GRMP Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06761174

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		2,005		1,816

			2,005		1,816
CURRENT ASSETS
Debtors	6	140,769		135,372
Cash at bank and in hand		53,467		43,418

		194,236		178,790
Creditors: Amounts Falling Due Within One Year	7	(201,939 )		(158,641 )

NET CURRENT ASSETS (LIABILITIES)			(7,703 )		20,149

TOTAL ASSETS LESS CURRENT LIABILITIES			(5,698 )		21,965

Creditors: Amounts Falling Due After More Than One Year	8		(4,140 )		(14,276 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(345 )		(345 )

NET (LIABILITIES)/ASSETS			(10,183 )		7,344

CAPITAL AND RESERVES
Called up share capital	9		200		200
Profit and Loss Account			(10,383 )		7,144

SHAREHOLDERS' FUNDS			(10,183)		7,344

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GRMP Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S G Rillstone

Director

26/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

GRMP Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06761174 . The registered office is 6b Parkway, Porters Wood, St Albans, Hertfordshire, AL3 6PA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised

evenly over its estimated useful life of five years and subjected to annual impairment reviews.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	33% on cost
Computer Equipment	33% on cost

2.5. Leasing and Hire Purchase Contracts

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

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

2.7. Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 6)

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GRMP Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	116,999

As at 31 December 2024	116,999

Amortisation
As at 1 January 2024	116,999

As at 31 December 2024	116,999

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	5,393	8,002	13,395
Additions	-	916	916

As at 31 December 2024	5,393	8,918	14,311

Depreciation
As at 1 January 2024	5,393	6,186	11,579
Provided during the period	-	727	727

As at 31 December 2024	5,393	6,913	12,306

Net Book Value
As at 31 December 2024	-	2,005	2,005

As at 1 January 2024	-	1,816	1,816

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	50,034	50,048
Prepayments and accrued income	1,842	2,258
Amounts owed by group undertakings	88,893	83,066

	140,769	135,372

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GRMP Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	16,368	27,864
Bank loans and overdrafts	10,648	10,648
Corporation tax	27,302	71,438
VAT	51,604	27,498
Other creditors	70	111
Accruals and deferred income	7,025	1,950
Directors' loan accounts	23,974	689
Amounts owed to group undertakings	64,948	18,443

	201,939	158,641

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	4,140	14,276

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	200	200

10. Related Party Transactions

During the year, the company traded with RAB Ltd, a company in which Mr S G Rillstone is also a director. The company also received financial support from RAB Ltd. The balance owed to the company by RAB Ltd as at 31 December 2024 amounted to £56,858 (2023 - £10,353).

The company was previously provided financial support by SGRB Ltd, a company in which Mr S G Rillstone is also a director. The balance owed to the company by SGRB Ltd as at 31 December 2024 amounted to £8,090 (2023 - £8,090).

The company also provided financial support to Carters Group Ltd, a company in which Mr S G Rillstone is also a director. The balance owed by Carters Group Ltd from the company as at 31 December 2024 amounted to £63,068 (2023 - £63,068 owed by Carters Group Ltd).

The company also provided financial support to with Carters Property Management Ltd, a company in which Mr S G Rillstone is also a director. The balance owed by Carters Property Management Ltd to the company as at 31 December 2024 amounted to £25,825 (2023 - £19,998).

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