COMPANY REGISTRATION NUMBER:
13726682
Filleted Unaudited Financial Statements |
|
Period from 1 May 2023 to 31 December 2023
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
|
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Statement of financial position |
2 |
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Notes to the financial statements |
3 to 4 |
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Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
The Grange S9 Limited |
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Period from 1 May 2023 to 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Grange S9 Limited for the period ended 31 December 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of The Grange S9 Limited, as a body, in accordance with the terms of our engagement letter dated 15 August 2024. Our work has been undertaken solely to prepare for your approval the financial statements of The Grange S9 Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Grange S9 Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that The Grange S9 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Grange S9 Limited. You consider that The Grange S9 Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of The Grange S9 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES
Chartered accountants
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ
6 September 2024
Statement of Financial Position |
|
31 December 2023
|
31 Dec 23 |
30 Apr 23 |
Note |
£ |
£ |
|
|
|
Current assets
Debtors |
5 |
3,139 |
2 |
Cash at bank and in hand |
14,545 |
– |
|
-------- |
---- |
|
17,684 |
2 |
|
|
|
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Creditors: amounts falling due within one year |
6 |
16,603 |
– |
|
-------- |
---- |
Net current assets |
1,081 |
2 |
|
------- |
---- |
Total assets less current liabilities |
1,081 |
2 |
|
------- |
---- |
Net assets |
1,081 |
2 |
|
------- |
---- |
|
|
|
|
Capital and reserves
Called up share capital |
2 |
2 |
Profit and loss account |
1,079 |
– |
|
------- |
---- |
Shareholders funds |
1,081 |
2 |
|
------- |
---- |
|
|
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
5 September 2024
, and are signed on behalf of the board by:
Company registration number:
13726682
Notes to the Financial Statements |
|
Period from 1 May 2023 to 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Meadow Bridge Cottage, Doncaster Road, Oldcotes, Worksop, S81 8HT.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related outcome. In the opinion of management, there are no judgements or key sources of estimation uncertainty that have a significant impact on the financial statements, other than those state below.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
(2023: Nil).
5.
Debtors
|
31 Dec 23 |
30 Apr 23 |
|
£ |
£ |
Trade debtors |
259 |
– |
Other debtors |
2,880 |
2 |
|
------- |
---- |
|
3,139 |
2 |
|
------- |
---- |
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6.
Creditors:
amounts falling due within one year
|
31 Dec 23 |
30 Apr 23 |
|
£ |
£ |
Corporation tax |
4,743 |
– |
Social security and other taxes |
10,054 |
– |
Other creditors |
1,806 |
– |
|
-------- |
---- |
|
16,603 |
– |
|
-------- |
---- |
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7.
Directors' advances, credits and guarantees
The opening debtor balance on the director loan account, being in respect of unpaid share capital, has been fully repaid during this latest year.