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REGISTERED NUMBER: 09027326 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Grange Estates (England) Limited

Grange Estates (England) Limited (Registered number: 09027326)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grange Estates (England) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: P H Roughton





REGISTERED OFFICE: The Grange
Eaudyke Road
Friskney
Lincolnshire
PE22 8RT





REGISTERED NUMBER: 09027326 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Grange Estates (England) Limited (Registered number: 09027326)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 200,000 200,000
Tangible assets 5 2,729,910 2,765,599
Investments 6 2 2
Investment property 7 2,020,495 1,503,622
4,950,407 4,469,223

CURRENT ASSETS
Stocks 30,543 27,169
Debtors 8 98,972 147,681
Cash at bank 61,793 -
191,308 174,850
CREDITORS
Amounts falling due within one year 9 215,117 201,790
NET CURRENT LIABILITIES (23,809 ) (26,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,926,598

4,442,283

CREDITORS
Amounts falling due after more than one
year

10

(811,685

)

(881,534

)

PROVISIONS FOR LIABILITIES (116,057 ) (19,336 )
NET ASSETS 3,998,856 3,541,413

CAPITAL AND RESERVES
Called up share capital 11 34,474 34,474
Share premium 1,662,346 1,662,346
Fair value reserve 12 419,190 -
Retained earnings 1,882,846 1,844,593
SHAREHOLDERS' FUNDS 3,998,856 3,541,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Grange Estates (England) Limited (Registered number: 09027326)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





P H Roughton - Director


Grange Estates (England) Limited (Registered number: 09027326)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Grange Estates (England) 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.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance and 10% on 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.

Stocks
Stocks are valued at the lower of cost and net realisable value in accordance with HS232 Farm Stock Valuation.

Financial instruments
The Company only 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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

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.

Grange Estates (England) Limited (Registered number: 09027326)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 39,918 200,000 239,918
AMORTISATION
At 1 February 2023
and 31 January 2024 39,918 - 39,918
NET BOOK VALUE
At 31 January 2024 - 200,000 200,000
At 31 January 2023 - 200,000 200,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 2,587,900 321,375 2,909,275
Additions - 5,028 5,028
Disposals - (2,932 ) (2,932 )
At 31 January 2024 2,587,900 323,471 2,911,371
DEPRECIATION
At 1 February 2023 - 143,676 143,676
Charge for year - 40,017 40,017
Eliminated on disposal - (2,232 ) (2,232 )
At 31 January 2024 - 181,461 181,461
NET BOOK VALUE
At 31 January 2024 2,587,900 142,010 2,729,910
At 31 January 2023 2,587,900 177,699 2,765,599

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 2
NET BOOK VALUE
At 31 January 2024 2
At 31 January 2023 2

Grange Estates (England) Limited (Registered number: 09027326)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 1,503,622
Revaluations 516,873
At 31 January 2024 2,020,495
NET BOOK VALUE
At 31 January 2024 2,020,495
At 31 January 2023 1,503,622

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 516,873
Cost 1,503,622
2,020,495

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,013 51,758
Amounts owed by group undertakings 49,552 63,269
Other debtors 8,407 32,654
98,972 147,681

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 49,800 64,224
Hire purchase contracts 20,096 19,754
Trade creditors 70,825 100,036
Amounts owed to group undertakings 15,231 -
Taxation and social security 31,563 4,311
Other creditors 27,602 13,465
215,117 201,790

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 747,938 797,691
Hire purchase contracts 63,747 83,843
811,685 881,534

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 547,057 547,010

Grange Estates (England) Limited (Registered number: 09027326)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
34,474 Ordinary £1 34,474 34,474

12. RESERVES
Fair
value
reserve
£   
Revaluation 419,190

At 31 January 2024 419,190