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REGISTERED NUMBER: 10666837 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

GRM2 Limited

GRM2 Limited (Registered number: 10666837)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRM2 Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr G R Murray





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 10666837 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

GRM2 Limited (Registered number: 10666837)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,451,960 1,300,671
Investment property 5 210,000 95,000
1,661,960 1,395,671

CURRENT ASSETS
Debtors 6 15,691 4,743
Cash at bank 214,330 431,418
230,021 436,161
CREDITORS
Amounts falling due within one year 7 2,274 66,864
NET CURRENT ASSETS 227,747 369,297
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,889,707

1,764,968

PROVISIONS FOR LIABILITIES 55,094 21,101
NET ASSETS 1,834,613 1,743,867

CAPITAL AND RESERVES
Called up share capital 8 100 100
Non distributable reserve 9 165,283 63,304
Retained earnings 9 1,669,230 1,680,463
SHAREHOLDERS' FUNDS 1,834,613 1,743,867

GRM2 Limited (Registered number: 10666837)

Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





Mr G R Murray - Director


GRM2 Limited (Registered number: 10666837)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

GRM2 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.

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 year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 May 2023 1,300,671
Additions 698,719
Disposals (671,817 )
Revaluations 124,387
At 30 April 2024 1,451,960
NET BOOK VALUE
At 30 April 2024 1,451,960
At 30 April 2023 1,300,671

GRM2 Limited (Registered number: 10666837)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2024 is represented by:

Listed
investments
£   
Valuation in 2018 (2,083 )
Valuation in 2019 12,430
Valuation in 2020 (131,258 )
Valuation in 2021 347,757
Valuation in 2022 (52,308 )
Valuation in 2023 (57,882 )
Valuation in 2024 124,387
Cost 1,210,917
1,451,960

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

2024 2023
£    £   
Cost 1,210,917 1,184,015

Fixed asset investments were valued on an open market basis on 30 April 2024 by Hargreaves Lansdown and AJ Bell .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 95,000
Additions 120,325
Revaluations (5,325 )
At 30 April 2024 210,000
NET BOOK VALUE
At 30 April 2024 210,000
At 30 April 2023 95,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 83,153
Valuation in 2023 11,847
Valuation in 2024 115,000
210,000

GRM2 Limited (Registered number: 10666837)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 203,478 83,153

Investment property was valued on an open market basis on 30 April 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 10,410 -
Directors' current accounts 5,000 -
Tax 281 4,743
15,691 4,743

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors - 64,590
Accruals and deferred income 2,274 2,274
2,274 66,864

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 1 May 2023 1,680,463 63,304 1,743,767
Profit for the year 5,677 5,677
Deferred tax - (33,993 ) (33,993 )
Transfer realised gain / loss (16,910 ) 16,910 -
Revaluation movement - 119,062 119,062
At 30 April 2024 1,669,230 165,283 1,834,513

GRM2 Limited (Registered number: 10666837)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr G R Murray
Balance outstanding at start of year - 20,270
Amounts advanced 5,000 34,872
Amounts repaid - (55,142 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,000 -

The overdrawn directors loan account was cleared within 9 months of the year end.

11. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided to a company with common directors and under common control amounted to £10,410 (2023 - £64,590 Cr).