Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false102023-01-01No description of principal activity12falsetrue 02869774 2023-01-01 2023-12-31 02869774 2022-01-01 2022-12-31 02869774 2023-12-31 02869774 2022-12-31 02869774 2022-01-01 02869774 2 2023-01-01 2023-12-31 02869774 2 2022-01-01 2022-12-31 02869774 d:Director1 2023-01-01 2023-12-31 02869774 e:Buildings 2023-01-01 2023-12-31 02869774 e:Buildings 2023-12-31 02869774 e:Buildings 2022-12-31 02869774 e:Buildings e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02869774 e:FurnitureFittings 2023-01-01 2023-12-31 02869774 e:FurnitureFittings 2023-12-31 02869774 e:FurnitureFittings 2022-12-31 02869774 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02869774 e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02869774 e:FreeholdInvestmentProperty 2023-12-31 02869774 e:FreeholdInvestmentProperty 2022-12-31 02869774 e:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 02869774 e:CurrentFinancialInstruments 2023-12-31 02869774 e:CurrentFinancialInstruments 2022-12-31 02869774 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 02869774 e:CurrentFinancialInstruments e:WithinOneYear 2022-12-31 02869774 e:ShareCapital 2023-01-01 2023-12-31 02869774 e:ShareCapital 2023-12-31 02869774 e:ShareCapital 2022-01-01 2022-12-31 02869774 e:ShareCapital 2022-12-31 02869774 e:ShareCapital 2022-01-01 02869774 e:InvestmentPropertiesRevaluationReserve 2023-01-01 2023-12-31 02869774 e:InvestmentPropertiesRevaluationReserve 2023-12-31 02869774 e:InvestmentPropertiesRevaluationReserve 2 2023-01-01 2023-12-31 02869774 e:InvestmentPropertiesRevaluationReserve 2022-01-01 2022-12-31 02869774 e:InvestmentPropertiesRevaluationReserve 2022-12-31 02869774 e:InvestmentPropertiesRevaluationReserve 2022-01-01 02869774 e:InvestmentPropertiesRevaluationReserve 2 2022-01-01 2022-12-31 02869774 e:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 02869774 e:RetainedEarningsAccumulatedLosses 2023-12-31 02869774 e:RetainedEarningsAccumulatedLosses 2 2023-01-01 2023-12-31 02869774 e:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 02869774 e:RetainedEarningsAccumulatedLosses 2022-12-31 02869774 e:RetainedEarningsAccumulatedLosses 2022-01-01 02869774 e:RetainedEarningsAccumulatedLosses 2 2022-01-01 2022-12-31 02869774 d:FRS102 2023-01-01 2023-12-31 02869774 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02869774 d:FullAccounts 2023-01-01 2023-12-31 02869774 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02869774 e:AcceleratedTaxDepreciationDeferredTax 2023-12-31 02869774 e:AcceleratedTaxDepreciationDeferredTax 2022-12-31 02869774 e:OtherDeferredTax 2023-12-31 02869774 e:OtherDeferredTax 2022-12-31 02869774 2 2023-01-01 2023-12-31 02869774 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

02869774







GRAND BOIS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 DECEMBER 2023

































GRAND BOIS LIMITED
REGISTERED NUMBER:02869774

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
267,755
284,453

Investment property
 5 
390,361
384,586

  
658,116
669,039

Current assets
  

Stocks
 6 
1,983
1,983

Debtors: amounts falling due within one year
 7 
9,973
20,856

Bank and cash balances
  
133,290
111,631

  
145,246
134,470

Creditors: amounts falling due within one year
 8 
(101,331)
(46,698)

Net current assets
  
 
 
43,915
 
 
87,772

Total assets less current liabilities
  
702,031
756,811

Provisions for liabilities
  

Deferred tax
 9 
(50,802)
(51,062)

  
 
 
50,802
 
 
51,062

Net assets
  
651,229
705,749


Capital and reserves
  

Called up share capital 
  
100
100

Investment property reserve
  
252,121
246,346

Profit and loss account
  
399,008
459,303

  
651,229
705,749


Page 1

GRAND BOIS LIMITED
REGISTERED NUMBER:02869774
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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. Skene
Director

Date: 18 August 2024

The notes on pages 4 to 11 form part of these financial statements.

Page 2

GRAND BOIS LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 January 2022
100
253,120
552,602
805,822


Comprehensive income for the year

Profit for the year
-
-
4,927
4,927


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
4,927
4,927


Contributions by and distributions to owners

Dividends
-
-
(105,000)
(105,000)

Transfer to/(from) profit and loss account
-
(6,774)
6,774
-


Total transactions with owners
-
(6,774)
(98,226)
(105,000)



At 1 January 2023
100
246,346
459,303
705,749


Comprehensive income for the year

Profit for the year
-
-
15,480
15,480


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
15,480
15,480


Contributions by and distributions to owners

Dividends
-
-
(70,000)
(70,000)

Transfer to/(from) profit and loss account
-
5,775
(5,775)
-


Total transactions with owners
-
5,775
(75,775)
(70,000)


At 31 December 2023
100
252,121
399,008
651,229


The notes on pages 4 to 11 form part of these financial statements.

Page 3

GRAND BOIS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Grand Bois Limited (the 'Company') is a company limited by shares registered and incorporated in England and Wales. 
The Company's registered office & place of business is Russell Hotel, 80 London Road, Tunbridge Wells, Kent, TN1 1DZ. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

Monetary amounts in these financial statements are stated in pounds sterling and are rounded to the nearest whole £1, except where otherwise indicated.  

The following principal accounting policies have been applied:

 
2.2

Going concern

Having taken into account all available information about the company’s trading prospects and cash flow requirements for 12 months from the date of approval of the financial statements, the directors consider that the company is a going concern.

 
2.3

 Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 4

GRAND BOIS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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. 

Revenue deriving from guest accommodation is recognised once the guest has completed a night's stay. Food and beverage sales are recognised at the point of consumption.   

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.6

 Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

 Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

GRAND BOIS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

 Taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 6

GRAND BOIS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.  

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight line
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.

 
2.10

 Investment property

Investment property is carried at fair value determined annually by the directors 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 the Statement of Comprehensive Income.

 
2.11

 Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

 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.

 
2.13

 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.

Page 7

GRAND BOIS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.14

 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.

 
2.15

 Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of ifinancial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.16

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees



The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Average number
10
12

Page 8

GRAND BOIS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2023
494,229
135,557
629,786



At 31 December 2023

494,229
135,557
629,786



Depreciation


At 1 January 2023
237,025
108,308
345,333


Charge for the year on owned assets
9,885
6,813
16,698



At 31 December 2023

246,910
115,121
362,031



Net book value



At 31 December 2023
247,319
20,436
267,755



At 31 December 2022
257,204
27,249
284,453


5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
384,586


Surplus on revaluation
5,775



At 31 December 2023
390,361

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
128,458
128,458

Page 9

GRAND BOIS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Stocks

2023
2022
£
£

Finished goods
1,983
1,983



7.


Debtors

2023
2022
£
£


Trade debtors
5,328
16,902

Prepayments and accrued income
4,645
3,954

9,973
20,856



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Payments received on account
1,335
1,584

Trade creditors
10,266
6,330

Corporation tax
11,834
6,974

Other taxation and social security
18,851
20,380

Other creditors
52,633
3,633

Accruals and deferred income
6,412
7,797

101,331
46,698



9.


Deferred taxation




2023


£






At beginning of year
(51,062)


Charged to profit or loss
260



At end of year
(50,802)

Page 10

GRAND BOIS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Potential tax due on sale of investment property
(45,693)
(44,250)

Fixed asset timing differences
(5,109)
(6,812)

(50,802)
(51,062)


10.


Related party transactions

During the year the directors and their close family loaned the company £49,000.  At the year end, the company owed £52,633 (2022: £3,633) to the directors and their close family. This is included in other creditors due within one year. The balance is interest free and repayable on demand. 

Page 11