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Registered Number: 13188026
England and Wales

 

 

 

THE GRANGE HOLIDAYS FLAMBOROUGH LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Directors Jacqueline Mary Wright
Jonathon Michael Wright
Registered Number 13188026
Registered Office 200 Cole Lane Borrowash
Borrowash
Derby
Derbyshire
DE72 3GN
Accountants aa Chartered Accountants
Fenlake House,
Fenlake Business Centre,
Fengate, Peterborough,
Cambridgeshire
PE1 5BQ
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 29 February 2024
Principal activities
The companys principal activity during the year was other holiday and other collective accommodation.
Directors
The directors who served the company throughout the year were as follows:
Jacqueline Mary Wright
Jonathon Michael Wright
Statement of directors' responsibilities
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Jacqueline Mary Wright
Director

Date approved: 03 October 2024
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of The Grange Holidays Flamborough Limited for the year ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Grange Holidays Flamborough Limited for the year ended 29 February 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of The Grange Holidays Flamborough Limited, as a body, in accordance with the terms of our engagement letter dated 03 October 2024. Our work has been undertaken solely to prepare for your approval the accounts of The Grange Holidays Flamborough Limited and state those matters that we have agreed to state to the Board of Directors of The Grange Holidays Flamborough Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Grange Holidays Flamborough Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Grange Holidays Flamborough Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Grange Holidays Flamborough Limited. You consider that The Grange Holidays Flamborough Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Grange Holidays Flamborough Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended 29 February 2024



....................................................
aa Chartered Accountants
Fenlake House,
Fenlake Business Centre,
Fengate, Peterborough,
Cambridgeshire
PE1 5BQ
03 October 2024
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,217,026    1,209,773 
1,217,026    1,209,773 
Current assets      
Debtors 4 17,501    4,910 
Cash at bank and in hand 22,091    9,882 
39,592    14,792 
Creditors: amount falling due within one year 5 (273,368)   (257,575)
Net current assets (233,776)   (242,783)
 
Total assets less current liabilities 983,250    966,990 
Creditors: amount falling due after more than one year 6 (707,688)   (701,913)
Accruals and deferred income 2,762   
Provisions for liabilities 7 (1,297)   (1,297)
Net assets 277,027    263,780 
 

Capital and reserves
     
Called up share capital 8 300    300 
Reserves 9 266,467    266,467 
Profit and loss account 10,260    (2,987)
Shareholders' funds 277,027    263,780 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 03 October 2024 and were signed on its behalf by:


-------------------------------
Jacqueline Mary Wright
Director
4
General Information
The Grange Holidays Flamborough Limited is a private company, limited by shares, registered in England and Wales, registration number 13188026, registration address 200 Cole Lane Borrowash, Borrowash, Derby, Derbyshire, DE72 3GN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Straight Line
Computer Equipment 25% Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees including directors

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Investment properties   Total
  £   £   £   £
At 01 March 2023 10,775    2,292    1,201,240    1,214,307 
Additions 3,895      6,865    10,760 
Disposals      
At 29 February 2024 14,670    2,292    1,208,105    1,225,067 
Depreciation
At 01 March 2023 3,564    970      4,534 
Charge for year 2,934    573      3,507 
On disposals      
At 29 February 2024 6,498    1,543      8,041 
Net book values
Closing balance as at 29 February 2024 8,172    749    1,208,105    1,217,026 
Opening balance as at 01 March 2023 7,211    1,322    1,201,240    1,209,773 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 3,679    723 
Prepayments & Accrued Income 9,909    4,187 
Other Debtors 3,913   
17,501    4,910 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 12,162    2,034 
PAYE & Social Security 416    208 
Accrued Expenses   599 
Directors' Current Accounts 256,932    254,246 
VAT 3,858    488 
273,368    257,575 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Other Creditors 14,688    8,913 
Other loans 693,000    693,000 
707,688    701,913 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 1,297    1,297 
1,297    1,297 

8.

Share Capital

Authorised
300 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
300 Class A shares of £1.00 each 300    300 
300    300 

9.

Reserves

2024
£
  2023
£
Revaluation Reserve b/fwd 266,467   
Revaluation of Fixed Assets   266,467 
266,467    266,467 

10.

Director’s loan

Money advanced to the company by directors

Description   2024
£
  2023
£
Balance Brought forward 254,246  222,484 
Money advanced to the company during the year 7,241  46,756 
Repayment of loan account (4,555) (14,994)
Closing balance as at 28 February 2022 256,932  254,246 

This loan is charged at HMRC recommended rated of 2.5% and payable in instalments. 
11.

Other loans - Security

The loan included in other loans is secured against the properties.
12.

Other loans

The other loans included in creditors due more than one year has an amount of £693,000 which is due after more than one year. 
5