Company Registration No. 10623937 (England and Wales)
GRANDMASTER FINANCE LIMITED
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
GRANDMASTER FINANCE LIMITED
Unaudited accounts
Contents
GRANDMASTER FINANCE LIMITED
Company Information
for the period from 1 March 2023 to 28 February 2024
Company Number
10623937 (England and Wales)
Registered Office
3 Roundwood Lake
Hutton
Brentwood
Essex
CM13 2NJ
United Kingdom
GRANDMASTER FINANCE LIMITED
Statement of financial position
as at 28 February 2024
Tangible assets
2,440
6,042
Cash at bank and in hand
95,356
112,467
Creditors: amounts falling due within one year
(8,337)
(30,048)
Net current assets
130,983
132,824
Net assets
133,423
138,866
Called up share capital
100
100
Profit and loss account
133,323
138,766
Shareholders' funds
133,423
138,866
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2024 and were signed on its behalf by
Mr R Pert
Director
Company Registration No. 10623937
GRANDMASTER FINANCE LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
GRANDMASTER FINANCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10623937. The registered office is 3 Roundwood Lake, Hutton, Brentwood, Essex, CM13 2NJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 1 March 2023 to 28 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
3,405
11,242
14,647
At 28 February 2024
3,405
11,542
14,947
At 1 March 2023
1,412
7,193
8,605
Charge for the period
1,028
2,874
3,902
At 28 February 2024
2,440
10,067
12,507
At 28 February 2024
965
1,475
2,440
At 28 February 2023
1,993
4,049
6,042
GRANDMASTER FINANCE LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Amounts falling due within one year
Other debtors
41,000
45,000
6
Investments held as current assets
2024
2023
Unlisted investments
2,964
5,405
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
82
6,787
Loans from directors
7,880
16,815
8
Average number of employees
During the period the average number of employees was 0 (2023: 1).