Grandie Developments Ltd 09837813 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is residential property develoment Digita Accounts Production Advanced 6.30.9574.0 09837813 2022-11-01 2023-10-31 09837813 2023-10-31 09837813 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 09837813 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 09837813 bus:Micro-entities 2022-11-01 2023-10-31 09837813 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 09837813 bus:FullAccounts 2022-11-01 2023-10-31 09837813 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09837813 bus:RegisteredOffice 2022-11-01 2023-10-31 09837813 bus:Director1 2022-11-01 2023-10-31 09837813 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09837813 countries:England 2022-11-01 2023-10-31 09837813 2021-11-01 2022-10-31 09837813 2022-10-31 09837813 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 09837813 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 09837813

Grandie Developments Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Grandie Developments Ltd

(Registration number: 09837813)
Balance Sheet as at 31 October 2023

2023
£

2022
£

Fixed assets

323,107

280,343

Current assets

692,969

898,607

Creditors: Amounts falling due within one year

(628,257)

(856,839)

Net current assets

64,712

41,768

Total assets less current liabilities

387,819

322,111

Creditors: Amounts falling due after more than one year

(15,863)

(25,845)

Accruals and deferred income

(2,420)

(2,420)

 

369,536

293,846

Capital and reserves

369,536

293,846

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 Developments Ltd

(Registration number: 09837813)
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 £25,863 (2022 - £190,429).

Financial commitments are as follows;

£Nil (2022; £154,584) funding to support the latest development project which was secured against the property known as 130 Spring Hill, Bristol, BS15 1XW which was fully repaid during the current year. The funding was subject to a maximum level of funding of £250,000 and was repayable within 18 months of the date of the first advance which occurred in July 2022. Interest was charged at 5.92% over the published bank of england base rate. The directors offered a personal guarantee against this funding.

£25,863 (2022; £35,845) of borrowings in respect of bounce back loan that was taken out in June 2021 during the COVID pandemic. The loan is repayable in installments over 5 years.



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 Lewis Prosser
Director