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REGISTERED NUMBER: 03218227 (England and Wales)















GROSMONT INVESTMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






GROSMONT INVESTMENTS LIMITED (REGISTERED NUMBER: 03218227)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GROSMONT INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: O J Vaughan
D F Vaughan





SECRETARY: O J Vaughan





REGISTERED OFFICE: Blackbrook
Skenfrith
Monmouthshire
NP7 8UB





REGISTERED NUMBER: 03218227 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

GROSMONT INVESTMENTS LIMITED (REGISTERED NUMBER: 03218227)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 123,925 126,567
Investments 5 306,023 781,333
429,948 907,900

CURRENT ASSETS
Debtors 6 6,670 9,768
Cash at bank 10,372 9,301
17,042 19,069
CREDITORS
Amounts falling due within one year 7 388,642 900,022
NET CURRENT LIABILITIES (371,600 ) (880,953 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,348

26,947

CREDITORS
Amounts falling due after more than one
year

8

12,405

-
NET ASSETS 45,943 26,947

GROSMONT INVESTMENTS LIMITED (REGISTERED NUMBER: 03218227)

BALANCE SHEET - continued
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 6,559,752 6,559,752
Retained earnings (6,513,809 ) (6,532,805 )
SHAREHOLDERS' FUNDS 45,943 26,947

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th May 2025 and were signed on its behalf by:





O J Vaughan - Director


GROSMONT INVESTMENTS LIMITED (REGISTERED NUMBER: 03218227)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Grosmont Investments Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Non-derivative financial instruments
Non-derivative financial instrument's comprise listed investments, other debtors, cash and cash equivalents, and trade and other creditors.

Unless otherwise stated, the carrying value of the company's financial assets and liabilities are a reasonable approximation of their fair values.

Investments
Investments held as fixed assets in non-convertible preference shares and non-puttable ordinary shares assets are measured at market value. Any increase or decrease in the market value of investments is recognised directly in the profit and loss account in the year. Deferred tax arising in respect of these movements in the market value are similarly recognised in the profit and loss account in the year.

Income from other investments together with any tax credit is recognised in the profit and loss account in the year it is receivable.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in the year which it is receivable.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise of cash at bank and cash in hand.


GROSMONT INVESTMENTS LIMITED (REGISTERED NUMBER: 03218227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

GROSMONT INVESTMENTS LIMITED (REGISTERED NUMBER: 03218227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1st January 2024
and 31st December 2024 116,000 134,965 2,103 253,068
DEPRECIATION
At 1st January 2024 - 125,063 1,438 126,501
Charge for year - 2,476 166 2,642
At 31st December 2024 - 127,539 1,604 129,143
NET BOOK VALUE
At 31st December 2024 116,000 7,426 499 123,925
At 31st December 2023 116,000 9,902 665 126,567

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st January 2024 781,333
Additions 162,201
Disposals (750,713 )
Revaluations 113,202
At 31st December 2024 306,023
NET BOOK VALUE
At 31st December 2024 306,023
At 31st December 2023 781,333

GROSMONT INVESTMENTS LIMITED (REGISTERED NUMBER: 03218227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31st December 2024 is represented by:

Other
investments
£   
Valuation in 2023 (356,813 )
Valuation in 2024 321,222
Cost 341,614
306,023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,738 7,743
VAT 1,667 1,760
Prepayments 265 265
6,670 9,768

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,690 19,296
Trade creditors 3,397 4,018
Other creditors 32,915 27,611
Directors' current accounts 347,875 848,490
Accruals and deferred income 765 607
388,642 900,022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 12,405 -

GROSMONT INVESTMENTS LIMITED (REGISTERED NUMBER: 03218227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6,559,752 Ordinary £1 6,559,752 6,559,752

10. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan creditor at the year end of £347,875 owed to O J Vaughan (2023: £848,490).

The company had an outstanding creditor at the year end of £32,915 (2023 - £27,611) owed to G Vaughan, a related party.

During the year the company paid fees of £12,667 and rent of £24,000 to Blackbrook Estate a business owned by O J Vaughan.