Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mrs R Fincham 28/03/2012 Mr G R Fincham 24/01/2024 07 April 2025 The principal activity of the company is that of land planning and management. 08010546 2024-06-30 08010546 bus:Director1 2024-06-30 08010546 bus:Director2 2024-06-30 08010546 2023-06-30 08010546 core:CurrentFinancialInstruments 2024-06-30 08010546 core:CurrentFinancialInstruments 2023-06-30 08010546 core:Non-currentFinancialInstruments 2024-06-30 08010546 core:Non-currentFinancialInstruments 2023-06-30 08010546 core:ShareCapital 2024-06-30 08010546 core:ShareCapital 2023-06-30 08010546 core:SharePremium 2024-06-30 08010546 core:SharePremium 2023-06-30 08010546 core:RetainedEarningsAccumulatedLosses 2024-06-30 08010546 core:RetainedEarningsAccumulatedLosses 2023-06-30 08010546 core:CostValuation 2023-06-30 08010546 core:CostValuation 2024-06-30 08010546 bus:OrdinaryShareClass1 2024-06-30 08010546 2023-07-01 2024-06-30 08010546 bus:FilletedAccounts 2023-07-01 2024-06-30 08010546 bus:SmallEntities 2023-07-01 2024-06-30 08010546 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08010546 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08010546 bus:Director1 2023-07-01 2024-06-30 08010546 bus:Director2 2023-07-01 2024-06-30 08010546 2022-07-01 2023-06-30 08010546 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 08010546 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 08010546 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08010546 (England and Wales)

GRT LAND ADVANCE LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

GRT LAND ADVANCE LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

GRT LAND ADVANCE LIMITED

BALANCE SHEET

As at 30 June 2024
GRT LAND ADVANCE LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 50 50
50 50
Current assets
Debtors 4 286,219 170,742
Cash at bank and in hand 43,513 720
329,732 171,462
Creditors: amounts falling due within one year 5 ( 116,360) ( 35,551)
Net current assets 213,372 135,911
Total assets less current liabilities 213,422 135,961
Creditors: amounts falling due after more than one year 6 ( 31,751) ( 39,424)
Net assets 181,671 96,537
Capital and reserves
Called-up share capital 7 200 100
Share premium account 74,970 0
Profit and loss account 106,501 96,437
Total shareholders' funds 181,671 96,537

For the financial year ending 30 June 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 GRT Land Advance Limited (registered number: 08010546) were approved and authorised for issue by the Board of Directors on 07 April 2025. They were signed on its behalf by:

Mrs R Fincham
Director
Mr G R Fincham
Director
GRT LAND ADVANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
GRT LAND ADVANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 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

GRT Land Advance 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 Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom. The principal place of business is 1 Fairmantle Street, Truro, Cornwall, TR1 2LP.

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 £.

Turnover

Turnover represents the fair value of consideration receivable, excluding Value Added Tax, in the ordinary course of business for goods and services provided.

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 Balance Sheet date.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

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

3. Fixed asset investments

Investments in associates Total
£ £
Cost or valuation before impairment
At 01 July 2023 50 50
At 30 June 2024 50 50
Carrying value at 30 June 2024 50 50
Carrying value at 30 June 2023 50 50

4. Debtors

2024 2023
£ £
Trade debtors 20,800 0
Other debtors 265,419 170,742
286,219 170,742

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Accruals and deferred income 77,416 2,801
Taxation and social security 394 0
Other creditors 28,550 22,750
116,360 35,551

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 31,751 39,424

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each (2023: 100 shares of £ 1.00 each) 200 100

New shares allotted

During the year a bonus issue of 70 ordinary shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £70.

During the year 30 ordinary shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £75,000, creating share premium of £74,970.

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Director 127,676 0

Other related party transactions

During the current and previous year loan accounts existed between the company and companies in which a shareholder is a director and/or shareholder.

These loans are interest free and repayable on demand.

At the year end £137,742 (2023: £170,742) was owed to the company and is shown in other debtors and £6,550 (2023: £50) was owed by the company and is shown in other creditors.