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REGISTERED NUMBER: SC196883 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Grainshore Limited

Grainshore Limited (Registered number: SC196883)






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 Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr C J Grinyer
Ms A S Grinyer





REGISTERED OFFICE: Woodlands
Maryculter
Aberdeenshire
AB12 5GW





REGISTERED NUMBER: SC196883 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Grainshore Limited (Registered number: SC196883)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 246 657
Investment property 5 1,897,500 1,897,500
1,897,746 1,898,157

CURRENT ASSETS
Debtors 6 63,162 53,093
Cash at bank 30,698 62,375
93,860 115,468
CREDITORS
Amounts falling due within one year 7 72,919 82,999
NET CURRENT ASSETS 20,941 32,469
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,918,687

1,930,626

PROVISIONS FOR LIABILITIES 11,649 10,764
NET ASSETS 1,907,038 1,919,862

CAPITAL AND RESERVES
Called up share capital 2 2
Other reserves 9 645,014 645,834
Retained earnings 9 1,262,022 1,274,026
1,907,038 1,919,862

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 Limited (Registered number: SC196883)

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 Income Statement 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 Limited (Registered number: SC196883)

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

1. STATUTORY INFORMATION

Grainshore Limited 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 NIL (2023 - 2 ).

Grainshore Limited (Registered number: SC196883)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2023
and 30 November 2024 3,024
DEPRECIATION
At 1 December 2023 2,367
Charge for year 411
At 30 November 2024 2,778
NET BOOK VALUE
At 30 November 2024 246
At 30 November 2023 657

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 1,897,500
NET BOOK VALUE
At 30 November 2024 1,897,500
At 30 November 2023 1,897,500

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2008 691,985
Valuation in 2009 (50,000 )
Valuation in 2010 (15,000 )
Valuation in 2011 (30,000 )
Valuation in 2012 10,000
Valuation in 2013 55,000
Valuation in 2014 11,974
Valuation in 2022 (12,500 )
Valuation in 2023 (5,000 )
Cost 1,241,041
1,897,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 13,686 4,167
Amounts owed by group undertakings 48,863 48,863
Other debtors 613 63
63,162 53,093

Grainshore Limited (Registered number: SC196883)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Taxation and social security 24,270 39,880
Other creditors 48,649 43,119
72,919 82,999

8. SECURED DEBTS

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

9. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 December 2023 1,274,026 645,834 1,919,860
Profit for the year 97,476 97,476
Dividends (110,300 ) (110,300 )
Deferred tax adjustment 820 (820 ) -
At 30 November 2024 1,262,022 645,014 1,907,036

10. 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
£    £   
Ms A S Grinyer
Balance outstanding at start of year 63 38,171
Amounts repaid - (38,108 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63 63

Mr C J Grinyer
Balance outstanding at start of year (29,294 ) (27,514 )
Amounts repaid (1,780 ) (1,780 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (31,074 ) (29,294 )

11. RELATED PARTY DISCLOSURES

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

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

Grainshore Limited (Registered number: SC196883)

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

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Grainshore (Holdings) Ltd who own 100% of the issued share capital of the company.