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Company No: 11020324 (England and Wales)

GRANGE MILL (HOLDINGS) LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

GRANGE MILL (HOLDINGS) LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

GRANGE MILL (HOLDINGS) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2024
GRANGE MILL (HOLDINGS) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 3,890,257 3,890,257
3,890,257 3,890,257
Current assets
Debtors 4 275,001 275,001
Cash at bank and in hand 1,435 1,615
276,436 276,616
Net current assets 276,436 276,616
Total assets less current liabilities 4,166,693 4,166,873
Net assets 4,166,693 4,166,873
Capital and reserves
Called-up share capital 5 3,886,100 3,886,100
Profit and loss account 280,593 280,773
Total shareholder's funds 4,166,693 4,166,873

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Grange Mill (Holdings) Limited (registered number: 11020324) were approved and authorised for issue by the Board of Directors on 17 March 2025. They were signed on its behalf by:

P J Maynard
Director
GRANGE MILL (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
GRANGE MILL (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Grange Mill (Holdings) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 78 Cumnor Road, Boars Hill, Oxford, OX1 5JP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 1

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 August 2023 3,890,257
At 31 July 2024 3,890,257
Carrying value at 31 July 2024 3,890,257
Carrying value at 31 July 2023 3,890,257

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 275,000 275,000
Other debtors 1 1
275,001 275,001

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
3,886,100 Ordinary A shares of £ 1.00 each 3,886,100 3,886,100

6. Related party transactions

The company has taken advantage of the exemption under FRS 102 section 1 a.c. 35 to not disclose transactions within a wholly owned group.