Grandie Investments Ltd 10823333 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is Letting of Own Property Digita Accounts Production Advanced 6.30.9574.0 true 10823333 2022-11-01 2023-10-31 10823333 2023-10-31 10823333 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 10823333 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 10823333 bus:Micro-entities 2022-11-01 2023-10-31 10823333 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 10823333 bus:FullAccounts 2022-11-01 2023-10-31 10823333 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 10823333 bus:RegisteredOffice 2022-11-01 2023-10-31 10823333 bus:Director1 2022-11-01 2023-10-31 10823333 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10823333 countries:England 2022-11-01 2023-10-31 10823333 2021-11-01 2022-10-31 10823333 2022-10-31 10823333 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 10823333 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 10823333

Grandie Investments Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Grandie Investments Ltd

(Registration number: 10823333)
Balance Sheet as at 31 October 2023

2023
£

2022
£

Fixed assets

1,420,000

1,120,000

Current assets

46,804

47,818

Creditors: Amounts falling due within one year

(302,006)

(76,882)

Net current liabilities

(255,202)

(29,064)

Total assets less current liabilities

1,164,798

1,090,936

Creditors: Amounts falling due after more than one year

(752,690)

(752,643)

Provisions for liabilities

(90,000)

(57,950)

 

322,108

280,343

Capital and reserves

322,108

280,343

1

General information

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

The address of its registered office is:
Shop 2, 130 Hagley Road
Hayley Green
Halesowen
West Midlands
B63 1DY

These financial statements were authorised for issue by the Board on 31 October 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Grandie Investments Ltd

(Registration number: 10823333)
Balance Sheet as at 31 October 2023

3

Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £752,690 (2022 - £752,643).

Financial commitments represent mortgages secured as follows;

£325,181 (2022: £325,143) is secured against the freehold property known as 130a, b & c Park Wall Road, Bristol, BS30 8HA. The loan is repayable over 25 years, with no capital repayable for the first 5 years and is included in amounts due after more than one year on the Balance Sheet. This loan attracts interest charged at an annual interest rate of 3.84% which is fixed until April 2026.

£427,509 (2022: £427,500) is secured against the freehold property known as 2b & 2c Court Road, Bristol, BS15 8PX. The loan is repayable over 25 years, with no capital repayable for the first 5 years and is included in amounts due after more than one year on the Balance Sheet. This loan attracts interest charged at an annual interest rate of 3.28% which is fixed until October 2027.

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 31 October 2024 and signed on its behalf by:
 

.........................................
Mr L Prosser
Director