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REGISTERED NUMBER: 06912585 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

GROUNDNATION LIMITED

GROUNDNATION LIMITED (REGISTERED NUMBER: 06912585)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Balance Sheet 1


GROUNDNATION LIMITED (REGISTERED NUMBER: 06912585)

BALANCE SHEET
31 MAY 2024

2024 2023
£    £   
FIXED ASSETS 6,111 7,395

CURRENT ASSETS 17,511 35,359

CREDITORS
Amounts falling due within one year (16,453 ) (17,132 )
NET CURRENT ASSETS 1,058 18,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,169

25,622

CAPITAL AND RESERVES 7,169 25,622

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Groundnation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06912585

Registered office: 3 Oldbury Row
Brighton
East Sussex
BN1 7GY

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2023 - 2 ) .

3. DIRECTOR’S ADVANCES, CREDITS AND GUARANTEES

Current assets include £882 due from the directors (2023 - NIL). During the year advances of £50,465 were made with repayments of £49,359. The advances are interest free and repayable on demand.



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

GROUNDNATION LIMITED (REGISTERED NUMBER: 06912585)

BALANCE SHEET - continued
31 MAY 2024


The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by:





Mr J C Richardson - Director