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REGISTERED NUMBER: 09554747 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Growth50 Ltd

Growth50 Ltd (Registered number: 09554747)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Growth50 Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr G P Dewhurst



REGISTERED OFFICE: Aldford House
Park Lane
Bell Meadow Business Park
Chester
Cheshire
CH4 9EP



REGISTERED NUMBER: 09554747 (England and Wales)



ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS



SOLICITORS: Bevan Rose Corporate Solicitors
157 High Street
Prestatyn
Flintshire
LL19 9AY

Growth50 Ltd (Registered number: 09554747)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
CURRENT ASSETS
Debtors 4 1,133,441 1,191,916
Cash at bank 1 -
1,133,442 1,191,916
CREDITORS
Amounts falling due within one year 5 1,256,245 1,303,206
NET CURRENT LIABILITIES (122,803 ) (111,290 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(122,803

)

(111,290

)

CAPITAL AND RESERVES
Called up share capital 6 10 10
Retained earnings (122,813 ) (111,300 )
SHAREHOLDERS' FUNDS 8 (122,803 ) (111,290 )

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





Mr G P Dewhurst - Director


Growth50 Ltd (Registered number: 09554747)

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

1. STATUTORY INFORMATION

Growth50 Ltd 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 7,500 7,500
Other debtors 1,125,941 1,184,416
1,133,441 1,191,916

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 509
Trade creditors 14,178 11,881
Taxation and social security 17,773 17,773
Other creditors 1,224,294 1,273,043
1,256,245 1,303,206

Growth50 Ltd (Registered number: 09554747)

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

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
9 ordinary £1 9 9
1 ordinary A £1 1 1
10 10

7. RELATED PARTY DISCLOSURES

G P Dewhurst, the company's director and controlling shareholder, is also the ultimate controlling party in other entities, who received (made) loans during the year all of which were granted at arms length, are subject to interest and repayable on demand. The amounts due from (to) these entities at the balance sheet date were £1,117,555 (2023 : £1,181,172)

Mr G P Dewhurst, made loans to the company during the year all of which were granted at arms length, are interest free and repayable on demand. The amount due from the company at the balance sheet date was:-

Mr G P Dewhurst £1,195,135 (2023: £1,243,885)

8. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
30.4.24 30.4.23
£    £   
(Loss)/profit for the financial year (11,513 ) 52,636
Net (reduction)/addition to shareholders' funds (11,513 ) 52,636
Opening shareholders' funds (111,290 ) (163,926 )
Closing shareholders' funds (122,803 ) (111,290 )