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REGISTERED NUMBER: NI007856 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 6 APRIL 2023 TO 20 JUNE 2024

FOR

GRANDSTAND LIMITED

GRANDSTAND LIMITED (REGISTERED NUMBER: NI007856)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 APRIL 2023 TO 20 JUNE 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


GRANDSTAND LIMITED

COMPANY INFORMATION
FOR THE PERIOD 6 APRIL 2023 TO 20 JUNE 2024







DIRECTORS: M I Macaulay
Dr C Macaulay
Ms L N Mackenzie





SECRETARY: Ms L N Mackenzie





REGISTERED OFFICE: 1 Fortwilliam Drive
Belfast
BT15 4EB





REGISTERED NUMBER: NI007856 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
Chartered Certified Accountants
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

GRANDSTAND LIMITED (REGISTERED NUMBER: NI007856)

BALANCE SHEET
20 JUNE 2024

20.6.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,032
Investment property 5 - 335,000
- 336,032

CURRENT ASSETS
Debtors 6 1 259
Investments 7 - 521,556
Prepayments and accrued income 170 3,299
Cash at bank 1,063,909 220,453
1,064,080 745,567
CREDITORS
Amounts falling due within one year 8 5,625 4,645
NET CURRENT ASSETS 1,058,455 740,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,058,455

1,076,954

PROVISIONS FOR LIABILITIES - 26,603
NET ASSETS 1,058,455 1,050,351

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 9 254,369 254,369
Capital redemption reserve 110,000 110,000
Retained earnings 684,086 675,982
1,058,455 1,050,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 20 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 20 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GRANDSTAND LIMITED (REGISTERED NUMBER: NI007856)

BALANCE SHEET - continued
20 JUNE 2024


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 Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





Ms L N Mackenzie - Director


GRANDSTAND LIMITED (REGISTERED NUMBER: NI007856)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 APRIL 2023 TO 20 JUNE 2024


1. STATUTORY INFORMATION

Grandstand Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

GRANDSTAND LIMITED (REGISTERED NUMBER: NI007856)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 APRIL 2023 TO 20 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023
and 20 June 2024 35,380
DEPRECIATION
At 6 April 2023 34,348
Charge for period 1,032
At 20 June 2024 35,380
NET BOOK VALUE
At 20 June 2024 -
At 5 April 2023 1,032

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023 335,000
Disposals (335,000 )
At 20 June 2024 -
NET BOOK VALUE
At 20 June 2024 -
At 5 April 2023 335,000

Fair value at 20 June 2024 is represented by:
£   
Valuation in 2022 350,000
Valuation in 2023 (15,000 )
335,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20.6.24 5.4.23
£    £   
Trade debtors 1 -
Other debtors - 259
1 259

GRANDSTAND LIMITED (REGISTERED NUMBER: NI007856)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 APRIL 2023 TO 20 JUNE 2024


7. CURRENT ASSET INVESTMENTS
20.6.24 5.4.23
£    £   
Listed investments - 521,556

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20.6.24 5.4.23
£    £   
Taxation and social security - 374
Other creditors 5,625 4,271
5,625 4,645

9. RESERVES
Revaluation
reserve
£   
At 6 April 2023
and 20 June 2024 254,369