Company registration number SC445165 (Scotland)
GRATTAN AND HYNDS (HOLDINGS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
GRATTAN AND HYNDS (HOLDINGS) LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2
Notes to the financial statements
3 - 5
GRATTAN AND HYNDS (HOLDINGS) LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr M W Dalziel
Mr P Hynds
Mrs C A Hynds
Company number
SC445165
Registered office
SIPS
Crossway
Donibristle Industrial Estate
Dalgety Bay
Fife
Scotland
KY11 9JE
Accountants
Consilium Chartered Accountants
169 West George Street
Glasgow
Scotland
G2 2LB
GRATTAN AND HYNDS (HOLDINGS) LIMITED
BALANCE SHEET
AS AT 31 JULY 2024
31 July 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
500
500
Current assets
Debtors
4
1,972,206
2,176,820
Cash at bank and in hand
226
117
1,972,432
2,176,937
Creditors: amounts falling due within one year
5
(1,105,475)
(1,319,364)
Net current assets
866,957
857,573
Net assets
867,457
858,073
Capital and reserves
Called up share capital
6
300
300
Profit and loss reserves
867,157
857,773
Total equity
867,457
858,073
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 9 July 2025 and are signed on its behalf by:
Mr P Hynds
Director
Company Registration No. SC445165
GRATTAN AND HYNDS (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information
Grattan And Hynds (Holdings) Limited is a private company limited by shares incorporated in Scotland. The registered office is SIPS, Crossway, Donibristle Industrial Estate, Dalgety Bay, Fife, Scotland, KY11 9JE. The company's registered number is SC445165.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The financial statements contain information about Grattan and Hynds (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The directors have taken the decision not to prepare consolidated financial statements in accordance with Section 398 of the Companies Act 2006.
1.2
Fixed asset investments
Investments in subsidiary undertakings are recognised at cost less provision for any diminution of value, is such reduction is deemed to be of a permanent nature.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
GRATTAN AND HYNDS (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.7
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in the profit and loss account.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Total
3
3
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
500
500
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,972,206
1,705,632
Other debtors
471,188
1,972,206
2,176,820
GRATTAN AND HYNDS (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
30,000
Amounts owed to group undertakings
53,836
990,161
Taxation and social security
47
47
Other creditors
1,051,592
299,156
1,105,475
1,319,364
6
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
300 Ordinary of £1
300
300
7
Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
No other transactions were undertaken such as are required to be disclosed under Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".