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REGISTERED NUMBER: 10052239 (England and Wales)

GRAZE NORTH WALES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

GRAZE NORTH WALES LIMITED (REGISTERED NUMBER: 10052239) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| GRAZE NORTH WALES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTOR: | R Haley Esq

| REGISTERED OFFICE: | First Floor Suite

| 23 Trinity Square

| LLANDUDNO

| Conwy

| LL30 2RH

| REGISTERED NUMBER: | 10052239 (England and Wales)

| ACCOUNTANTS: | Hawley and Company

| Chartered Accountants & Chartered Tax Advisers

| First Floor Suite

| 23 Trinity Square

| LLANDUDNO

| North Wales

| LL30 2RH

GRAZE NORTH WALES LIMITED (REGISTERED NUMBER: 10052239) |

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 31,453 |  | 29,584 |  |

CURRENT ASSETS

Stocks | 1,850 |  | 1,800 |  |

Debtors | 5 | 3,656 |  | 20,816 |  |

Cash at bank and in hand | 43,925 |  | 35,444 |  |

49,431 |  | 58,060 |  |

CREDITORS

Amounts falling due within one year | 6 | 42,225 |  | 50,133 |  |

NET CURRENT ASSETS | 7,206 |  | 7,927 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 38,659 |  | 37,511 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (26,331 | ) | (31,681 | ) |

PROVISIONS FOR LIABILITIES | 8 | (5,808 | ) | (5,416 | ) |

NET ASSETS | 6,520 |  | 414 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 75 |  | 75 |  |

Retained earnings | 6,445 |  | 339 |  |

SHAREHOLDERS' FUNDS | 6,520 |  | 414 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GRAZE NORTH WALES LIMITED (REGISTERED NUMBER: 10052239) |

STATEMENT OF FINANCIAL POSITION - continued

31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2025 and were signed by:

R Haley Esq - Director

GRAZE NORTH WALES LIMITED (REGISTERED NUMBER: 10052239) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Graze North Wales 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.

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.

| Revenue recognition

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 33% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company makes pension contributions on behalf of directors and staff. Contributions paid during the year are charged in the Income Statement.

GRAZE NORTH WALES LIMITED (REGISTERED NUMBER: 10052239) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Trade and other debtors

| Trade and other debtors are initially recognised at their transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

| Trade and other creditors

| Trade and other creditors are initially recognised at their transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 18 (2023 - 14 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 46,796 |  | 17,887 |  | 64,683 |  |

| Additions | 5,793 |  | 3,662 |  | 9,455 |  |

| At 31 December 2024 | 52,589 |  | 21,549 |  | 74,138 |  |

| DEPRECIATION

| At 1 January 2024 | 23,163 |  | 11,936 |  | 35,099 |  |

| Charge for year | 4,414 |  | 3,172 |  | 7,586 |  |

| At 31 December 2024 | 27,577 |  | 15,108 |  | 42,685 |  |

| NET BOOK VALUE

| At 31 December 2024 | 25,012 |  | 6,441 |  | 31,453 |  |

| At 31 December 2023 | 23,633 |  | 5,951 |  | 29,584 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Amounts owed by related parties | 2,072 |  | 1,342 |  |

| Director's current account | - |  | 18,403 |  |

| Prepayments | 1,584 |  | 1,071 |  |

3,656 |  | 20,816 |  |

GRAZE NORTH WALES LIMITED (REGISTERED NUMBER: 10052239) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 5,100 |  | 5,100 |  |

| Trade creditors | 12,627 |  | 11,506 |  |

| Amounts owed to related parties | - |  | 2,375 |  |

| Tax | 3,939 |  | 2,295 |  |

| Social security and other taxes | 11,578 |  | 10,066 |  |

| Director's current account | 986 |  | - |  |

| Accruals | 7,995 |  | 18,791 |  |

42,225 |  | 50,133 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loan | 26,331 |  | 31,681 |  |

8. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred tax | 5,808 |  | 5,416 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2024 | 5,416 |  |

| Accelerated capital allowances | 392 |  |

| Balance at 31 December 2024 | 5,808 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 75 | Ordinary | £1 | 75 |  | 75 |  |

GRAZE NORTH WALES LIMITED (REGISTERED NUMBER: 10052239) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 | 2023 |

£ | £ |

| R Haley Esq

| Balance outstanding at start of year | 18,403 |  | - |  |

| Amounts advanced | - |  | 18,403 |  |

| Amounts repaid | (18,403 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 18,403 |  |