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Company registration number: 03657020
The Granary (Woodbridge) Limited
Unaudited filleted financial statements
31 October 2024
The Granary (Woodbridge) Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
The Granary (Woodbridge) Limited
Directors and other information
Directors Prof E F Evans
Judith Owen
Dr Diana Evans
Miss S Hemington
Mr G W E Lewis
Mr D J Piper
Julie Reed
Secretary Richard Hawkins Ltd
Company number 03657020
Registered office The Granary
Tide Mill Way
Woodbridge
Suffolk
IP12 1BY
Business address The Granary
Tide Mill Way
Woodbridge
Suffolk
IP12 1BY
Accountant Simon Emmerson
Deeks & King
Unit 2 The Rutherford Centre
Hadleigh Road Ind Est, Dunlop Road
Ipswich, Suffolk
IP2 0UG
Bankers Barclays plc
The Granary (Woodbridge) Limited
Accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of The Granary (Woodbridge) Limited
Year ended 31 October 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 October 2024 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Simon Emmerson
Deeks & King
Unit 2 The Rutherford Centre
Hadleigh Road Ind Est, Dunlop Road
Ipswich, Suffolk
IP2 0UG
27 May 2025
The Granary (Woodbridge) Limited
Statement of financial position
31 October 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 15 131
Cash at bank and in hand 64,951 35,529
_______ _______
64,966 35,660
Creditors: amounts falling due
within one year 6 ( 18,965) ( 2,226)
_______ _______
Net current assets 46,001 33,434
_______ _______
Total assets less current liabilities 46,001 33,434
_______ _______
Net assets 46,001 33,434
_______ _______
Capital and reserves
Called up share capital 15 15
Ground rent reserve 7,406 6,406
Profit and loss account 38,580 27,013
_______ _______
Shareholders funds 46,001 33,434
_______ _______
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 May 2025 , and are signed on behalf of the board by:
Prof E F Evans
Director
Company registration number: 03657020
The Granary (Woodbridge) Limited
Statement of changes in equity
Year ended 31 October 2024
Called up share capital Ground rent reserve Profit and loss account Total
£ £ £ £
At 1 November 2022 15 5,406 21,226 26,647
Profit for the year 6,787 6,787
Other comprehensive income for the year:
Ground rent reserve - 1,000 ( 1,000) -
_______ _______ _______ _______
Total comprehensive income for the year - 1,000 5,787 6,787
_______ _______ _______ _______
At 31 October 2023 and 1 November 2023 15 6,406 27,013 33,434
Profit for the year 12,567 12,567
Other comprehensive income for the year:
Ground rent reserve - 1,000 ( 1,000) -
_______ _______ _______ _______
Total comprehensive income for the year - 1,000 11,567 12,567
_______ _______ _______ _______
At 31 October 2024 15 7,406 38,580 46,001
_______ _______ _______ _______
The Granary (Woodbridge) Limited
Notes to the financial statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is The Granary, Tide Mill Way, Woodbridge, Suffolk, IP12 1BY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
5. Debtors
2024 2023
£ £
Trade debtors - 116
Other debtors 15 15
_______ _______
15 131
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 17,489 12
Other creditors 1,476 2,214
_______ _______
18,965 2,226
_______ _______