IRIS Accounts Production v24.2.0.383 06033446 director 1.1.23 31.12.23 31.12.23 false true false false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060334462022-12-31060334462023-12-31060334462023-01-012023-12-31060334462021-12-31060334462022-01-012022-12-31060334462022-12-3106033446ns15:EnglandWales2023-01-012023-12-3106033446ns14:PoundSterling2023-01-012023-12-3106033446ns10:Director12023-01-012023-12-3106033446ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106033446ns10:SmallEntities2023-01-012023-12-3106033446ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106033446ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106033446ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106033446ns10:AbridgedAccounts2023-01-012023-12-3106033446ns5:Associate12023-01-012023-12-3106033446ns10:OrdinaryShareClass12023-01-012023-12-3106033446ns10:RegisteredOffice2023-01-012023-12-3106033446ns5:CurrentFinancialInstruments2023-12-3106033446ns5:CurrentFinancialInstruments2022-12-3106033446ns5:Non-currentFinancialInstruments2023-12-3106033446ns5:Non-currentFinancialInstruments2022-12-3106033446ns5:ShareCapital2023-12-3106033446ns5:ShareCapital2022-12-3106033446ns5:RetainedEarningsAccumulatedLosses2023-12-3106033446ns5:RetainedEarningsAccumulatedLosses2022-12-31060334461ns5:Associate12023-01-012023-12-3106033446ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3106033446ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-3106033446ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 06033446 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GRENACHE LIMITED

GRENACHE LIMITED (REGISTERED NUMBER: 06033446)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GRENACHE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr D H Price





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 06033446 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

GRENACHE LIMITED (REGISTERED NUMBER: 06033446)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 5 17,110 17,110
Investment property 6 350,179 350,179
367,289 367,289

CURRENT ASSETS
Debtors 187,854 209,724
Cash at bank 298,248 148,667
486,102 358,391
CREDITORS
Amounts falling due within one year 106,384 72,330
NET CURRENT ASSETS 379,718 286,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

747,007

653,350

CREDITORS
Amounts falling due after more than one year 7 220,023 224,339
NET ASSETS 526,984 429,011

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 526,983 429,010
SHAREHOLDERS' FUNDS 526,984 429,011

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 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.

GRENACHE LIMITED (REGISTERED NUMBER: 06033446)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 September 2024 and were signed by:





Mr D H Price - Director


GRENACHE LIMITED (REGISTERED NUMBER: 06033446)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Grenache 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Investments in associates
Investments in associate undertakings are recognised at cost.

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 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

GRENACHE LIMITED (REGISTERED NUMBER: 06033446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 17,110
NET BOOK VALUE
At 31 December 2023 17,110
At 31 December 2022 17,110

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Seymour Investments Limited
Registered office: United Kingdom
Nature of business: Property investment
%
Class of shares: holding
Ordinary 50.00

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 350,179
NET BOOK VALUE
At 31 December 2023 350,179
At 31 December 2022 350,179

GRENACHE LIMITED (REGISTERED NUMBER: 06033446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable otherwise than by instalments
Bank loans due more than 5
years 188,832 187,837
188,832 187,837

Repayable by instalments
Bounce Back loan > 5 years
by instalments 8,564 14,434
8,564 14,434

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

Seymour Investments Limited
The director, Mr D H Price, is the director of Seymour Investments Limited. Mr D Price and Grenache Limited each own 50% of the issued share capital of Seymour Investments Limited. At the balance sheet date, the amount due from Seymour Investments Limited to the company is £94,606 (2022 - £94,606).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D H Price.

He owns 100% of the issued share capital of the company.