007856ns10:Originalns5:PlantMachinery2022-04-062023-04-05NI007856ns10:Original2021-04-062022-04-05NI007856ns10:Originalns5:PlantMachinery2022-04-05NI007856ns10:Originalns5:PlantMachinery2023-04-05NI007856ns10:Originalns5:PlantMachinery2022-04-05NI007856ns10:Original2022-04-05NI007856ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-05NI007856ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-05NI007856ns10:Originalns5:RevaluationReserve2022-04-05
REGISTERED NUMBER: NI007856 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

FOR

GRANDSTAND LIMITED

GRANDSTAND LIMITED (REGISTERED NUMBER: NI007856)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


GRANDSTAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DIRECTORS: M I Macaulay
Dr C Macaulay
Ms L N Mackenzie





SECRETARY: Ms L N Mackenzie





REGISTERED OFFICE: 1 Fortwilliam Drive
Belfast
BT15 4EB





REGISTERED NUMBER: NI007856 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
Chartered Certified Accountants
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

GRANDSTAND LIMITED (REGISTERED NUMBER: NI007856)

BALANCE SHEET
5 APRIL 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,032 1,868
Investment property 5 335,000 480,000
336,032 481,868

CURRENT ASSETS
Debtors 6 259 962
Investments 7 521,556 546,298
Prepayments and accrued income 3,299 140
Cash at bank 220,453 97,853
745,567 645,253
CREDITORS
Amounts falling due within one year 8 4,645 4,660
NET CURRENT ASSETS 740,922 640,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,076,954

1,122,461

PROVISIONS FOR LIABILITIES 26,603 24,627
NET ASSETS 1,050,351 1,097,834

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 9 254,369 326,570
Capital redemption reserve 110,000 110,000
Retained earnings 675,982 651,264
1,050,351 1,097,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GRANDSTAND LIMITED (REGISTERED NUMBER: NI007856)

BALANCE SHEET - continued
5 APRIL 2023


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 Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by:





Ms L N Mackenzie - Director


GRANDSTAND LIMITED (REGISTERED NUMBER: NI007856)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023


1. STATUTORY INFORMATION

Grandstand Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

GRANDSTAND LIMITED (REGISTERED NUMBER: NI007856)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2022 35,749
Disposals (369 )
At 5 April 2023 35,380
DEPRECIATION
At 6 April 2022 33,881
Charge for year 467
At 5 April 2023 34,348
NET BOOK VALUE
At 5 April 2023 1,032
At 5 April 2022 1,868

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2022 480,000
Disposals (130,000 )
Revaluations (15,000 )
At 5 April 2023 335,000
NET BOOK VALUE
At 5 April 2023 335,000
At 5 April 2022 480,000

Fair value at 5 April 2023 is represented by:
£   
Valuation in 2022 350,000
Valuation in 2023 (15,000 )
335,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade debtors - 883
Other debtors 259 79
259 962

GRANDSTAND LIMITED (REGISTERED NUMBER: NI007856)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023


7. CURRENT ASSET INVESTMENTS
5.4.23 5.4.22
£    £   
Listed investments 521,556 546,298

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade creditors - 1
Taxation and social security 374 869
Other creditors 4,271 3,790
4,645 4,660

9. RESERVES
Revaluation
reserve
£   
At 6 April 2022 326,570
Deferred tax movement (41,603 )
Disposal in year (30,598 )

At 5 April 2023 254,369