Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31dormanttrue2023-04-01false161trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13396152 2023-04-01 2024-03-31 13396152 2022-04-01 2023-03-31 13396152 2024-03-31 13396152 2023-03-31 13396152 c:Director1 2023-04-01 2024-03-31 13396152 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 13396152 d:Buildings d:ShortLeaseholdAssets 2024-03-31 13396152 d:Buildings d:ShortLeaseholdAssets 2023-03-31 13396152 d:PlantMachinery 2023-04-01 2024-03-31 13396152 d:PlantMachinery 2024-03-31 13396152 d:PlantMachinery 2023-03-31 13396152 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13396152 d:FurnitureFittings 2023-04-01 2024-03-31 13396152 d:FurnitureFittings 2024-03-31 13396152 d:FurnitureFittings 2023-03-31 13396152 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13396152 d:OfficeEquipment 2023-04-01 2024-03-31 13396152 d:OfficeEquipment 2024-03-31 13396152 d:OfficeEquipment 2023-03-31 13396152 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13396152 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13396152 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 13396152 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 13396152 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-04-01 2024-03-31 13396152 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 13396152 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-03-31 13396152 d:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 13396152 d:CurrentFinancialInstruments 2024-03-31 13396152 d:CurrentFinancialInstruments 2023-03-31 13396152 d:Non-currentFinancialInstruments 2024-03-31 13396152 d:Non-currentFinancialInstruments 2023-03-31 13396152 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13396152 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13396152 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13396152 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13396152 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 13396152 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 13396152 d:ShareCapital 2024-03-31 13396152 d:ShareCapital 2023-03-31 13396152 d:RetainedEarningsAccumulatedLosses 2024-03-31 13396152 d:RetainedEarningsAccumulatedLosses 2023-03-31 13396152 c:OrdinaryShareClass2 2023-04-01 2024-03-31 13396152 c:OrdinaryShareClass2 2024-03-31 13396152 c:OrdinaryShareClass2 2023-03-31 13396152 c:OrdinaryShareClass3 2023-04-01 2024-03-31 13396152 c:OrdinaryShareClass3 2024-03-31 13396152 c:OrdinaryShareClass3 2023-03-31 13396152 c:OrdinaryShareClass4 2023-04-01 2024-03-31 13396152 c:OrdinaryShareClass4 2024-03-31 13396152 c:OrdinaryShareClass4 2023-03-31 13396152 c:FRS102 2023-04-01 2024-03-31 13396152 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13396152 c:FullAccounts 2023-04-01 2024-03-31 13396152 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13396152 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 13396152 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 13396152 2 2023-04-01 2024-03-31 13396152 d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 13396152 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-04-01 2024-03-31 13396152 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-04-01 2024-03-31 13396152 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 13396152














GRANNY TRADING LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
GRANNY TRADING LTD
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 9


 
GRANNY TRADING LTD
REGISTERED NUMBER:13396152

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
161,289
66,335

Tangible assets
 5 
103,209
18,049

  
264,498
84,384

Current assets
  

Stocks
  
82,237
-

Debtors: amounts falling due within one year
 6 
98,740
39,175

Cash at bank and in hand
  
1,223,767
3,305,950

  
1,404,744
3,345,125

Creditors: amounts falling due within one year
 7 
(88,558)
(68,995)

Net current assets
  
 
 
1,316,186
 
 
3,276,130

Total assets less current liabilities
  
1,580,684
3,360,514

Creditors: amounts falling due after more than one year
 8 
(5,205,256)
(5,205,256)

  

Net liabilities
  
(3,624,572)
(1,844,742)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(3,624,672)
(1,844,842)

  
(3,624,572)
(1,844,742)


Page 1

 
GRANNY TRADING LTD
REGISTERED NUMBER:13396152
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C N Garland
Director

Date: 11 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
GRANNY TRADING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Granny Trading Ltd is a limited liability company registered in England and Wales. Its registered office address is at 2nd Floor Connaught House, 1-3 Mount Street, London W1K 3NB.

The principal activity of the company is manufacturing of clothes however, the company is in the stage of product development and the company has not yet started trading.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Trademarks
-
5-10 years
Website costs
-
5 years

Page 3

 
GRANNY TRADING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
over the period of lease
Plant and machinery
-
25%
Fixtures and fittings
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

Page 4

 
GRANNY TRADING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.11

Research and development costs

Expenses incurred in the research and development phase are expensed in the accounting period they are incurred.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.


3.


Employees




The average monthly number of employees, including directors, during the year was 16 (2023 - 1).

Page 5

 
GRANNY TRADING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Website costs
Trademarks
Total

£
£
£



Cost


At 1 April 2023
-
80,075
80,075


Additions
107,987
5,976
113,963



At 31 March 2024

107,987
86,051
194,038



Amortisation


At 1 April 2023
-
13,739
13,739


Charge for the year on owned assets
1,800
17,210
19,010



At 31 March 2024

1,800
30,949
32,749



Net book value



At 31 March 2024
106,187
55,102
161,289



At 31 March 2023
-
66,335
66,335



Page 6

 
GRANNY TRADING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
-
3,098
6,155
12,978
22,231


Additions
96,041
800
5,553
8,475
110,869


Disposals
-
-
-
(1,666)
(1,666)



At 31 March 2024

96,041
3,898
11,708
19,787
131,434



Depreciation


At 1 April 2023
-
775
1,375
2,032
4,182


Charge for the year on owned assets
16,007
791
2,714
4,947
24,459


Disposals
-
-
-
(416)
(416)



At 31 March 2024

16,007
1,566
4,089
6,563
28,225



Net book value



At 31 March 2024
80,034
2,332
7,619
13,224
103,209



At 31 March 2023
-
2,323
4,780
10,946
18,049


6.


Debtors

2024
2023
£
£


Other debtors
84,949
32,108

Prepayments and accrued income
13,791
7,067

98,740
39,175


Page 7

 
GRANNY TRADING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
54,253
41,140

Other taxation and social security
22,252
20,089

Other creditors
4,189
4,266

Accruals and deferred income
7,864
3,500

88,558
68,995



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
5,205,256
5,205,256



9.


Loans


2024
2023
£
£



Amounts falling due 2-5 years

Other loans
5,205,255
5,205,255




10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



85 (2023-85) Ordinary A shares of £1 each
85
85
12 (2023 -12) Ordinary B shares of £1 each
12
12
3 (2023 -3) Ordinary C shares of £1 each
3
3

100

100


Page 8

 
GRANNY TRADING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,947 (2023 - £550). Contributions totalling £3,102 (2023 - £1,027) were payable to the fund at the reported date and included in creditors.

 
Page 9