Relate AccountsProduction v2.7.2 v2.7.2 2022-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts Property rental. 28 August 2023 07475864 2023-06-30 07475864 2022-06-30 07475864 2021-06-30 07475864 2022-07-01 2023-06-30 07475864 2021-07-01 2022-06-30 07475864 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07475864 uk-curr:PoundSterling 2022-07-01 2023-06-30 07475864 uk-bus:AbridgedAccounts 2022-07-01 2023-06-30 07475864 uk-core:ShareCapital 2023-06-30 07475864 uk-core:ShareCapital 2022-06-30 07475864 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 07475864 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 07475864 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 07475864 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-06-30 07475864 uk-bus:FRS102 2022-07-01 2023-06-30 07475864 uk-core:LandBuildings 2022-07-01 2023-06-30 07475864 uk-core:PlantMachinery 2022-07-01 2023-06-30 07475864 uk-core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 07475864 2022-07-01 2023-06-30 07475864 uk-bus:Director1 2022-07-01 2023-06-30 07475864 uk-bus:Director2 2022-07-01 2023-06-30 07475864 uk-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Grange Farm Developments Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 June 2023



Grange Farm Developments Limited
Company Registration Number: 07475864
ABRIDGED STATEMENT OF FINANCIAL POSITION
as at 30 June 2023

2023 2022
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 575,041 561,840
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Current Assets
Debtors 24,703 54,120
Cash and cash equivalents 6,250 29,002
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30,953 83,122
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Creditors: amounts falling due within one year (179,709) (224,295)
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Net Current Liabilities (148,756) (141,173)
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Total Assets less Current Liabilities 426,285 420,667
 
Creditors:
amounts falling due after more than one year (112,431) (122,414)
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Net Assets 313,854 298,253
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Capital and Reserves
Called up share capital 100 100
Retained earnings 313,754 298,153
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Equity attributable to owners of the company 313,854 298,253
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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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Directors' Report.
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 28 August 2023 and signed on its behalf by
           
________________________________          
Philippa Hawes          
Director          
           
________________________________
Christopher Hawes
Director
           



Grange Farm Developments Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 June 2023

   
1. General Information
 
Grange Farm Developments Limited is a company limited by shares incorporated and registered in the England and Wales. The registered number of the company is 07475864. The registered office of the company is Level 1, Devonshire House, One Mayfair Place, London, W1J 8AJ. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 June 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of rent receivable by the company, exclusive of value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 2% Straight line
  Plant and machinery - 25% Reducing balance
  Fixtures, fittings and equipment - 25% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 4, (2022 - 3).
 
  2023 2022
  Number Number
 
Management 2 2
Maintenance 2 1
  ───────── ─────────
  4 3
  ═════════ ═════════
           
4. Property, plant and equipment
  Land and Plant and Fixtures, Total
  buildings machinery fittings and  
  freehold   equipment  
  £ £ £ £
Cost
At 1 July 2022 588,602 121,683 1,753 712,038
Additions 42,000 - - 42,000
  ───────── ───────── ───────── ─────────
At 30 June 2023 630,602 121,683 1,753 754,038
  ───────── ───────── ───────── ─────────
Depreciation
At 1 July 2022 91,510 57,066 1,622 150,198
Charge for the financial year 12,612 16,154 33 28,799
  ───────── ───────── ───────── ─────────
At 30 June 2023 104,122 73,220 1,655 178,997
  ───────── ───────── ───────── ─────────
Net book value
At 30 June 2023 526,480 48,463 98 575,041
  ═════════ ═════════ ═════════ ═════════
At 30 June 2022 497,092 64,617 131 561,840
  ═════════ ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 June 2023.
   
6. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.