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REGISTERED NUMBER: 00622251 (England and Wales)















G.S.GRANTHAM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






G.S.GRANTHAM LIMITED (REGISTERED NUMBER: 00622251)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


G.S.GRANTHAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr S J B Grantham
Mr W R B Grantham
Mrs S H Grantham
Mrs T Grantham



REGISTERED OFFICE: Estate Office
Walcott
Lincoln
Lincolnshire
LN4 3SY



REGISTERED NUMBER: 00622251 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



BANKERS: TSB Plc
203 High St
Lincoln
Lincolnshire
LN5 7AU

G.S.GRANTHAM LIMITED (REGISTERED NUMBER: 00622251)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 310,435 326,030
Investment property 5 994,535 994,535
1,304,970 1,320,565

CURRENT ASSETS
Valuation 181,639 188,234
Debtors 6 97,987 65,054
Cash at bank 76,893 127,122
356,519 380,410
CREDITORS
Amounts falling due within one year 7 213,352 219,091
NET CURRENT ASSETS 143,167 161,319
TOTAL ASSETS LESS CURRENT LIABILITIES 1,448,137 1,481,884

PROVISIONS FOR LIABILITIES 69,209 78,468
NET ASSETS 1,378,928 1,403,416

CAPITAL AND RESERVES
Called up share capital 8 8,000 8,000
Revaluation reserve 9 113,051 113,051
Retained earnings 1,257,877 1,282,365
SHAREHOLDERS' FUNDS 1,378,928 1,403,416

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

G.S.GRANTHAM LIMITED (REGISTERED NUMBER: 00622251)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024


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 Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:




Mr S J B Grantham - Director



Mr W R B Grantham - Director


G.S.GRANTHAM LIMITED (REGISTERED NUMBER: 00622251)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

G.S.Grantham 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.

Turnover
Turnover represents the fair value of consideration received for net invoiced sales of produce and contracting services, excluding value added tax. Sales of produce are recognised upon despatch, and revenue from contracting is recognised when the service is performed.

The basic payment and environmental subsidies are recognised in the financial statements in accordance with HM Revenue & Customs guidance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost and Nil
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance, 4% on cost and Straight line over 3 years

Tangible fixed assets are held at cost less accumulated depreciation.

Investment property
Investment properties are revalued annually and any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Valuation
The valuation has been prepared by independent valuers at the lower of cost and fair value less costs to sell.

Taxation
Taxation for the year comprises current and deferred 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 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.

Pension costs and other post-retirement benefits
The company operates a self administered defined contribution pension scheme to provide for retirement benefits. Contributions are charged to the profit and loss account as incurred.

An additional defined contribution pension scheme is also operated where contributions are made to an external pension scheme to provide for retirement benefits and are charged to the profit and loss account as incurred.

G.S.GRANTHAM LIMITED (REGISTERED NUMBER: 00622251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 132,106 626,181 758,287
Additions - 68,074 68,074
Disposals (118,729 ) (49,545 ) (168,274 )
At 30 June 2024 13,377 644,710 658,087
DEPRECIATION
At 1 July 2023 121,774 310,483 432,257
Charge for year 199 68,829 69,028
Eliminated on disposal (118,729 ) (34,904 ) (153,633 )
At 30 June 2024 3,244 344,408 347,652
NET BOOK VALUE
At 30 June 2024 10,133 300,302 310,435
At 30 June 2023 10,332 315,698 326,030

Included in cost of land and buildings is freehold land of £ 8,412 (2023 - £ 8,412 ) which is not depreciated.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 994,535
NET BOOK VALUE
At 30 June 2024 994,535
At 30 June 2023 994,535

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 115,333
Cost 879,202
994,535

The investment properties were valued by the directors as at 30 June 2024 by considering cost and the fair values of recent, comparable property sales in the local area.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,801 21,154
Other debtors 12,564 12,414
Prepayments and accrued income 36,622 31,486
97,987 65,054

G.S.GRANTHAM LIMITED (REGISTERED NUMBER: 00622251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 52,308 40,362
Other creditors 27,896 18,707
Directors' loan accounts 109,059 140,399
Accruals and deferred income 24,089 19,623
213,352 219,091

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,000 Ordinary £1 8,000 8,000

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 113,051