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REGISTERED NUMBER: 09706391 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

The Grocery Studios Ltd

The Grocery Studios Ltd (Registered number: 09706391)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Grocery Studios Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: S D Warren





REGISTERED OFFICE: C/o Creasey Alexander & Co
Parkgate House
33A Pratt Street
London
NW1 0BG





REGISTERED NUMBER: 09706391 (England and Wales)





ACCOUNTANTS: Creasey Alexander & Co
Chartered Accountants
Parkgate House
33a Pratt Street
London
NW1 0BG

The Grocery Studios Ltd (Registered number: 09706391)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 488,069 533,670

CURRENT ASSETS
Debtors 5 840 7,291
Cash at bank 6,515 35,307
7,355 42,598
CREDITORS
Amounts falling due within one year 6 206,838 236,327
NET CURRENT LIABILITIES (199,483 ) (193,729 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,586

339,941

CREDITORS
Amounts falling due after more than one year 7 131,419 137,564
NET ASSETS 157,167 202,377

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 157,165 202,375
SHAREHOLDERS' FUNDS 157,167 202,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 Grocery Studios Ltd (Registered number: 09706391)

Balance Sheet - continued
31 July 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 director and authorised for issue on 28 March 2024 and were signed by:





S D Warren - Director


The Grocery Studios Ltd (Registered number: 09706391)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

The Grocery Studios 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.

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 - 20% on cost and Straight line over 20 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

The Grocery Studios Ltd (Registered number: 09706391)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 August 2022 460,000 111,673 571,673
Impairments (40,000 ) - (40,000 )
At 31 July 2023 420,000 111,673 531,673
DEPRECIATION
At 1 August 2022 - 38,003 38,003
Charge for year - 5,601 5,601
At 31 July 2023 - 43,604 43,604
NET BOOK VALUE
At 31 July 2023 420,000 68,069 488,069
At 31 July 2022 460,000 73,670 533,670

Cost or valuation at 31 July 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 189,771 - 189,771
Valuation in 2023 (40,000 ) - (40,000 )
Cost 270,229 111,673 381,902
420,000 111,673 531,673

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 840 7,291

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 20,030 15,343
Amounts owed to participating interests 180,319 208,819
Taxation and social security 746 6,598
Other creditors 5,743 5,567
206,838 236,327

The Grocery Studios Ltd (Registered number: 09706391)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 131,419 137,564

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 54,764 78,096

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Barclays mortgage 146,916 146,808

Barclays Bank plc has a fixed and floating charge over all company assets in relation to a loan provided for the purpose of purchasing the company's premises. The original loan provided was refinanced during 2023.

The total amount of the loan provided is £147,500 (£187,386 in 2022).