Grain Hospitality Limited 09543583 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of catering activities. Digita Accounts Production Advanced 6.30.9574.0 true true true 09543583 2023-04-01 2024-03-31 09543583 2024-03-31 09543583 core:RetainedEarningsAccumulatedLosses 2024-03-31 09543583 core:ShareCapital 2024-03-31 09543583 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09543583 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09543583 bus:SmallEntities 2023-04-01 2024-03-31 09543583 bus:Audited 2023-04-01 2024-03-31 09543583 bus:FullAccounts 2023-04-01 2024-03-31 09543583 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09543583 bus:RegisteredOffice 2023-04-01 2024-03-31 09543583 bus:Director3 2023-04-01 2024-03-31 09543583 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09543583 core:Buildings 2023-04-01 2024-03-31 09543583 core:FurnitureFittings 2023-04-01 2024-03-31 09543583 core:PlantMachinery 2023-04-01 2024-03-31 09543583 1 2023-04-01 2024-03-31 09543583 countries:AllCountries 2023-04-01 2024-03-31 09543583 2023-03-31 09543583 2022-04-01 2023-03-31 09543583 2023-03-31 09543583 core:RetainedEarningsAccumulatedLosses 2023-03-31 09543583 core:ShareCapital 2023-03-31 09543583 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09543583 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09543583

Grain Hospitality Limited

Annual Report and Filleted Abridged Financial Statements

for the Year Ended 31 March 2024

image-name
 

Grain Hospitality Limited

Contents

Abridged Balance Sheet

1

Notes to the Abridged Financial Statements

2 to 4

 

Grain Hospitality Limited

(Registration number: 09543583)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

14,324

17,225

Current assets

 

Stocks

11,873

11,396

Debtors

7,111

7,271

Cash at bank and in hand

 

68,260

29,832

 

87,244

48,499

Creditors: Amounts falling due within one year

(179,183)

(130,751)

Net current liabilities

 

(91,939)

(82,252)

Total assets less current liabilities

 

(77,615)

(65,027)

Creditors: Amounts falling due after more than one year

(12,419)

(22,671)

Net liabilities

 

(90,034)

(87,698)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(90,134)

(87,798)

Total equity

 

(90,034)

(87,698)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 3 December 2024 and signed on its behalf by:
 

Mr S A Middle

Director

 

Grain Hospitality Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales (registered number 09543583).

The address of its registered office is:
Cheese & Grain
Market Yard
Justice Lane
Frome
Somerset
BA11 1BE

These financial statements were authorised for issue by the Board on 3 December 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have considered the ability of the company to meet its liabilities as they fall due and given the nature of the sector, have sufficient liquidity to satisfy its creditors.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 3 December 2024 was Duncan Nicholas FCA, who signed for and on behalf of Moore Scarrott Audit Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Grain Hospitality Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

Straight line over 20 years

Plant and machinery

25% straight line

Fixture, fittings and equipment

25% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 46 (2023 - 33).

4

Auditors' remuneration

2024
£

2023
£

Audit of the financial statements

9,350

9,000


 

 

Grain Hospitality Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Total
£

Cost or valuation

At 1 April 2023

59,459

Additions

5,210

At 31 March 2024

64,669

Depreciation

At 1 April 2023

42,234

Charge for the year

8,111

At 31 March 2024

50,345

Carrying amount

At 31 March 2024

14,324

At 31 March 2023

17,225

Included within the net book value of land and buildings above is £4,290 (2023 - £4,548) in respect of short leasehold land and buildings.
 

6

Related party transactions

The company has taken advantage of the exemption available under Section 33 of FRS 102 Related Party Disclosures, and has not disclosed transactions or balances with related parties that are part of the group. This is on the grounds that it is a wholly-owned subsidiary of Frome Cheese & Grain Limited, which prepares consolidated financial statements that are publicly available and include the results of the company.

The consolidated financial statements of Frome Cheese & Grain can be accessed online at Companies House.

7

Parent and ultimate parent undertaking

The company's immediate parent is Frome Cheese and Grain Limited, incorporated in England and Wales.

  These financial statements are available upon request from Cheese and Grain, Market Yard, Frome, Somerset, England, BA11 1BE.