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REGISTERED NUMBER: 08902585 (England and Wales)















Unaudited Financial Statements

for the Year Ended 5 April 2024

for

HIERONYMUS GRUFF LIMITED

HIERONYMUS GRUFF LIMITED (REGISTERED NUMBER: 08902585)

Contents of the Financial Statements
for the year ended 5 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIERONYMUS GRUFF LIMITED

Company Information
for the year ended 5 April 2024







Directors: M Shaw
Miss G Ceriden Morse





Registered office: 3rd Floor
86 - 90 Paul Street
London
EC2A 4NE





Registered number: 08902585 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69 - 73 Theobalds Road
London
WC1X 8TA

HIERONYMUS GRUFF LIMITED (REGISTERED NUMBER: 08902585)

Balance Sheet
5 April 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 48,833 58,600
Tangible assets 5 3,475 1,188
52,308 59,788

Current assets
Stocks 1,591,437 1,215,881
Debtors 6 39,161 43,628
Cash at bank 19 -
1,630,617 1,259,509
Creditors
Amounts falling due within one year 7 3,048,187 2,624,687
Net current liabilities (1,417,570 ) (1,365,178 )
Total assets less current liabilities (1,365,262 ) (1,305,390 )

Creditors
Amounts falling due after more than one year 8 8,891 27,983
Net liabilities (1,374,153 ) (1,333,373 )

Capital and reserves
Called up share capital 9 2 2
Retained earnings (1,374,155 ) (1,333,375 )
Shareholders' funds (1,374,153 ) (1,333,373 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

HIERONYMUS GRUFF LIMITED (REGISTERED NUMBER: 08902585)

Balance Sheet - continued
5 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by:





M Shaw - Director


HIERONYMUS GRUFF LIMITED (REGISTERED NUMBER: 08902585)

Notes to the Financial Statements
for the year ended 5 April 2024


1. Statutory information

Hieronymus Gruff 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern

The financial statements have been prepared on the going concern basis. This basis may not be appropriate as at the balance sheet date the company had net current liabilities of £1,417,570 (2023 £1,365,178) and net liabilities of £1,374,153 (2023 £1,333,373) which would indicate that it can not pay its debts as they fall due.

However with the continued support of the directors the Company has been able to continue to trade.

The directors consider that in preparing the financial statements they have taken into account all information that could reasonably be expected to be available. On this basis, they consider it appropriate to prepare the financial statements on the going concern basis. This assumes that the Company's directors will continue financial support. The financial statements do not include any adjustments that would result if the Company was unable to continue to trade.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost
Computer equipment - 25% on cost

HIERONYMUS GRUFF LIMITED (REGISTERED NUMBER: 08902585)

Notes to the Financial Statements - continued
for the year ended 5 April 2024


2. Accounting policies - continued

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

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

4. Intangible fixed assets
Entitlements
£
Cost
At 6 April 2023
and 5 April 2024 97,668
Amortisation
At 6 April 2023 39,068
Amortisation for year 9,767
At 5 April 2024 48,835
Net book value
At 5 April 2024 48,833
At 5 April 2023 58,600

HIERONYMUS GRUFF LIMITED (REGISTERED NUMBER: 08902585)

Notes to the Financial Statements - continued
for the year ended 5 April 2024


5. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£ £ £
Cost
At 6 April 2023 77,516 - 77,516
Additions 2,475 2,157 4,632
At 5 April 2024 79,991 2,157 82,148
Depreciation
At 6 April 2023 76,328 - 76,328
Charge for year 1,806 539 2,345
At 5 April 2024 78,134 539 78,673
Net book value
At 5 April 2024 1,857 1,618 3,475
At 5 April 2023 1,188 - 1,188

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 13,971 13,750
VAT 25,190 29,878
39,161 43,628

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,000 13,717
Trade creditors 1,448,040 1,062,445
Directors' current accounts 1,586,918 1,542,450
Accrued expenses 3,229 6,075
3,048,187 2,624,687

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years (1,109 ) 17,983
8,891 27,983

HIERONYMUS GRUFF LIMITED (REGISTERED NUMBER: 08902585)

Notes to the Financial Statements - continued
for the year ended 5 April 2024


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1.00 2 2

10. Directors' advances, credits and guarantees

During the year directors advance the money to the company. As at 31/03/2024, the company owes the directors £1,586,918 (2023:£1,542,450) to the directors. Loans from the company are interest free, unsecured and payable on demand.

11. Ultimate controlling party

There is no one controlling party.