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REGISTERED NUMBER: SC589156 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Grainshore (Holdings) Ltd

Grainshore (Holdings) Ltd (Registered number: SC589156)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grainshore (Holdings) Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Ms A S Grinyer
Mr C J Grinyer





REGISTERED OFFICE: Woodlands
Maryculter
Aberdeenshire
AB12 5GW





REGISTERED NUMBER: SC589156 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Grainshore (Holdings) Ltd (Registered number: SC589156)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Investments 4 926,332 926,332

CURRENT ASSETS
Cash at bank 27,996 52,794

CREDITORS
Amounts falling due within one year 5 154,236 155,093
NET CURRENT LIABILITIES (126,240 ) (102,299 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

800,092

824,033

CREDITORS
Amounts falling due after more than one
year

6

330,000

440,000
NET ASSETS 470,092 384,033

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 469,991 383,932
SHAREHOLDERS' FUNDS 470,092 384,033

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

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

Grainshore (Holdings) Ltd (Registered number: SC589156)

Balance Sheet - continued
30 November 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 10 April 2025 and were signed on its behalf by:





Mr C J Grinyer - Director


Grainshore (Holdings) Ltd (Registered number: SC589156)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Grainshore (Holdings) Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS

The company owns 100% of the issued share capital of Grainshore Ltd.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 60,000 60,000
Amounts owed to group undertakings 48,863 48,863
Other creditors 45,373 46,230
154,236 155,093

Grainshore (Holdings) Ltd (Registered number: SC589156)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 330,000 440,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 90,000 200,000

7. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank loans 390,000 500,000

The company has granted a floating charge over all the property or undertaking of the company in favour of Svenska Handelsbanken AB (Publ).

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
Mr C J Grinyer
Balance outstanding at start of year (5,000 ) (5,000 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,000 ) (5,000 )

Ms A S Grinyer
Balance outstanding at start of year (30,052 ) (30,039 )
Amounts repaid (13 ) (13 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (30,065 ) (30,052 )

9. RELATED PARTY DISCLOSURES

Included under Creditors is Amounts owed to group undertakings of £48,863 (2023: £48,863) which relates to Grainshore Limited.

During the year management charges of £14,700 (2023: £14,700) were charged to Grainshore Limited.

Also during the year dividends were received from Grainshore Limited of £110,300 (2023: £115,300).

Grainshore (Holdings) Ltd (Registered number: SC589156)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms A S Grinyer.