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REGISTERED NUMBER: 08536215 (England and Wales)
















Grow Bag Capital Ltd

Unaudited Financial Statements

for the Year Ended 31st May 2024






Grow Bag Capital Ltd (Registered number: 08536215)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Grow Bag Capital Ltd

Company Information
for the Year Ended 31st May 2024







Director: Mr P J Goodman





Registered office: 25 Tower Road
Twickenham
TW1 4PJ





Registered number: 08536215 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Grow Bag Capital Ltd (Registered number: 08536215)

Statement of Financial Position
31st May 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 7,867 10,817
Investments 5 493,500 150,000
501,367 160,817

Current assets
Debtors 6 85,714 37,562
Cash at bank 410 457
86,124 38,019
Creditors
Amounts falling due within one year 7 508,140 560,441
Net current liabilities (422,016 ) (522,422 )
Total assets less current liabilities 79,351 (361,605 )

Creditors
Amounts falling due after more than one
year

8

(8,500

)

(17,000

)

Provisions for liabilities (89,229 ) -
Net liabilities (18,378 ) (378,605 )

Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 326,281 72,010
Retained earnings (345,659 ) (451,615 )
(18,378 ) (378,605 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Grow Bag Capital Ltd (Registered number: 08536215)

Statement of Financial Position - continued
31st May 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 director and authorised for issue on 22nd May 2025 and were signed by:





Mr P J Goodman - Director


Grow Bag Capital Ltd (Registered number: 08536215)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. Statutory information

Grow Bag Capital 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.

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.
Plant and machinery - Straight line over 5 years

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.

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.

Investments
Fixed asset investments are measured at fair value with changes in fair value being recognised in profit or loss.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 3 ) .

Grow Bag Capital Ltd (Registered number: 08536215)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1st June 2023
and 31st May 2024 14,750
Depreciation
At 1st June 2023 3,933
Charge for year 2,950
At 31st May 2024 6,883
Net book value
At 31st May 2024 7,867
At 31st May 2023 10,817

5. Fixed asset investments
Other
investments
£   
Cost or valuation
At 1st June 2023 150,000
Revaluations 343,500
At 31st May 2024 493,500
Net book value
At 31st May 2024 493,500
At 31st May 2023 150,000

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

Other
investments
£   
Valuation in 2017 72,010
Valuation in 2024 343,500
Cost 77,990
493,500

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,406 14,448
Other debtors 84,308 23,114
85,714 37,562

Grow Bag Capital Ltd (Registered number: 08536215)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 8,501 8,500
Trade creditors 7,519 17,120
Taxation and social security 47,250 43,456
Other creditors 444,870 491,365
508,140 560,441

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 8,500 17,000