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REGISTERED NUMBER: 00416243 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 6 AUGUST 2023 TO 4 AUGUST 2024

FOR

J GRIME & SONS LIMITED

J GRIME & SONS LIMITED (REGISTERED NUMBER: 00416243)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 AUGUST 2023 TO 4 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

J GRIME & SONS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 6 AUGUST 2023 TO 4 AUGUST 2024







DIRECTORS: Mr R J Grime
Mrs J C Grime





REGISTERED OFFICE: Eden Cottage
Woodhouse Road
Thornton Cleveleys
Lancashire
FY5 5LQ





REGISTERED NUMBER: 00416243 (England and Wales)





ACCOUNTANTS: Miller Roskell Limited
Chartered Certified Accountants
17 Victoria Road East
Thornton Cleveleys
Lancashire
FY5 5HT

J GRIME & SONS LIMITED (REGISTERED NUMBER: 00416243)

STATEMENT OF FINANCIAL POSITION
4 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,713 73,396
Investments 5 47,753 61,128
Investment property 6 1,443,013 1,443,013
1,593,479 1,577,537

CURRENT ASSETS
Debtors 7 600 17,150
Cash at bank 29,898 47,667
30,498 64,817
CREDITORS
Amounts falling due within one year 8 15,558 56,412
NET CURRENT ASSETS 14,940 8,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,608,419

1,585,942

CREDITORS
Amounts falling due after more than one
year

9

(15,979

)

(3,318

)

PROVISIONS FOR LIABILITIES (140,234 ) (139,957 )
NET ASSETS 1,452,206 1,442,667

CAPITAL AND RESERVES
Called up share capital 370 370
Fair value reserve 10 1,108,424 1,108,424
Retained earnings 343,412 333,873
1,452,206 1,442,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 4 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 4 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

J GRIME & SONS LIMITED (REGISTERED NUMBER: 00416243)

STATEMENT OF FINANCIAL POSITION - continued
4 AUGUST 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 Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





Mr R J Grime - Director


J GRIME & SONS LIMITED (REGISTERED NUMBER: 00416243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 AUGUST 2023 TO 4 AUGUST 2024

1. STATUTORY INFORMATION

J Grime & Sons 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

J GRIME & SONS LIMITED (REGISTERED NUMBER: 00416243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 AUGUST 2023 TO 4 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 6 August 2023 58,975 81,070 3,290 143,335
Additions - 40,065 - 40,065
At 4 August 2024 58,975 121,135 3,290 183,400
DEPRECIATION
At 6 August 2023 51,690 15,403 2,846 69,939
Charge for period 727 9,592 429 10,748
At 4 August 2024 52,417 24,995 3,275 80,687
NET BOOK VALUE
At 4 August 2024 6,558 96,140 15 102,713
At 5 August 2023 7,285 65,667 444 73,396

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 40,065
At 4 August 2024 40,065
DEPRECIATION
Charge for period 3,043
At 4 August 2024 3,043
NET BOOK VALUE
At 4 August 2024 37,022

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 6 August 2023 61,128
Additions 177
Disposals (20,000 )
Revaluations 6,448
At 4 August 2024 47,753
NET BOOK VALUE
At 4 August 2024 47,753
At 5 August 2023 61,128

J GRIME & SONS LIMITED (REGISTERED NUMBER: 00416243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 AUGUST 2023 TO 4 AUGUST 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 4 August 2024 is represented by:

Other
investments
£   
Valuation in 2024 61,128
Cost 12,157
73,285

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 11,804 11,804

Fixed asset investments were valued on an open market basis on 4 August 2024 by Mr R J Grime .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 August 2023
and 4 August 2024 1,443,013
NET BOOK VALUE
At 4 August 2024 1,443,013
At 5 August 2023 1,443,013

Fair value at 4 August 2024 is represented by:
£   
Valuation in 2024 1,201,041
Cost 241,972
1,443,013

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 600 17,150

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,612 7,599
Trade creditors - (1 )
Taxation and social security 4,520 10,393
Other creditors 2,426 38,421
15,558 56,412

J GRIME & SONS LIMITED (REGISTERED NUMBER: 00416243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 AUGUST 2023 TO 4 AUGUST 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 15,979 3,318

10. RESERVES
Fair
value
reserve
£   
At 6 August 2023
and 4 August 2024 1,108,424

11. RELATED PARTY DISCLOSURES

During the period, total dividends of £17,000 (2023 - £57,000) were paid to the directors .

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
J GRIME & SONS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J Grime & Sons Limited for the period ended 4 August 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of J Grime & Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J Grime & Sons Limited and state those matters that we have agreed to state to the Board of Directors of J Grime & Sons Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J Grime & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J Grime & Sons Limited. You consider that J Grime & Sons Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of J Grime & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Miller Roskell Limited
Chartered Certified Accountants
17 Victoria Road East
Thornton Cleveleys
Lancashire
FY5 5HT


6 November 2024