2024-03-01 05374468 2025-02-28 05374468 2024-03-01 2025-02-28 05374468 2024-02-28 05374468 2023-03-01 2024-02-28 05374468 uk-core:WithinOneYear 2024-02-28 05374468 uk-core:WithinOneYear 2025-02-28 05374468 uk-core:ShareCapital 2025-02-28 05374468 uk-core:ShareCapital 2024-02-28 05374468 uk-core:RevaluationReserve 2025-02-28 05374468 uk-core:RevaluationReserve 2024-02-28 05374468 uk-core:RetainedEarningsAccumulatedLosses 2025-02-28 05374468 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 05374468 uk-bus:Director1 2024-03-01 2025-02-28 05374468 uk-core:WithinOneYear 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure 05374468 uk-bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 05374468 uk-bus:FRS102 2024-03-01 2025-02-28 05374468 uk-bus:FilletedAccounts 2024-03-01 2025-02-28 05374468 uk-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28
Grindon House Investments Ltd
Registered Number:05374468
For the year ended 28 February 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2025
Grindon House Investments Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05374468
As at 28 February 2025
Grindon House Investments Ltd
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
1,100,000
1,361,450
2
1,100,000
1,361,450
Current assets
Trade and other receivables
(18,000)
(18,000)
3
229,470
Cash and cash equivalents
323,711
305,711
211,470
Trade and other payables: amounts falling due within one
year
(654,528)
(435,805)
4
(443,058)
(130,094)
Net current liabilities
Total assets less current liabilities
969,906
918,392
969,906
Net assets
918,392
Capital and reserves
Called up share capital
2
2
Revaluation reserve
143,819
143,819
5
Retained earnings
826,085
774,571
969,906
918,392
Shareholders' funds
For the year ended 28 February 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
George T McKenzie Director
These financial statements were approved and authorised for issue by the Board on 30 June 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2025
Grindon House Investments Ltd
Notes to the Financial Statements
Statutory Information
Grindon House Investments Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05374468.
Registered address:
West Grindon House
Norham
Berwick Upon Tweed
Northumberland
TD15 2NN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
2. Property, plant and equipment
Land and
buildings
£
Cost or
valuation
At 01 March 2024
1,361,450
Disposals
(261,450)
At 28 February 2025
1,100,000
At 28 February 2025
Net book value
1,100,000
At 29 February 2024
1,361,450
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5
For the year ended 28 February 2025
Grindon House Investments Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2024
2025
£
£
Trade debtors
(18,000)
(18,000)
Short-term debtors are measured at fair value at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and measured subsequently at amortised cost using the effective interest method, less any impairment.
4. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Taxation and social security
12,255
15,041
Other creditors
423,550
639,487
435,805
654,528
Short-term creditors are measured at the transaction price. Other financial laibilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
5. Reserves
Total
£
Revaluation reserve at 01 March 2024
-
Revaluation of fixed assets
143,819
143,819
Revaluation reserve at 28 February 2025
6. Average number of persons employed
During the year the average number of employees was 0
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