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Registration number: 11973602

Grinnell Holdings Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Grinnell Holdings Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Grinnell Holdings Limited

(Registration number: 11973602)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

362,294

362,294

Investments

5

100

100

 

362,394

362,394

Current assets

 

Debtors

6

693

50,629

Cash at bank and in hand

 

17,213

71,052

 

17,906

121,681

Creditors: Amounts falling due within one year

7

(18,114)

(59,229)

Net current (liabilities)/assets

 

(208)

62,452

Total assets less current liabilities

 

362,186

424,846

Creditors: Amounts falling due after more than one year

7

(68,871)

(189,796)

Net assets

 

293,315

235,050

Capital and reserves

 

Called up share capital

200

200

Retained earnings

293,115

234,850

Shareholders' funds

 

293,315

235,050

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Grinnell Holdings Limited

(Registration number: 11973602)
Balance Sheet as at 30 November 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 17 April 2024
 

.........................................
Mrs A Grinnell
Director

 

Grinnell Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Shady Oak Newcastle Road
Blakelow
Nantwich
CW5 7ET
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Grinnell Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Investment properties

2023
£

At 1 December

362,294

At 30 November

362,294

The director believes that it was not commercially viable to revalue the Investment Property at the Balance Sheet date. As such, the Investment Property is held on the Balance Sheet at cost.

5

Investments

2023
£

2022
£

Investments in subsidiaries

100

100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Playworld Limited

England and Wales

Ordinary

100%

100%

6

Debtors

2023
£

2022
£

Amounts owed by group undertakings

-

50,000

Other debtors

693

629

693

50,629

 

Grinnell Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loan

1,116

52,695

Amounts owed to group undertakings

 

9,000

-

Taxation and social security

 

1,829

1,461

Other creditors

 

6,169

5,073

 

18,114

59,229

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Bank loan

68,871

189,796

The bank loan is secured on the Investment Property.