2023-01-012023-12-312023-12-31false01705915GRANTRAVEN LIMITED2024-09-1368320iso4217:GBPxbrli:pure017059152023-01-01017059152023-12-31017059152023-01-012023-12-31017059152022-01-01017059152022-12-31017059152022-01-012022-12-3101705915bus:SmallEntities2023-01-012023-12-3101705915bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3101705915bus:FullAccounts2023-01-012023-12-3101705915bus:PrivateLimitedCompanyLtd2023-01-012023-12-3101705915core:WithinOneYear2023-12-3101705915core:AfterOneYear2023-12-3101705915core:WithinOneYear2022-12-3101705915core:AfterOneYear2022-12-3101705915core:ShareCapital2023-12-3101705915core:SharePremium2023-12-3101705915core:RevaluationReserve2023-12-3101705915core:OtherReservesSubtotal2023-12-3101705915core:RetainedEarningsAccumulatedLosses2023-12-3101705915core:ShareCapital2022-12-3101705915core:SharePremium2022-12-3101705915core:RevaluationReserve2022-12-3101705915core:OtherReservesSubtotal2022-12-3101705915core:RetainedEarningsAccumulatedLosses2022-12-3101705915core:LandBuildings2023-12-3101705915core:PlantMachinery2023-12-3101705915core:Vehicles2023-12-3101705915core:FurnitureFittings2023-12-3101705915core:OfficeEquipment2023-12-3101705915core:NetGoodwill2023-12-3101705915core:IntangibleAssetsOtherThanGoodwill2023-12-3101705915core:ListedExchangeTraded2023-12-3101705915core:UnlistedNon-exchangeTraded2023-12-3101705915core:LandBuildings2022-12-3101705915core:PlantMachinery2022-12-3101705915core:Vehicles2022-12-3101705915core:FurnitureFittings2022-12-3101705915core:OfficeEquipment2022-12-3101705915core:NetGoodwill2022-12-3101705915core:IntangibleAssetsOtherThanGoodwill2022-12-3101705915core:ListedExchangeTraded2022-12-3101705915core:UnlistedNon-exchangeTraded2022-12-3101705915core:LandBuildings2023-01-012023-12-3101705915core:PlantMachinery2023-01-012023-12-3101705915core:Vehicles2023-01-012023-12-3101705915core:FurnitureFittings2023-01-012023-12-3101705915core:OfficeEquipment2023-01-012023-12-3101705915core:NetGoodwill2023-01-012023-12-3101705915core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3101705915core:ListedExchangeTraded2023-01-012023-12-3101705915core:UnlistedNon-exchangeTraded2023-01-012023-12-3101705915core:MoreThanFiveYears2023-01-012023-12-3101705915core:Non-currentFinancialInstruments2023-12-3101705915core:Non-currentFinancialInstruments2022-12-3101705915dpl:CostSales2023-01-012023-12-3101705915dpl:DistributionCosts2023-01-012023-12-3101705915core:LandBuildings2023-01-012023-12-3101705915core:PlantMachinery2023-01-012023-12-3101705915core:Vehicles2023-01-012023-12-3101705915core:FurnitureFittings2023-01-012023-12-3101705915core:OfficeEquipment2023-01-012023-12-3101705915dpl:AdministrativeExpenses2023-01-012023-12-3101705915core:NetGoodwill2023-01-012023-12-3101705915core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3101705915dpl:GroupUndertakings2023-01-012023-12-3101705915dpl:ParticipatingInterests2023-01-012023-12-3101705915dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3101705915core:ListedExchangeTraded2023-01-012023-12-3101705915dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3101705915core:UnlistedNon-exchangeTraded2023-01-012023-12-3101705915dpl:CostSales2022-01-012022-12-3101705915dpl:DistributionCosts2022-01-012022-12-3101705915core:LandBuildings2022-01-012022-12-3101705915core:PlantMachinery2022-01-012022-12-3101705915core:Vehicles2022-01-012022-12-3101705915core:FurnitureFittings2022-01-012022-12-3101705915core:OfficeEquipment2022-01-012022-12-3101705915dpl:AdministrativeExpenses2022-01-012022-12-3101705915core:NetGoodwill2022-01-012022-12-3101705915core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3101705915dpl:GroupUndertakings2022-01-012022-12-3101705915dpl:ParticipatingInterests2022-01-012022-12-3101705915dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3101705915core:ListedExchangeTraded2022-01-012022-12-3101705915dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3101705915core:UnlistedNon-exchangeTraded2022-01-012022-12-3101705915core:NetGoodwill2023-12-3101705915core:IntangibleAssetsOtherThanGoodwill2023-12-3101705915core:LandBuildings2023-12-3101705915core:PlantMachinery2023-12-3101705915core:Vehicles2023-12-3101705915core:FurnitureFittings2023-12-3101705915core:OfficeEquipment2023-12-3101705915core:AfterOneYear2023-12-3101705915core:WithinOneYear2023-12-3101705915core:ListedExchangeTraded2023-12-3101705915core:UnlistedNon-exchangeTraded2023-12-3101705915core:ShareCapital2023-12-3101705915core:SharePremium2023-12-3101705915core:RevaluationReserve2023-12-3101705915core:OtherReservesSubtotal2023-12-3101705915core:RetainedEarningsAccumulatedLosses2023-12-3101705915core:NetGoodwill2022-12-3101705915core:IntangibleAssetsOtherThanGoodwill2022-12-3101705915core:LandBuildings2022-12-3101705915core:PlantMachinery2022-12-3101705915core:Vehicles2022-12-3101705915core:FurnitureFittings2022-12-3101705915core:OfficeEquipment2022-12-3101705915core:AfterOneYear2022-12-3101705915core:WithinOneYear2022-12-3101705915core:ListedExchangeTraded2022-12-3101705915core:UnlistedNon-exchangeTraded2022-12-3101705915core:ShareCapital2022-12-3101705915core:SharePremium2022-12-3101705915core:RevaluationReserve2022-12-3101705915core:OtherReservesSubtotal2022-12-3101705915core:RetainedEarningsAccumulatedLosses2022-12-3101705915core:NetGoodwill2022-01-0101705915core:IntangibleAssetsOtherThanGoodwill2022-01-0101705915core:LandBuildings2022-01-0101705915core:PlantMachinery2022-01-0101705915core:Vehicles2022-01-0101705915core:FurnitureFittings2022-01-0101705915core:OfficeEquipment2022-01-0101705915core:AfterOneYear2022-01-0101705915core:WithinOneYear2022-01-0101705915core:ListedExchangeTraded2022-01-0101705915core:UnlistedNon-exchangeTraded2022-01-0101705915core:ShareCapital2022-01-0101705915core:SharePremium2022-01-0101705915core:RevaluationReserve2022-01-0101705915core:OtherReservesSubtotal2022-01-0101705915core:RetainedEarningsAccumulatedLosses2022-01-0101705915core:AfterOneYear2023-01-012023-12-3101705915core:WithinOneYear2023-01-012023-12-3101705915core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3101705915core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3101705915core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3101705915core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3101705915core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3101705915core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3101705915core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3101705915core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3101705915core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3101705915core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3101705915core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3101705915core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3101705915core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3101705915core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3101705915core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3101705915core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3101705915core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3101705915core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3101705915core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3101705915core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3101705915core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3101705915core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3101705915core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3101705915core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3101705915core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3101705915core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3101705915core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3101705915bus:Director12023-01-012023-12-3101705915bus:Director22023-01-012023-12-3101705915bus:Director32023-01-012023-12-31

GRANTRAVEN LIMITED

Registered Number
01705915
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

GRANTRAVEN LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Mr D Brotherton
Mr W Brotherton
Mrs J Fisher

Company Secretary

Mrs J Fisher

Registered Address

James Watson House Montgomery Way
Rosehill Industrial Estate
Carlisle
CA1 2UU

Registered Number

01705915 (England and Wales)
GRANTRAVEN LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets35,4905,227
Investments517,00217,002
Investment property43,170,0003,170,000
3,192,4923,192,229
Current assets
Debtors63,5001,876
Cash at bank and on hand28,37632,306
31,87634,182
Creditors amounts falling due within one year7(164,934)(157,425)
Net current assets (liabilities)(133,058)(123,243)
Total assets less current liabilities3,059,4343,068,986
Provisions for liabilities8(286,064)(291,199)
Net assets2,773,3702,777,787
Capital and reserves
Called up share capital14,64514,645
Other reserves1,308,2391,308,239
Profit and loss account1,450,4861,454,903
Shareholders' funds2,773,3702,777,787
The financial statements were approved and authorised for issue by the Board of Directors on 13 September 2024, and are signed on its behalf by:
Mr W Brotherton
Director
Registered Company No. 01705915
GRANTRAVEN LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis 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.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Rents and management charges receivable relating to freehold investment property are recognised in the period to which they relate.
Current taxation
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
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Vehicles25-
Office Equipment-4
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are 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 Income Statement.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial 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.Average number of employees

20232022
Average number of employees during the year44
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 January 2332,9286,55739,485
Additions1,2005201,720
At 31 December 2334,1287,07741,205
Depreciation and impairment
At 01 January 2327,7016,55734,258
Charge for year1,3271301,457
At 31 December 2329,0286,68735,715
Net book value
At 31 December 235,1003905,490
At 31 December 225,227-5,227
4.Investment property
The 2023 valuations were made by the directors, on an open market value for existing use basis. Historic cost = £1,577,519

£
Fair value at 01 January 233,170,000
At 31 December 233,170,000
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 January 2317,00217,002
At 31 December 2317,00217,002
Net book value
At 31 December 2317,00217,002
At 31 December 2217,00217,002

Notes

1Other investments other than loans
6.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables3,5001,876
Total3,5001,876
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables6157
Other creditors160,294153,385
Accrued liabilities and deferred income4,5793,983
Total164,934157,425
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Bank borrowings and overdrafts are secured by way of a fixed and floating charge over the assets of the company.
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)286,064291,199
Total286,064291,199