5 30/09/2023 29/09/2024 2024-09-29 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-09-30 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11431554 2023-09-30 2024-09-29 11431554 2024-09-29 11431554 2023-09-29 11431554 2022-09-30 2023-09-29 11431554 2023-09-29 11431554 2022-09-29 11431554 core:PlantMachinery 2023-09-30 2024-09-29 11431554 bus:RegisteredOffice 2023-09-30 2024-09-29 11431554 bus:LeadAgentIfApplicable 2023-09-30 2024-09-29 11431554 bus:Director1 2023-09-30 2024-09-29 11431554 bus:Director2 2023-09-30 2024-09-29 11431554 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-29 11431554 core:PlantMachinery 2023-09-29 11431554 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-29 11431554 core:PlantMachinery 2024-09-29 11431554 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-29 11431554 core:RetainedEarningsAccumulatedLosses 2022-09-30 2023-09-29 11431554 core:RetainedEarningsAccumulatedLosses 2023-09-30 2024-09-29 11431554 core:WithinOneYear 2024-09-29 11431554 core:WithinOneYear 2023-09-29 11431554 core:ShareCapital 2024-09-29 11431554 core:ShareCapital 2023-09-29 11431554 core:RetainedEarningsAccumulatedLosses 2024-09-29 11431554 core:RetainedEarningsAccumulatedLosses 2023-09-29 11431554 core:ShareCapital 2022-09-29 11431554 core:RetainedEarningsAccumulatedLosses 2022-09-29 11431554 core:PreviouslyStatedAmount core:ShareCapital 2024-09-29 11431554 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 2024-09-29 11431554 core:PlantMachinery 2023-09-29 11431554 bus:SmallEntities 2023-09-30 2024-09-29 11431554 bus:AuditExempt-NoAccountantsReport 2023-09-30 2024-09-29 11431554 bus:SmallCompaniesRegimeForAccounts 2023-09-30 2024-09-29 11431554 bus:PrivateLimitedCompanyLtd 2023-09-30 2024-09-29 11431554 bus:FullAccounts 2023-09-30 2024-09-29 11431554 core:AllUnconsolidatedStructuredEntities 2023-09-30 2024-09-29 11431554 1 2023-09-30 2024-09-29
Company registration number: 11431554
The Granary (Peel Green) Limited
Unaudited filleted financial statements
29 September 2024
The Granary (Peel Green) Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
The Granary (Peel Green) Limited
Directors and other information
Directors Mr A R J Wellock
Mrs J A Wellock
Company number 11431554
Registered office Croft House
Station Road
Barnoldswick
Lancashire
BB18 5NA
Accountants Windle & Bowker Limited
Croft House
Station Road
Barnoldswick
Lancashire
BB18 5NA
The Granary (Peel Green) Limited
Statement of financial position
29 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 4,144,729 2,745,629
_______ _______
4,144,729 2,745,629
Current assets
Debtors 6 36,661 25,456
Cash at bank and in hand 2,119 986
_______ _______
38,780 26,442
Creditors: amounts falling due
within one year 7 ( 4,421,837) ( 2,932,146)
_______ _______
Net current liabilities ( 4,383,057) ( 2,905,704)
_______ _______
Total assets less current liabilities ( 238,328) ( 160,075)
_______ _______
Net liabilities ( 238,328) ( 160,075)
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account ( 239,328) ( 161,075)
_______ _______
Shareholders deficit ( 238,328) ( 160,075)
_______ _______
For the year ending 29 September 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 12 June 2025 , and are signed on behalf of the board by:
Mr A R J Wellock
Director
Company registration number: 11431554
The Granary (Peel Green) Limited
Statement of changes in equity
Year ended 29 September 2024
Called up share capital Profit and loss account Total
£ £ £
At 28 September 2020 1,000 ( 71,107) ( 70,107)
Loss for the year ( 89,968) ( 89,968)
_______ _______ _______
Total comprehensive income for the year - ( 89,968) ( 89,968)
_______ _______ _______
At 29 September 2023 and 30 September 2023 1,000 ( 161,075) ( 160,075)
Loss for the year ( 78,253) ( 78,253)
_______ _______ _______
Total comprehensive income for the year - ( 78,253) ( 78,253)
_______ _______ _______
At 29 September 2024 1,000 ( 239,328) ( 238,328)
_______ _______ _______
The Granary (Peel Green) Limited
Notes to the financial statements
Year ended 29 September 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Croft House, Station Road, Barnoldswick, Lancashire, BB18 5NA.
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.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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
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.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. Tangible assets
Freehold property Plant and machinery Total
£ £ £
Cost
At 30 September 2023 2,737,818 15,256 2,753,074
Additions 1,394,245 6,417 1,400,662
_______ _______ _______
At 29 September 2024 4,132,063 21,673 4,153,736
_______ _______ _______
Depreciation
At 30 September 2023 - 7,445 7,445
Charge for the year - 1,562 1,562
_______ _______ _______
At 29 September 2024 - 9,007 9,007
_______ _______ _______
Carrying amount
At 29 September 2024 4,132,063 12,666 4,144,729
_______ _______ _______
At 29 September 2023 2,737,818 7,811 2,745,629
_______ _______ _______
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Freehold property Total
£ £
At 29 September 2024
Aggregate cost 4,090,335 4,090,335
Aggregate depreciation (288,815) (288,815)
_______ _______
Carrying amount 3,801,520 3,801,520
_______ _______
At 29 September 2023
Aggregate cost 2,737,818 2,737,818
Aggregate depreciation (207,008) (207,008)
_______ _______
Carrying amount 2,530,810 2,530,810
_______ _______
6. Debtors
2024 2023
£ £
Other debtors 36,661 25,456
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Social security and other taxes 1,724 6,432
Other creditors 4,420,113 2,925,714
_______ _______
4,421,837 2,932,146
_______ _______
8. Related party transactions
Included in creditors: amounts falling due within one year, is a directors loan account balance of £4,416,021 (29 September 2023 - £2,921,618 owing to Mr A R J Wellock & Mrs J A Wellock .The loan is interest free and repayable on demand.
9. Controlling party
The company is under the control of Mr A R J Wellock & Mrs J A Wellock, who are interested in 60% of the company's issued share capital.