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REGISTERED NUMBER: 07542236 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Frank Grogan Research and Consultancy
Ltd

Frank Grogan Research and Consultancy
Ltd (Registered number: 07542236)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Frank Grogan Research and Consultancy
Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr F G Grogan
Mrs V E Grogan





SECRETARY: Mrs V E Grogan





REGISTERED OFFICE: Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG





BUSINESS ADDRESS: Holdgate House
3 East Mount
Malton
North Yorkshire
YO17 7EX





REGISTERED NUMBER: 07542236 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG

Frank Grogan Research and Consultancy
Ltd (Registered number: 07542236)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 457 2,312
Investments 5 39,189 39,189
39,646 41,501

CURRENT ASSETS
Debtors 6 13,249 1,345
Cash at bank 30,790 17,351
44,039 18,696
CREDITORS
Amounts falling due within one year 7 10,161 990
NET CURRENT ASSETS 33,878 17,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,524

59,207

PROVISIONS FOR LIABILITIES 87 439
NET ASSETS 73,437 58,768

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 73,337 58,668
SHAREHOLDERS' FUNDS 73,437 58,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Frank Grogan Research and Consultancy
Ltd (Registered number: 07542236)

Balance Sheet - continued
30 June 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 3 November 2023 and were signed on its behalf by:





Mr F G Grogan - Director


Frank Grogan Research and Consultancy
Ltd (Registered number: 07542236)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Frank Grogan Research and Consultancy 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.

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.
Office equipment - straight line over 3 years
Computer equipment - straight line over 3 years

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.

Frank Grogan Research and Consultancy
Ltd (Registered number: 07542236)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Investments in works of art in which there is no reliable market guide are carried at the cost at acquisition including any incidental costs of purchase. These assets are considered to be appreciating assets and as a result the residual value is considered to be equal or in excess of cost so no depreciation is charged.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 614 10,455 11,069
DEPRECIATION
At 1 July 2022 598 8,159 8,757
Charge for year 16 1,839 1,855
At 30 June 2023 614 9,998 10,612
NET BOOK VALUE
At 30 June 2023 - 457 457
At 30 June 2022 16 2,296 2,312

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.6.23 30.6.22
£    £   
Works of art 39,189 39,189

The investments represent works of art which are carried at cost in according with the stated accounting policy.

Frank Grogan Research and Consultancy
Ltd (Registered number: 07542236)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 12,865 -
Other debtors 384 1,345
13,249 1,345

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 4,309 -
Other creditors 5,852 990
10,161 990

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100