Registration number:
Grandie Developments Ltd
for the Year Ended 31 October 2023
Grandie Developments Ltd
(Registration number: 09837813)
Balance Sheet as at 31 October 2023
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2022 |
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Fixed assets |
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Current assets |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Accruals and deferred income |
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Capital and reserves |
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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'.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Grandie Developments Ltd
(Registration number: 09837813)
Balance Sheet as at 31 October 2023
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:
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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
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