Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30true442023-12-01falseproperty developmentfalsefalse 04319887 2023-12-01 2024-11-30 04319887 2022-12-01 2023-11-30 04319887 2024-11-30 04319887 2023-11-30 04319887 c:Director3 2023-12-01 2024-11-30 04319887 d:CurrentFinancialInstruments 2024-11-30 04319887 d:CurrentFinancialInstruments 2023-11-30 04319887 d:Non-currentFinancialInstruments 2024-11-30 04319887 d:Non-currentFinancialInstruments 2023-11-30 04319887 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 04319887 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 04319887 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 04319887 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 04319887 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-11-30 04319887 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 04319887 d:ShareCapital 2024-11-30 04319887 d:ShareCapital 2023-11-30 04319887 d:RetainedEarningsAccumulatedLosses 2024-11-30 04319887 d:RetainedEarningsAccumulatedLosses 2023-11-30 04319887 c:FRS102 2023-12-01 2024-11-30 04319887 c:Audited 2023-12-01 2024-11-30 04319887 c:FullAccounts 2023-12-01 2024-11-30 04319887 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04319887 c:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 04319887 2 2023-12-01 2024-11-30 04319887 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 04319887









GRAINHOME LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
GRAINHOME LIMITED
REGISTERED NUMBER: 04319887

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Stocks
 4 
7,500,000
7,500,000

Debtors: amounts falling due within one year
 5 
250,000
902,598

Cash at bank and in hand
 6 
1,537,199
1,836,257

  
9,287,199
10,238,855

Creditors: amounts falling due within one year
 7 
(567,920)
(401,255)

Net current assets
  
 
 
8,719,279
 
 
9,837,600

Total assets less current liabilities
  
8,719,279
9,837,600

Creditors: amounts falling due after more than one year
 8 
(4,000,000)
(6,361,517)

  

Net assets
  
4,719,279
3,476,083


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,719,179
3,475,983

  
4,719,279
3,476,083


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 August 2025.




D G Mattey
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
GRAINHOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Grainhome Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 04319887. The address of the registered office is Lawrence House, Goodwyn Avenue, Mill Hill, London, NW7 3RH. The principal activity of the company is that of property development.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents the amounts received in respect of property sales and is recognised on unconditional exchange of contracts.
Other operating income is recognised when receivable and allocated over the period to which it relates. 

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 2

 
GRAINHOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.7

Stocks

Unsold properties held for resale are stated at the lower of cost and net realisable value, Cost includes all ancillary expenses of the purchase.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Stocks

2024
2023
£
£

Development property
7,500,000
7,500,000

7,500,000
7,500,000



5.


Debtors

2024
2023
£
£


Other debtors
250,000
902,598

250,000
902,598


Page 3

 
GRAINHOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,537,199
1,836,257

1,537,199
1,836,257



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
414,399
277,231

Other taxation and social security
104,786
87,187

Accruals and deferred income
48,735
36,837

567,920
401,255



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,000,000
6,361,517

4,000,000
6,361,517


The following liabilities were secured:

2024
2023
£
£



Bank loans
4,000,000
6,361,517

4,000,000
6,361,517

Details of security provided:

The above loans have been secured by a fixed and floating charge over the properties and undertakings held in the company.

Page 4

 
GRAINHOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
4,000,000
6,361,517


4,000,000
6,361,517


4,000,000
6,361,517



10.


Auditors' information

The auditors' report on the financial statements for the year ended 30 November 2024 was unqualified.

The audit report was signed on 22 August 2025 by Matthew Wells ACA (Senior Statutory Auditor) on behalf of Haslers.

 
Page 5