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REGISTERED NUMBER: 01389204 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Grimshaw Brothers Limited

Grimshaw Brothers Limited (Registered number: 01389204)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Grimshaw Brothers Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: P J Grimshaw
E J Grimshaw
A J Grimshaw





REGISTERED OFFICE: Unit 2, Spring Street
Keighley
West Yorkshire
BD21 3LE





REGISTERED NUMBER: 01389204 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Grimshaw Brothers Limited (Registered number: 01389204)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Investments 4 2 2

CURRENT ASSETS
Debtors 5 51,039 51,039

CREDITORS
Amounts falling due within one year 6 (601 ) (601 )
NET CURRENT ASSETS 50,438 50,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,440

50,440

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 50,432 50,432
SHAREHOLDERS' FUNDS 50,440 50,440

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

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

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 Income Statement has not been delivered.

Grimshaw Brothers Limited (Registered number: 01389204)

Statement of Financial Position - continued
31 August 2024



The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by:




E J Grimshaw - Director



P J Grimshaw - Director


Grimshaw Brothers Limited (Registered number: 01389204)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Grimshaw Brothers 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.

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

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.

Preparation of consolidated financial statements
The financial statements contain information about Grimshaw Brothers Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fixed asset investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

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

Grimshaw Brothers Limited (Registered number: 01389204)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 2
NET BOOK VALUE
At 31 August 2024 2
At 31 August 2023 2

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Regal Blinds Limited
Registered office:
Nature of business: Manufacturers & fitters of window blinds
%
Class of shares: holding
Ordinary 100.00
31.8.24 31.8.23
£    £   
Aggregate capital and reserves - 761,684
Profit for the year - 883,342

House Decor Interiors Limited
Registered office:
Nature of business: Soft Furnishings
%
Class of shares: holding
Ordinary 100.00
31.8.24 31.8.23
£    £   
Aggregate capital and reserves - (105,208 )
Loss for the year - (105,209 )

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 4,445 4,445
Amounts owed by group undertakings 46,442 46,442
Other debtors 152 152
51,039 51,039

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Accrued expenses 601 601

Grimshaw Brothers Limited (Registered number: 01389204)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. RELATED PARTY DISCLOSURES

During the year, the company received the following dividends from other group companies:

20242023
£   £   
Regal Blinds Limited973,020253,020
973,020253,020


At the year end the company was owed £46,442 (2023 £46,442) by Regal Blinds Limited.

8. ULTIMATE CONTROLLING PARTY

The shareholders control the company by virtue of their shareholdings.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Grimshaw Brothers Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Grimshaw Brothers Limited for the year ended 31 August 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Grimshaw Brothers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Grimshaw Brothers Limited and state those matters that we have agreed to state to the Board of Directors of Grimshaw Brothers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grimshaw Brothers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Grimshaw Brothers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Grimshaw Brothers Limited. You consider that Grimshaw Brothers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Grimshaw Brothers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


6 February 2025