Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseBuying and selling of own real estate22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11476077 2022-04-01 2023-03-31 11476077 2021-04-01 2022-03-31 11476077 2023-03-31 11476077 2022-03-31 11476077 c:Director2 2022-04-01 2023-03-31 11476077 d:FurnitureFittings 2022-04-01 2023-03-31 11476077 d:FurnitureFittings 2023-03-31 11476077 d:FurnitureFittings 2022-03-31 11476077 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11476077 d:FreeholdInvestmentProperty 2023-03-31 11476077 d:FreeholdInvestmentProperty 2022-03-31 11476077 d:CurrentFinancialInstruments 2023-03-31 11476077 d:CurrentFinancialInstruments 2022-03-31 11476077 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11476077 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11476077 d:ShareCapital 2023-03-31 11476077 d:ShareCapital 2022-03-31 11476077 d:RetainedEarningsAccumulatedLosses 2023-03-31 11476077 d:RetainedEarningsAccumulatedLosses 2022-03-31 11476077 c:FRS102 2022-04-01 2023-03-31 11476077 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11476077 c:FullAccounts 2022-04-01 2023-03-31 11476077 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 11476077









GRANGE ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
GRANGE ESTATES LIMITED
REGISTERED NUMBER: 11476077

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
903
1,204

Investment property
 5 
123,614
123,614

  
124,517
124,818

Current assets
  

Debtors: amounts falling due within one year
 6 
987
987

Cash at bank and in hand
 7 
5,551
564

  
6,538
1,551

Creditors: amounts falling due within one year
 8 
(156,368)
(151,360)

Net current liabilities
  
 
 
(149,830)
 
 
(149,809)

Total assets less current liabilities
  
(25,313)
(24,991)

Net liabilities
  
(25,313)
(24,991)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(25,413)
(25,091)

  
(25,313)
(24,991)


Page 1

 
GRANGE ESTATES LIMITED
REGISTERED NUMBER: 11476077
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 by: 




J D Greene
Director

Date: 12 March 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GRANGE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Grange Estates Limited is a private company limited by shares and incorporated in England and Wales (Registration number 11476077). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.

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

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results and the solvency of the company. Given that the company is in a net deficit position the directors have obtained assurance from its beneficial owners to continue to provide adequate funds to meet its obligations and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
GRANGE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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 4

 
GRANGE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2022
2,409



At 31 March 2023

2,409



Depreciation


At 1 April 2022
1,205


Charge for the year on owned assets
301



At 31 March 2023

1,506



Net book value



At 31 March 2023
903



At 31 March 2022
1,204

Page 5

 
GRANGE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
123,614



At 31 March 2023
123,614

The 2023 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
123,614
123,614

123,614
123,614


6.


Debtors

2023
2022
£
£

Other debtors
987
987

987
987



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
5,551
564

5,551
564


Page 6

 
GRANGE ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
150,308
145,370

Accruals and deferred income
6,060
5,990

156,368
151,360


 
Page 7