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Registration number: 08859672

The Grange Bermondsey Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

The Grange Bermondsey Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

The Grange Bermondsey Limited

Company Information

Director

Mr M Downie

Registered office

Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

The Grange Bermondsey Limited

(Registration number: 08859672)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

30,651

26,023

Current assets

 

Stocks

5

12,831

10,754

Debtors

6

331,448

296,366

Cash at bank and in hand

 

23,798

85,264

 

368,077

392,384

Creditors: Amounts falling due within one year

7

(106,553)

(107,027)

Net current assets

 

261,524

285,357

Total assets less current liabilities

 

292,175

311,380

Creditors: Amounts falling due after more than one year

7

(362,883)

(337,682)

Net liabilities

 

(70,708)

(26,302)

Capital and reserves

 

Called up share capital

8

350

350

Retained earnings

(71,058)

(26,652)

Shareholders' deficit

 

(70,708)

(26,302)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

The Grange Bermondsey Limited

(Registration number: 08859672)
Balance Sheet as at 31 January 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 October 2024
 


Mr M Downie
Director

 

The Grange Bermondsey Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

The principal place of business is:
The Grange
103-104 Grange Road
London
SE1 3BW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The director will continue to support the business to ensure all liabilities are met as they fall due.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

The Grange Bermondsey Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% on cost

Fixtures and Fittings

25% on cost

Computer Equipment

33% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2023 - 11).

 

The Grange Bermondsey Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

80,302

55,977

136,279

Additions

14,260

2,882

17,142

At 31 January 2024

94,562

58,859

153,421

Depreciation

At 1 February 2023

56,320

53,936

110,256

Charge for the year

10,624

1,890

12,514

At 31 January 2024

66,944

55,826

122,770

Carrying amount

At 31 January 2024

27,618

3,033

30,651

At 31 January 2023

23,982

2,041

26,023

5

Stocks

2024
£

2023
£

Other inventories

12,831

10,754

6

Debtors

Current

2024
£

2023
£

Prepayments

1,063

978

Other debtors

330,385

295,388

 

331,448

296,366

 

The Grange Bermondsey Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

10,048

9,918

Trade creditors

 

32,617

49,402

Taxation and social security

 

20,892

17,551

Accruals and deferred income

 

35,304

21,081

Other creditors

 

7,692

9,075

 

106,553

107,027

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

362,883

337,682

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

350

350

350

350

       
 

The Grange Bermondsey Limited

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

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

13,997

23,958

Other borrowings

348,886

313,724

362,883

337,682

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,048

9,918

10

Related party transactions

Summary of transactions with other related parties

Mr M Downie and Mr G Bearham are shareholders in both The Grange Bermondsey Limited and DB Innkeepers Limited. DB Innkeepers Limited owns the property from which The Grange Bermondsey Limited runs its trade.
 
At the year end DB Innkeepers Limited owes the company £330,385 (2023 - £295,385), which is included in Other debtors.

At the year end the company owes a balance of £348,886 (2023 - £313,724) to Mr M Downie, which is included in creditors falling due after more than one year.

 

11

Control

The ultimate controlling party is the director, Mr M Downie by virtue of his shareholding in the company.