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COMPANY REGISTRATION NUMBER: 02996130

Hanbury Grange Homes Limited

Filleted Unaudited Financial Statements

31 January 2025

Hanbury Grange Homes Limited

Statement of Financial Position

31 January 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 4 |  | 2,793 | 3,286

Current assets

Stocks | 734,261 |  | 695,889
Debtors | 5 | 3,462 |  | –
| --------- |  | ---------
| 737,723 |  | 695,889

Creditors: amounts falling due within one year | 6 | 813,489 |  | 769,156
| --------- |  | ---------
Net current liabilities |  | 75,766 | 73,267
|  | -------- | --------
Total assets less current liabilities |  | ( 72,973) | ( 69,981)
|  | -------- | --------
Net liabilities |  | ( 72,973) | ( 69,981)
|  | -------- | --------

Capital and reserves

Called up share capital |  | 200 | 200
Profit and loss account |  | ( 73,173) | ( 70,181)
|  | -------- | --------
Shareholders deficit |  | ( 72,973) | ( 69,981)
|  | -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Hanbury Grange Homes Limited

Statement of Financial Position (continued)

31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 12 September 2025 , and are signed on behalf of the board by:

Mr G G Cooper |
Director |

Company registration number: 02996130

Hanbury Grange Homes Limited

Notes to the Financial Statements

Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Denys House, 22 East Hill, St Austell, Cornwall, PL25 4TR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have prepared the financial statements on the going concern basis, since the principal creditor has agreed to subrogate the loan provided to the company in favour of third party creditors.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and Machinery | - | 15% Reducing Balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Tangible assets

| Plant and machinery | Total
| £ | £
Cost |  |
At 1 February 2024 and 31 January 2025 | 14,622 | 14,622
| -------- | --------
Depreciation |  |
At 1 February 2024 | 11,336 | 11,336
Charge for the year | 493 | 493
| -------- | --------
At 31 January 2025 | 11,829 | 11,829
| -------- | --------
Carrying amount |  |
At 31 January 2025 | 2,793 | 2,793
| -------- | --------
At 31 January 2024 | 3,286 | 3,286
| -------- | --------

5. Debtors

| 2025 | 2024
| £ | £
Other debtors | 3,462 | –
| ------- | ----

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 11,730 | 4,681
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 796,014 | 756,515
Social security and other taxes | – | 465
Other creditors | 5,745 | 7,495
| --------- | ---------
| 813,489 | 769,156
| --------- | ---------

7. Director's advances, credits and guarantees
As at the year end the company owed the director £5,220 (2024 £7,000). This loan is not interest bearing and has no fixed repayment date.