2023-01-012023-12-312023-12-31false08802909GRAD HOUSE LIMITED2024-09-1968209iso4217:GBPxbrli:pure088029092023-01-01088029092023-12-31088029092023-01-012023-12-31088029092022-01-01088029092022-12-31088029092022-01-012022-12-3108802909bus:SmallEntities2023-01-012023-12-3108802909bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3108802909bus:FullAccounts2023-01-012023-12-3108802909bus:PrivateLimitedCompanyLtd2023-01-012023-12-3108802909core:WithinOneYear2023-12-3108802909core:AfterOneYear2023-12-3108802909core:WithinOneYear2022-12-3108802909core:AfterOneYear2022-12-3108802909core:ShareCapital2023-12-3108802909core:SharePremium2023-12-3108802909core:RevaluationReserve2023-12-3108802909core:OtherReservesSubtotal2023-12-3108802909core:RetainedEarningsAccumulatedLosses2023-12-3108802909core:ShareCapital2022-12-3108802909core:SharePremium2022-12-3108802909core:RevaluationReserve2022-12-3108802909core:OtherReservesSubtotal2022-12-3108802909core:RetainedEarningsAccumulatedLosses2022-12-3108802909core:LandBuildings2023-12-3108802909core:PlantMachinery2023-12-3108802909core:Vehicles2023-12-3108802909core:FurnitureFittings2023-12-3108802909core:OfficeEquipment2023-12-3108802909core:NetGoodwill2023-12-3108802909core:IntangibleAssetsOtherThanGoodwill2023-12-3108802909core:ListedExchangeTraded2023-12-3108802909core:UnlistedNon-exchangeTraded2023-12-3108802909core:LandBuildings2022-12-3108802909core:PlantMachinery2022-12-3108802909core:Vehicles2022-12-3108802909core:FurnitureFittings2022-12-3108802909core:OfficeEquipment2022-12-3108802909core:NetGoodwill2022-12-3108802909core:IntangibleAssetsOtherThanGoodwill2022-12-3108802909core:ListedExchangeTraded2022-12-3108802909core:UnlistedNon-exchangeTraded2022-12-3108802909core:LandBuildings2023-01-012023-12-3108802909core:PlantMachinery2023-01-012023-12-3108802909core:Vehicles2023-01-012023-12-3108802909core:FurnitureFittings2023-01-012023-12-3108802909core:OfficeEquipment2023-01-012023-12-3108802909core:NetGoodwill2023-01-012023-12-3108802909core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3108802909core:ListedExchangeTraded2023-01-012023-12-3108802909core:UnlistedNon-exchangeTraded2023-01-012023-12-3108802909core:MoreThanFiveYears2023-01-012023-12-3108802909core:Non-currentFinancialInstruments2023-12-3108802909core:Non-currentFinancialInstruments2022-12-3108802909dpl:CostSales2023-01-012023-12-3108802909dpl:DistributionCosts2023-01-012023-12-3108802909core:LandBuildings2023-01-012023-12-3108802909core:PlantMachinery2023-01-012023-12-3108802909core:Vehicles2023-01-012023-12-3108802909core:FurnitureFittings2023-01-012023-12-3108802909core:OfficeEquipment2023-01-012023-12-3108802909dpl:AdministrativeExpenses2023-01-012023-12-3108802909core:NetGoodwill2023-01-012023-12-3108802909core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3108802909dpl:GroupUndertakings2023-01-012023-12-3108802909dpl:ParticipatingInterests2023-01-012023-12-3108802909dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3108802909core:ListedExchangeTraded2023-01-012023-12-3108802909dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3108802909core:UnlistedNon-exchangeTraded2023-01-012023-12-3108802909dpl:CostSales2022-01-012022-12-3108802909dpl:DistributionCosts2022-01-012022-12-3108802909core:LandBuildings2022-01-012022-12-3108802909core:PlantMachinery2022-01-012022-12-3108802909core:Vehicles2022-01-012022-12-3108802909core:FurnitureFittings2022-01-012022-12-3108802909core:OfficeEquipment2022-01-012022-12-3108802909dpl:AdministrativeExpenses2022-01-012022-12-3108802909core:NetGoodwill2022-01-012022-12-3108802909core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3108802909dpl:GroupUndertakings2022-01-012022-12-3108802909dpl:ParticipatingInterests2022-01-012022-12-3108802909dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3108802909core:ListedExchangeTraded2022-01-012022-12-3108802909dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3108802909core:UnlistedNon-exchangeTraded2022-01-012022-12-3108802909core:NetGoodwill2023-12-3108802909core:IntangibleAssetsOtherThanGoodwill2023-12-3108802909core:LandBuildings2023-12-3108802909core:PlantMachinery2023-12-3108802909core:Vehicles2023-12-3108802909core:FurnitureFittings2023-12-3108802909core:OfficeEquipment2023-12-3108802909core:AfterOneYear2023-12-3108802909core:WithinOneYear2023-12-3108802909core:ListedExchangeTraded2023-12-3108802909core:UnlistedNon-exchangeTraded2023-12-3108802909core:ShareCapital2023-12-3108802909core:SharePremium2023-12-3108802909core:RevaluationReserve2023-12-3108802909core:OtherReservesSubtotal2023-12-3108802909core:RetainedEarningsAccumulatedLosses2023-12-3108802909core:NetGoodwill2022-12-3108802909core:IntangibleAssetsOtherThanGoodwill2022-12-3108802909core:LandBuildings2022-12-3108802909core:PlantMachinery2022-12-3108802909core:Vehicles2022-12-3108802909core:FurnitureFittings2022-12-3108802909core:OfficeEquipment2022-12-3108802909core:AfterOneYear2022-12-3108802909core:WithinOneYear2022-12-3108802909core:ListedExchangeTraded2022-12-3108802909core:UnlistedNon-exchangeTraded2022-12-3108802909core:ShareCapital2022-12-3108802909core:SharePremium2022-12-3108802909core:RevaluationReserve2022-12-3108802909core:OtherReservesSubtotal2022-12-3108802909core:RetainedEarningsAccumulatedLosses2022-12-3108802909core:NetGoodwill2022-01-0108802909core:IntangibleAssetsOtherThanGoodwill2022-01-0108802909core:LandBuildings2022-01-0108802909core:PlantMachinery2022-01-0108802909core:Vehicles2022-01-0108802909core:FurnitureFittings2022-01-0108802909core:OfficeEquipment2022-01-0108802909core:AfterOneYear2022-01-0108802909core:WithinOneYear2022-01-0108802909core:ListedExchangeTraded2022-01-0108802909core:UnlistedNon-exchangeTraded2022-01-0108802909core:ShareCapital2022-01-0108802909core:SharePremium2022-01-0108802909core:RevaluationReserve2022-01-0108802909core:OtherReservesSubtotal2022-01-0108802909core:RetainedEarningsAccumulatedLosses2022-01-0108802909core:AfterOneYear2023-01-012023-12-3108802909core:WithinOneYear2023-01-012023-12-3108802909core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3108802909core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3108802909core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3108802909core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3108802909core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3108802909core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3108802909core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3108802909core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3108802909core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3108802909core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3108802909core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3108802909core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3108802909core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3108802909core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3108802909core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3108802909core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3108802909core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3108802909core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3108802909core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3108802909core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3108802909core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3108802909core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3108802909core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3108802909core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3108802909core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3108802909core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3108802909core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3108802909bus:Director12023-01-012023-12-3108802909bus:Director22023-01-012023-12-3108802909bus:Director32023-01-012023-12-3108802909bus:Director42023-01-012023-12-3108802909core:FurnitureFittingsToolsEquipment2022-12-3108802909core:FurnitureFittingsToolsEquipment2023-12-3108802909core:FurnitureFittingsToolsEquipment2023-01-012023-12-31

GRAD HOUSE LIMITED

Registered Number
08802909
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

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

Directors

ASBRIDGE, Neil Maurice
ASBRIDGE, Sidney George
TWEEDIE, Kerry Moreen
TWEEDIE, Steven

Registered Address

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

Registered Number

08802909 (England and Wales)
GRAD HOUSE LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets33,1933,757
Investment property4840,990840,990
844,183844,747
Current assets
Debtors539,4613,179
Cash at bank and on hand6,58527,248
46,04630,427
Creditors amounts falling due within one year6(565,128)(585,183)
Net current assets (liabilities)(519,082)(554,756)
Total assets less current liabilities325,101289,991
Net assets325,101289,991
Capital and reserves
Called up share capital200200
Profit and loss account324,901289,791
Shareholders' funds325,101289,991
The financial statements were approved and authorised for issue by the Board of Directors on 19 September 2024, and are signed on its behalf by:
ASBRIDGE, Neil Maurice
Director
TWEEDIE, Steven
Director

Registered Company No. 08802909
GRAD HOUSE 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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the rendering of services is recognized by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
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 (%)
Fixtures and fittings15
Investment property
Investment property is carried at fair value determined annually by the directors 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.
Trade and other debtors
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, less any impairment losses for bad and doubtful debts.
Trade and other creditors
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.
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

Fixtures & fittings

Total

££
Cost or valuation
At 01 January 2316,22016,220
At 31 December 2316,22016,220
Depreciation and impairment
At 01 January 2312,46312,463
Charge for year564564
At 31 December 2313,02713,027
Net book value
At 31 December 233,1933,193
At 31 December 223,7573,757
4.Investment property
The 2023 valuations were made by the directors, on an open market value for existing use basis.

£
Fair value at 01 January 23840,990
At 31 December 23840,990
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables36,144909
Other debtors633633
Prepayments and accrued income2,6841,637
Total39,4613,179
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables4-
Taxation and social security8,368761
Other creditors519,171582,111
Accrued liabilities and deferred income37,5852,311
Total565,128585,183
7.Related party transactions
At the reporting date £486,334 (2022 - £548,850) was owed to the directors in respect of loans with the company and are included in creditors. No interest was charged on these loans, which are unsecured and repayable on demand.