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REGISTERED NUMBER: 07718632 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Grey Hare Limited

Grey Hare Limited (Registered number: 07718632)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Grey Hare Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: N Clarke





SECRETARY: N Clarke





REGISTERED OFFICE: Greengarth
Thicket Grove
Maidenhead
Berkshire
SL6 4LW





REGISTERED NUMBER: 07718632 (England and Wales)





ACCOUNTANT: Ian S Anderson, Chartered Accountant
Greengarth
Thicket Grove
Maidenhead
Berkshire
SL6 4LW

Grey Hare Limited (Registered number: 07718632)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,493 4,696

CURRENT ASSETS
Stocks 16,403 6,926
Debtors 5 112,259 12,382
Cash at bank and in hand 174,955 226,422
303,617 245,730
CREDITORS
Amounts falling due within one year 6 309,661 250,275
NET CURRENT LIABILITIES (6,044 ) (4,545 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,551

)

151

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,651 ) 51
SHAREHOLDERS' FUNDS (1,551 ) 151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 30 August 2024 and were signed by:





N Clarke - Director


Grey Hare Limited (Registered number: 07718632)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Grey Hare 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.

The financial statements have been prepared on a going concern basis. In the opinion of the director the company will have sufficient funds to trade satisfactorily for the foreseeable future & Brexit and the Ukraine war have not affected this. In any case the director has confirmed support for operations. Covid -19 has affected businesses generally but has not adversely impacted on the company's going concern basis and consequently these financial statements have been prepared on that basis.

Turnover
Turnover represents net invoiced sales of goods and services performed in the accounting period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Grey Hare Limited (Registered number: 07718632)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Prepaid events
Deposits received for events in the following period are disclosed within other creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 17,991
Additions 2,043
At 31 August 2023 20,034
DEPRECIATION
At 1 September 2022 13,295
Charge for year 2,246
At 31 August 2023 15,541
NET BOOK VALUE
At 31 August 2023 4,493
At 31 August 2022 4,696

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,890 -
Other debtors 68,369 12,382
112,259 12,382

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,761 23,358
Taxation and social security 40,704 34,515
Other creditors 256,196 192,402
309,661 250,275

7. ULTIMATE CONTROLLING PARTY

The controlling party is N Clarke.