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REGISTERED NUMBER: 00914843 (England and Wales)















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: M A Osborne





SECRETARY: M A Osborne





REGISTERED OFFICE: The Lea
Melton Avenue
Storrington
West Sussex
RH20 4BH





REGISTERED NUMBER: 00914843 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
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 - 2,849,934
Debtors 6 9,321 125,269
Cash at bank 4,165,949 1,265,513
4,175,270 4,240,716
CREDITORS
Amounts falling due within one year 7 38,464 229,404
NET CURRENT ASSETS 4,136,806 4,011,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,136,806

4,011,312

CREDITORS
Amounts falling due after more than one
year

8

-

3,745,063
NET ASSETS 4,136,806 266,249

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 4,136,806 266,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 14 August 2024 and were signed by:





M A Osborne - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023 4,175
Disposals (4,175 )
At 31 July 2024 -
DEPRECIATION
At 1 October 2023 4,175
Eliminated on disposal (4,175 )
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 88 88
Deferred tax asset - 125,000
Accruals 9,207 -
Prepayments 26 181
9,321 125,269

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 390 -
Amounts owed to group undertakings - 95,848
Social security and other taxes 652 932
Other creditors 33,298 -
Pensions - 124,937
Directors' loan accounts 1,225 4,635
Accrued expenses 2,899 3,052
38,464 229,404

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Pension - 3,745,063

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51,167 'C' ordinary £1 51,167 51,167
12,843 '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 (37,650 ) - - (37,650 )
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 M A Osborne.

This was by virtue of his combined 100% holding of issued share capital.