Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07257191 2022-04-01 2023-03-31 07257191 2021-04-01 2022-03-31 07257191 2023-03-31 07257191 2022-03-31 07257191 c:Director1 2022-04-01 2023-03-31 07257191 d:CurrentFinancialInstruments 2023-03-31 07257191 d:CurrentFinancialInstruments 2022-03-31 07257191 d:Non-currentFinancialInstruments 2023-03-31 07257191 d:Non-currentFinancialInstruments 2022-03-31 07257191 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07257191 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07257191 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07257191 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 07257191 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 07257191 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 07257191 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 07257191 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 07257191 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 07257191 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 07257191 d:ShareCapital 2023-03-31 07257191 d:ShareCapital 2022-03-31 07257191 d:RetainedEarningsAccumulatedLosses 2023-03-31 07257191 d:RetainedEarningsAccumulatedLosses 2022-03-31 07257191 c:FRS102 2022-04-01 2023-03-31 07257191 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07257191 c:FullAccounts 2022-04-01 2023-03-31 07257191 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 07257191









THE GRADELINNIT COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
THE GRADELINNIT COMPANY LIMITED
REGISTERED NUMBER: 07257191

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
43,763
43,748

Cash at bank and in hand
  
3,848
9,405

  
47,611
53,153

Creditors: amounts falling due within one year
 5 
(904,740)
(903,443)

Net current liabilities
  
 
 
(857,129)
 
 
(850,290)

Total assets less current liabilities
  
(857,129)
(850,290)

Creditors: amounts falling due after more than one year
 6 
(46,250)
(50,000)

  

Net liabilities
  
(903,379)
(900,290)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(903,479)
(900,390)

  
(903,379)
(900,290)


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 November 2023.




M I Grade
Page 1

 
THE GRADELINNIT COMPANY LIMITED
REGISTERED NUMBER: 07257191
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
THE GRADELINNIT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

The Gradelinnit Company Limited is a private company limited by shares and incorporated in England. The address of the registered office is 124 Finchley Road, London NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is showing net liabilities at the balance sheet of £903,379. In order to continue trading it is dependent on funding from M Grade and M Linnit, directors of the company, who have confirmed their intention to continue to support the company for the foreseeable future.
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore continue to adopt the going concern basis in preparing the company's financial statements.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of general management and producing services supplied during the year.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
THE GRADELINNIT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 3).


4.


Debtors

2023
2022
£
£


Trade debtors
1,590
1,621

Other debtors
42,173
42,127

43,763
43,748



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to other participating interests
50,000
50,000

Other taxation and social security
-
1,454

Other creditors
853,240
850,489

Accruals and deferred income
1,500
1,500

904,740
903,443



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
46,250
50,000

46,250
50,000


Page 4

 
THE GRADELINNIT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due 1-2 years

Bank loans
5,000
5,000


5,000
5,000

Amounts falling due 2-5 years

Bank loans
15,000
15,000


15,000
15,000

Amounts falling due after more than 5 years

Bank loans
26,250
30,000

26,250
30,000

46,250
50,000



8.


Related party transactions

At the balance sheet date creditors include £447,757 (2022: £445,006) and £405,483 (2022: £405,483) due to M Grade and M Linnit respectively, the directors of the company. 

 
Page 5