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REGISTERED NUMBER: 10332372 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GRANGE DEVELOPMENTS YORKSHIRE LTD

GRANGE DEVELOPMENTS YORKSHIRE LTD (REGISTERED NUMBER: 10332372)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GRANGE DEVELOPMENTS YORKSHIRE LTD

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTORS: A B Hague
Mrs S J Hague
H Hague
D Hague





SECRETARY: H Hague





REGISTERED OFFICE: George House
Derwent Road
York Industrial Estate
Malton
North Yorkshire
YO17 6YB





REGISTERED NUMBER: 10332372 (England and Wales)

GRANGE DEVELOPMENTS YORKSHIRE LTD (REGISTERED NUMBER: 10332372)

STATEMENT OF FINANCIAL POSITION
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 447,944 324,206

CURRENT ASSETS
Stocks 261,419 390,995
Debtors 5 781,666 67,643
Cash at bank 5,973 15,031
1,049,058 473,669
CREDITORS
Amounts falling due within one year 6 1,203,604 519,524
NET CURRENT LIABILITIES (154,546 ) (45,855 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,398

278,351

PROVISIONS FOR LIABILITIES 18,069 1,995
NET ASSETS 275,329 276,356

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 275,229 276,256
275,329 276,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 12 March 2025 and were signed on its behalf by:





H Hague - Director


GRANGE DEVELOPMENTS YORKSHIRE LTD (REGISTERED NUMBER: 10332372)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024


1. STATUTORY INFORMATION

Grange Developments Yorkshire Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The directors have considered the financial resources and commitments of the company and have concluded that there are sufficient resources in place to continue operating for the foreseeable future. The directors therefore consider it appropriate to continue to prepare the accounts on the going concern basis.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for the sale or rental of properties and work done and is shown net of VAT. The fair value of consideration takes into account trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost excluding land
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises the cost of purchase of the property, direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over net realisable value is recognised as an impairment loss in profit or loss. Reversals of impairment are also recognised in profit or loss.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

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 statement of financial position date.


GRANGE DEVELOPMENTS YORKSHIRE LTD (REGISTERED NUMBER: 10332372)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023 328,411 20,239 4,733 73,950 427,333
Additions - 149,720 - - 149,720
At 31 August 2024 328,411 169,959 4,733 73,950 577,053
DEPRECIATION
At 1 September 2023 12,182 12,280 4,715 73,950 103,127
Charge for year 4,568 21,396 18 - 25,982
At 31 August 2024 16,750 33,676 4,733 73,950 129,109
NET BOOK VALUE
At 31 August 2024 311,661 136,283 - - 447,944
At 31 August 2023 316,229 7,959 18 - 324,206

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,988 5,879
Other debtors 755,678 61,764
781,666 67,643

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 46,559 1,581
Taxation and social security - 13,322
Other creditors 1,157,045 504,621
1,203,604 519,524

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Directors' loan accounts were overdrawn by £46,919 at the start of the year but this amount was fully repaid during the period. Interest has been charged on overdrawn loans at HMRC official rates.