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Registered number: 00064757
Grant,Barnett & Company,Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
BGI Partners Ltd
Grant,Barnett & Company,Limited
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Grant,Barnett & Company,Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 00064757
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 62,500 -
Tangible Assets 5 215,104 288,211
277,604 288,211
CURRENT ASSETS
Stocks 336,757 37,672
Debtors 6 3,921,715 4,655,433
Cash at bank and in hand 72,720 306,171
4,331,192 4,999,276
Creditors: Amounts Falling Due Within One Year 7 (2,776,870 ) (2,940,299 )
NET CURRENT ASSETS (LIABILITIES) 1,554,322 2,058,977
TOTAL ASSETS LESS CURRENT LIABILITIES 1,831,926 2,347,188
Creditors: Amounts Falling Due After More Than One Year 8 (29,459 ) (328,611 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (67,125 ) (67,722 )
NET ASSETS 1,735,342 1,950,855
CAPITAL AND RESERVES
Called up share capital 10 35,460 35,460
Share premium account 84,000 84,000
Capital redemption reserve 343,275 343,275
Profit and Loss Account 1,272,607 1,488,120
SHAREHOLDERS' FUNDS 1,735,342 1,950,855
Page 1
Page 2
Grant,Barnett & Company,Limited
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 Paul Thomas
Director
30/09/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Grant,Barnett & Company,Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Grant,Barnett & Company,Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00064757 . The registered office is Waterfront House, 55-61 South Street, Bishop's Stortford, Hertfordshire, CM23 3AL.
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.
The financial statements are presented in pounds sterling and rounded to the nearest £. The company's functional
currency is Pounds Sterling, Euro and US Dollar.
2.2. Going Concern Disclosure
After reviewing the entities forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
2.3. Significant judgements and estimations
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed. Where amounts are received in advance the recognition is deferred until such a time that the above conditions have been met.
Other income
Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method. Government grants received are accounted for on the accruals basis.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.6. 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:
Plant & Machinery 33% on cost, 25% on cost, 10% on cost
Impairment of assets
Fixed assets are reviewed at each reporting date to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
2.7. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.
Page 3
Page 4
Grant,Barnett & Company,Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.8. Financial Instruments
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost, using the effective interest rate method.
Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
2.9. Foreign Currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. 
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. 
Exchange gains and losses are recognised in the profit and loss account.
2.10. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
2.11. Research and development
Expenditure on research and development is written off in the year in which it is incurred.
2.12. Operating leases
Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognized on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.
2.13. Pensions
The company contributes to personal pension schemes and the pension charge represents the amounts payable by the company to the funds in respect of the year.
Forward contracts
Transactions in foreign currencies are translated at the exchange rate ruling at the date of the transaction or, where forward foreign currency contracts have been taken out, at contractual rates. Monetary assets and liabilities are retranslated at the rates of exchange ruling at the balance sheet date, or at a forward contractual rate if applicable. Exchange gains and losses are taken to the profit and loss account. 
Forward currency contracts are not recognised until they mature.
Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation , and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking in to account the risks and uncertainties surrounding the obligation.
...CONTINUED
Page 4
Page 5
Grant,Barnett & Company,Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.13. Pensions - continued
Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at fair value, net of transactions costs, and are measured subsequently at amortised cost using the effective interest method.
Dividends
Dividends are recognised as liabilities once they are no longer at the discretion of the company. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 -
Additions 75,000
As at 31 December 2024 75,000
Amortisation
As at 1 January 2024 -
Provided during the period 12,500
As at 31 December 2024 12,500
Net Book Value
As at 31 December 2024 62,500
As at 1 January 2024 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 597,893
Additions 7,168
Disposals (49,998 )
As at 31 December 2024 555,063
Depreciation
As at 1 January 2024 309,682
Provided during the period 71,827
Disposals (41,550 )
As at 31 December 2024 339,959
Net Book Value
As at 31 December 2024 215,104
As at 1 January 2024 288,211
Page 5
Page 6
Grant,Barnett & Company,Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,151,374 1,434,452
Prepayments and accrued income 134,207 156,662
Other debtors 9,088 4,599
Amounts owed by group undertakings 2,627,046 3,059,720
3,921,715 4,655,433
Included within trade debtors are invoice discounted debts amounting to £1,011,981 (2023: £1,427,201). Advances have been made against this amount and are included within creditors.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,123,934 1,103,328
Bank loans and overdrafts 100,000 199,364
Corporation tax 122,912 120,093
Other taxes and social security 6,863 7,951
Other creditors 287,031 334,122
Other creditors-Secured 1,012,068 1,112,650
Accruals and deferred income 108,262 62,791
Directors' loan accounts 15,800 -
2,776,870 2,940,299
Included in other creditors are advances under discounting which were made under the invoice discounting facility and are secured on the trade debtors of the company.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 299,152
Other creditors (Preference shares) 29,459 29,459
29,459 328,611
Amounts falling due in more than five years:
Repayable otherwise than by instalments
2024 2023
£ £
Other Creditors 29,459 29,459
9. Secured Creditors
Security has been given by way of a debenture from Barclays Bank Plc comprising fixed and floating charges over all the assets and undertaking of the company including all present and future freehold and leasehold property, book and other debtors, chattels and goodwill, both present and future.
The following secured debts are included within creditors:
2024 2023
£ £
Other Creditors 1,012,068 1,112,650
Page 6
Page 7
Grant,Barnett & Company,Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 35,460 35,460
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 500,000 275,000
12. Related Party Transactions
During the period the company recharged overheads of £12,370 (2023: £16,615) to entities connected with key management personnel. Rent of £Nil (2023: £6,000) was received from entities connected to key management personnel.
During the period the company was charged £Nil (2023: £10,000) for services provided by entities connected with key management personnel.
As at the balance sheet date £2,561,553 (2023: £3,059,720) was due from the parent company Grant, Barnett Holdings Limited and included in debtors falling due within one year. The loan is interest free and repayable on demand.
Page 7