| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 5 April 2024 |
| for |
| HIERONYMUS GRUFF LIMITED |
| REGISTERED NUMBER: |
| 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: |
| Registered office: |
| Registered number: |
| Accountants: |
| 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 |
| Tangible assets | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Creditors |
| Amounts falling due after more than one year | 8 |
| Net liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 9 |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| Computer equipment | - |
| 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 |
| Amortisation |
| At 6 April 2023 |
| Amortisation for year |
| At 5 April 2024 |
| Net book value |
| At 5 April 2024 |
| At 5 April 2023 |
| 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 |
| Additions |
| At 5 April 2024 |
| Depreciation |
| At 6 April 2023 |
| Charge for year |
| At 5 April 2024 |
| Net book value |
| At 5 April 2024 |
| At 5 April 2023 |
| 6. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| VAT |
| 7. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Directors' current accounts | 1,586,918 | 1,542,450 |
| Accrued expenses |
| 8. | Creditors: amounts falling due after more than one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years | ( |
) |
| 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: | £ | £ |
| 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. |