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GRIMSTEAD LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2023




















Company Registration Number - 08760875





















1.
GRIMSTEAD LIMITED
COMPANY NUMBER - 08760875

Balance sheet as at 30 November 2023





2023
2022

Notes
£ £ £ £
FIXED ASSETS





Tangible assets 4
398,142
164,624

Current assets




Cash at bank and in hand
20,115
81,086




20,115
81,086
Current liabilities




Creditors - Amounts
falling due within one year 5 235,894
87,624


NET CURRENT LIABILITIES

(215,779)
(6,538)


Total assets less current liabilities

182,363
158,086






Creditors - Amounts falling

due after more than one year 5
(124,464)
(124,464)


Net assets

57,899
33,622














2.
GRIMSTEAD LIMITED
COMPANY NUMBER - 08760875

Balance sheet as at 30 November 2023





2023
2022

Notes
£
£
CAPITAL AND RESERVES

Called up share capital 6
1
1

Profit and Loss account

57,898
33,621


Shareholders' funds

57,899
33,622



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 30 November 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


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.


Approved by the board of directors on 27 August 2024
and signed on their behalf by:




MR R C GRIMSTEAD



Director



The notes on pages 3 to 4 form an integral part of these accounts.


3.
GRIMSTEAD LIMITED

Notes to the Financial Statements

For the year ended 30 November 2023


1. General Information

GRIMSTEAD LIMITED is a Private Company, limited by shares, domiciled in England and Wales, registration number 08760875.


The company's registered office is Brunswick House, 1 Weirfield Green, Taunton, Somerset TA1 1AZ.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Fixed asset investments

Investments held as fixed assets are stated at cost, together with subsequent capital contributions, less any provision for impairment in value.
Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the investment.


3. Employees

The average number employed by the company (including directors) during the year 2023 was 1
and in the previous year 2022 was 1.

4. Fixed assets - tangible



Land and

Buildings


Fair value £


At 1 December 2022 164,624
Additions 233,518

At 30 November 2023 398,142

Net book values
At 30 November 2023 398,142
At 1 December 2022 164,624



Freehold land and buildings include £162500 relating to land.



4.
GRIMSTEAD LIMITED

Notes to the Financial Statements

For the year ended 30 November 2023




2023
2022


£
£
5. Creditors

Amounts falling due within one year:



Trade creditors 703
573
Taxation and social security 6,027
7,886
Director's Current Accounts 229,164
79,165


235,894 87,624


Amounts falling due after one year:



Other creditors:



Bank loan 124,464
124,464


The loan is secured against the property.

6. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



Ordinary shares of £1 each 1
1