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REGISTERED NUMBER: 06761174 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GRMP LTD

GRMP LTD (REGISTERED NUMBER: 06761174)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRMP LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Mr S G Rillstone
Mr M A Oddy
Mr D D Webb





REGISTERED OFFICE: 6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA





REGISTERED NUMBER: 06761174 (England and Wales)





ACCOUNTANTS: Chartswood Limited
Chartered Certified Accountants
6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA

GRMP LTD (REGISTERED NUMBER: 06761174)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,816 2,213
1,816 2,213

CURRENT ASSETS
Debtors 6 135,372 117,182
Cash at bank and in hand 43,418 47,948
178,790 165,130
CREDITORS
Amounts falling due within one year 7 158,642 149,632
NET CURRENT ASSETS 20,148 15,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,964

17,711

CREDITORS
Amounts falling due after more than one
year

8

(14,275

)

(24,164

)

PROVISIONS FOR LIABILITIES 11 (345 ) (381 )
NET ASSETS/(LIABILITIES) 7,344 (6,834 )

CAPITAL AND RESERVES
Called up share capital 12 200 200
Retained earnings 13 7,144 (7,034 )
SHAREHOLDERS' FUNDS 7,344 (6,834 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

GRMP LTD (REGISTERED NUMBER: 06761174)

BALANCE SHEET - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





Mr S G Rillstone - Director


GRMP LTD (REGISTERED NUMBER: 06761174)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

GRMP Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years and subjected to annual impairment reviews.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 3 years
Computer equipment - Straight line over 3 years

GRMP LTD (REGISTERED NUMBER: 06761174)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

GRMP LTD (REGISTERED NUMBER: 06761174)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 116,999
AMORTISATION
At 1 January 2023
and 31 December 2023 116,999
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 5,393 7,570 12,963
Additions - 432 432
At 31 December 2023 5,393 8,002 13,395
DEPRECIATION
At 1 January 2023 5,393 5,357 10,750
Charge for year - 829 829
At 31 December 2023 5,393 6,186 11,579
NET BOOK VALUE
At 31 December 2023 - 1,816 1,816
At 31 December 2022 - 2,213 2,213

GRMP LTD (REGISTERED NUMBER: 06761174)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 50,048 47,628
Amounts owed by related companies 83,066 63,068
Prepayments 2,258 6,486
135,372 117,182

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 10,648 10,648
Trade creditors 27,865 16,378
Amounts owed to related companies 18,443 14,377
Taxation 71,438 78,619
Social security and other taxes - 318
Value added tax 27,498 24,902
Other creditors 111 -
Directors' current accounts 689 1,172
Accruals 1,950 3,218
158,642 149,632

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 14,275 24,164

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,648 10,648

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,648 10,648

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,627 13,516

10. SECURED DEBTS

The bank loans are secured by way of fixed and floating charge over the undertaken and all property and assets present and future.

GRMP LTD (REGISTERED NUMBER: 06761174)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

11. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 345 381

Deferred
tax
£   
Balance at 1 January 2023 381
Credit to Profit and Loss Account during year (36 )
Balance at 31 December 2023 345

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100
100 B Ordinary £1 100 100
200 200

13. RESERVES
Retained
earnings
£   

At 1 January 2023 (7,034 )
Profit for the year 136,778
Dividends (122,600 )
At 31 December 2023 7,144

14. RELATED PARTY DISCLOSURES

During the year, the company traded with RAB Ltd, a company in which Mr S G Rillstone is also a director. The company also received financial support from RAB Ltd. The balance owed to the company by RAB Ltd as at 31 December 2023 amounted to £10,353 (2022 - £5,767).

The company was previously provided financial support by SGRB Ltd, a company in which Mr S G Rillstone is also a director. The balance owed to the company by SGRB Ltd as at 31 December 2023 amounted to £8,090 (2022 - £8,600).

The company also provided financial support to Carters Group Ltd, a company in which Mr S G Rillstone is also a director. The balance owed by Carters Group Ltd from the company as at 31 December 2023 amounted to £63,068 (2022 - £63,068 owed by Carters Group Ltd).

The company also provided financial support to with Carters Property Management Ltd, a company in which Mr S G Rillstone is also a director. The balance owed by Carters Property Management Ltd to the company as at 31 December 2023 amounted to £19,998 (2022 - £NIL).