Registered number
11678369
Grand Yorkshire Holdings Limited
Filleted Accounts
31 March 2024
Grand Yorkshire Holdings Limited
Registered number: 11678369
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 31,600 -
Tangible assets 4 4,528,213 3,175,931
Investments 5 1,100,000 1,100,000
5,659,813 4,275,931
Current assets
Debtors 6 (470,000) 470,400
Cash at bank and in hand (1) (1)
(470,001) 470,399
Creditors: amounts falling due within one year 7 - (88,032)
Net current (liabilities)/assets (470,001) 382,367
Total assets less current liabilities 5,189,812 4,658,298
Creditors: amounts falling due after more than one year 8 (798,650) (972,647)
Net assets 4,391,162 3,685,651
Capital and reserves
Called up share capital 1,100,000 1,100,000
Profit and loss account 3,291,162 2,585,651
Shareholders' funds 4,391,162 3,685,651
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ashiq Hussain
Director
Approved by the board on 19 March 2025
Grand Yorkshire Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land & Buildings 2% Straight Line
Plant and machinery 15% Reducing Balance
Fixtures, fittings, tools and equipment 15% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
Additions 316,000
At 31 March 2024 316,000
Amortisation
Provided during the year 284,400
At 31 March 2024 284,400
Net book value
At 31 March 2024 31,600
Goodwill was being written off in equal annual instalments over its estimated economic life of 5 years. The difference between the amortisation charge shown above and in the profit and loss account is the amortisation brought forward from the subsidiary company.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 3,459,246 - 3,459,246
Additions 144,499 1,981,065 2,125,564
At 31 March 2024 3,603,745 1,981,065 5,584,810
Depreciation
At 1 April 2023 283,315 - 283,315
Charge for the year 72,075 701,207 773,282
At 31 March 2024 355,390 701,207 1,056,597
Net book value
At 31 March 2024 3,248,355 1,279,858 4,528,213
At 31 March 2023 3,175,931 - 3,175,931
The actual P&M additions during the year amounted to £892,966 with £1,088,099 transferred from the subsidiary company. Similarly, the difference in the depreciation charge shown above and in the profit and loss account is the depreciation brought forward from the subsidiary company.
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 1,100,000
At 31 March 2024 1,100,000
6 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest (470,000) 470,400
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 88,032
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 309,448
Director's Loan Account 798,650 663,199
798,650 972,647
9 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years - 397,480
Secured bank loans - 309,448
The Bank(s) have a fixed and floating charges over the companies assets, which have been transferred from the Subsidiary Company.
10 Other information
Grand Yorkshire Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
549 Huddersfield Road
Dewsbury
WF13 3JW
Grand Yorkshire Holdings Limited 11678369 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Mr Ashiq Hussain No description of principal activity 11678369 2022-04-01 2023-03-31 11678369 core:WithinOneYear 2023-03-31 11678369 core:AfterOneYear 2023-03-31 11678369 core:ShareCapital 2023-03-31 11678369 core:RetainedEarningsAccumulatedLosses 2023-03-31 11678369 2023-04-01 2024-03-31 11678369 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11678369 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11678369 bus:Director40 2023-04-01 2024-03-31 11678369 1 2023-04-01 2024-03-31 11678369 2 2023-04-01 2024-03-31 11678369 core:Goodwill 2023-04-01 2024-03-31 11678369 core:LandBuildings 2023-04-01 2024-03-31 11678369 core:PlantMachinery 2023-04-01 2024-03-31 11678369 countries:England 2023-04-01 2024-03-31 11678369 bus:FRS102 2023-04-01 2024-03-31 11678369 bus:FilletedAccounts 2023-04-01 2024-03-31 11678369 2024-03-31 11678369 core:WithinOneYear 2024-03-31 11678369 core:AfterOneYear 2024-03-31 11678369 core:ShareCapital 2024-03-31 11678369 core:RetainedEarningsAccumulatedLosses 2024-03-31 11678369 core:Goodwill 2024-03-31 11678369 core:LandBuildings 2024-03-31 11678369 core:PlantMachinery 2024-03-31 11678369 2023-03-31 11678369 core:LandBuildings 2023-03-31 11678369 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure