REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 OCTOBER 2023 TO 31 JULY 2024 |
FOR |
GRANT & WEST LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 OCTOBER 2023 TO 31 JULY 2024 |
FOR |
GRANT & WEST LIMITED |
GRANT & WEST LIMITED (REGISTERED NUMBER: 00914843) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 OCTOBER 2023 TO 31 JULY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
GRANT & WEST LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 OCTOBER 2023 TO 31 JULY 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Old Casino |
28 Fourth Avenue |
Hove |
East Sussex |
BN3 2PJ |
GRANT & WEST LIMITED (REGISTERED NUMBER: 00914843) |
BALANCE SHEET |
31 JULY 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 | 143,730 | 143,730 |
Capital redemption reserve | 10 | 14,471 | 14,471 |
Pension reserve | 10 | - | (3,370,000 | ) |
Retained earnings | 10 | 3,978,605 | 3,478,048 |
SHAREHOLDERS' FUNDS |
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. |
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 |
GRANT & WEST LIMITED (REGISTERED NUMBER: 00914843) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 OCTOBER 2023 TO 31 JULY 2024 |
1. | STATUTORY INFORMATION |
Grant & West Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover represents sales of services and is recognised at the point the customer is entitled to consideration. |
The turnover also includes income from the sale of investments and income from investments. All income is recognised on a receivable basis |
Tangible fixed assets |
Computer equipment | - |
Stocks |
Stock is valued at it's current market value as at the balance sheet date. Any aggregate surplus or deficit from changes in value is recognised in the profit or loss. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 October 2023 |
Disposals | ( |
) |
At 31 July 2024 |
DEPRECIATION |
At 1 October 2023 |
Eliminated on disposal | ( |
) |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 30 September 2023 |
GRANT & WEST LIMITED (REGISTERED NUMBER: 00914843) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 OCTOBER 2023 TO 31 JULY 2024 |
5. | STOCKS |
2024 | 2023 |
£ | £ |
Investments | - | 2,849,934 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Tax |
Deferred tax asset |
Accruals |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Social security and other taxes |
Other creditors |
Pensions | - | 124,937 |
Directors' loan accounts | 1,225 | 4,635 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Pension |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
'C' ordinary | £1 | 51,167 | 51,167 |
'D' ordinary | £1 | 12,843 | 12,843 |
49,750 | 'E' ordinary | £1 | 49,750 | 49,750 |
29,970 | 'F' ordinary | £1 | 29,970 | 29,970 |
143,730 | 143,730 |
10. | RESERVES |
Capital |
Retained | redemption | Pension |
earnings | reserve | reserve | Totals |
£ | £ | £ | £ |
At 1 October 2023 | 3,478,048 | 14,471 | (3,370,000 | ) | 122,519 |
Profit for the period | 538,207 | - | - | 538,207 |
Dividends | ( |
) | - | - | ( |
) |
Pension reserve | - | - | 3,370,000 | 3,370,000 |
At 31 July 2024 | 3,978,605 | 14,471 | - | 3,993,076 |
GRANT & WEST LIMITED (REGISTERED NUMBER: 00914843) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 OCTOBER 2023 TO 31 JULY 2024 |
11. | PENSION COMMITMENTS |
The company operates an unapproved unfunded pension scheme. There are no assets in the scheme and pension commitments are paid from income and/or reserves as and when they become due. As the company has stopped trading, the directors have withdrawn their claim to any future pensions. |
12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
During the period, M Osborne decreased his loan to the company. As at 31 July 2024, the company owed him £1,225 (2023: £4,635). This balance represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand. |
Also during the period, the company paid him rent amounting to £1,228 (2023: £1,570) as a result of utilising office space within his home. |
13. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
This was by virtue of his combined 100% holding of issued share capital. |