Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-31false2Provider of transport services2022-11-01false2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11739458 2022-11-01 2023-10-31 11739458 2021-11-01 2022-10-31 11739458 2023-10-31 11739458 2022-10-31 11739458 2021-11-01 11739458 c:Director1 2022-11-01 2023-10-31 11739458 d:CurrentFinancialInstruments 2023-10-31 11739458 d:CurrentFinancialInstruments 2022-10-31 11739458 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11739458 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11739458 d:ShareCapital 2022-11-01 2023-10-31 11739458 d:ShareCapital 2023-10-31 11739458 d:ShareCapital 2021-11-01 2022-10-31 11739458 d:ShareCapital 2022-10-31 11739458 d:ShareCapital 2021-11-01 11739458 c:FRS102 2022-11-01 2023-10-31 11739458 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11739458 c:FullAccounts 2022-11-01 2023-10-31 11739458 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11739458 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 11739458









GRANDSTAND MOTOR SPORT TRANSPORT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
GRANDSTAND MOTOR SPORT TRANSPORT LIMITED
REGISTERED NUMBER: 11739458

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,190
-

Cash at bank and in hand
 5 
17,247
2,000

  
18,437
2,000

Creditors: amounts falling due within one year
 6 
(16,437)
-

Net current assets
  
 
 
2,000
 
 
2,000

Total assets less current liabilities
  
2,000
2,000

  

Net assets
  
2,000
2,000


Capital and reserves
  

Called up share capital 
  
2,000
2,000

  
2,000
2,000


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 year 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 comprehensive income 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 12 December 2023.




L A T Jordan
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 1

 
GRANDSTAND MOTOR SPORT TRANSPORT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2023


Called up share capital
Total equity

£
£


At 1 November 2021
2,000
2,000
Total comprehensive income for the year
-
-



At 1 November 2022
2,000
2,000


Other comprehensive income for the year
-
-


At 31 October 2023
2,000
2,000


The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
GRANDSTAND MOTOR SPORT TRANSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Grandstand Motor Sport Transport Limited is a company domiciled in England and Wales, registration number 11739458. The registered office is 2nd Floor, Nucleus House, 2 Lower Mortlake Road, Richmond, TW9 2JA.

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

Group management and the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future, being at least the following 12 months from the signing of these financial statements. 
The Company maintains the financial support of its holding company.

 
2.3

Revenue

Turnover represents the value, net of value added tax and discounts, of transport arrangements provided to its immediate holding company for departures in the period.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

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

Page 3

 
GRANDSTAND MOTOR SPORT TRANSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Debtors

2023
2022
£
£


Other debtors
1,190
-

1,190
-



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
17,247
2,000

17,247
2,000



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
16,437
-

16,437
-



7.


Controlling party

The company is a 100% owned subsidiary of Grandstand Motor Sport Limited, a company registered in England and Wales. The registered office is located at 2nd Floor, Nucleus House, 2 Lower Mortlake Road, Richmond, TW9 2JA.
There is no one controlling party for the ultimate holding company.


8.


Immediate holding company guarantees

The Company holds a trade ATOL licence issued by the Civil Aviation Authority - TRA9711531. One of the terms of the grant of the licence is that the immediate holding Company, Grandstand Motor Sport Limited, provides the Civil Aviation Authority and the Company with unlimited guarantees.

 
Page 4