Company registration number SC760874 (Scotland)
GRANTOWN PALACE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
GRANTOWN PALACE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
£
£
Fixed assets
301,103
Creditors: amounts falling due within one year
(144,392)
Net current liabilities
(144,392)
Total assets less current liabilities
156,711
Creditors: amounts falling due after more than one year
(168,392)
Net liabilities
(11,681)
Capital and reserves
(11,681)
Notes to the financial statements
1
Reporting period

The company was incorporated on 2 March 2023 and started trading on 14 March 2024. This being the first period of trading there are no comparative figures.

2
Directors' transactions

At the year end, there was £117,500 due to the directors by the company. These loans are unsecured, interest free and have no fixed terms of repayment.

2
Financial commitments, guarantees and contingencies

At the year end, there was a loan outstanding of £194,000 which is secured by a floating charge over all the property or undertaking of the company.

4
Employees

The average number of persons, including directors, employed by the company during the period was as follows:

2024
Number
Employees
-
0

Grantown Palace Limited is a private company limited by shares incorporated in Scotland. The registered office is MacKenzie Kerr Limited, Redwood, 19 Culduthel Road, Inverness, IV2 4AA.

For the period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

GRANTOWN PALACE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 December 2024 and are signed on its behalf by:
Mr WH Jones
Ms LG Stewart
Director
Director
Company registration number SC760874
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