Grant, Barnett Holdings Limited

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

Registered number: 04108513

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		2,755,733		2,755,733

			2,755,733		2,755,733
CURRENT ASSETS
Debtors	5	1,372,677		2,372,677

		1,372,677		2,372,677
Creditors: Amounts Falling Due Within One Year	6	(2,566,850 )		(3,072,549 )

NET CURRENT ASSETS (LIABILITIES)			(1,194,173 )		(699,872 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,561,560		2,055,861

NET ASSETS			1,561,560		2,055,861

CAPITAL AND RESERVES
Called up share capital	8		150,000		150,000
Share premium account			114,000		114,000
Capital redemption reserve			165,000		165,000
Profit and Loss Account			1,132,560		1,626,861

SHAREHOLDERS' FUNDS			1,561,560		2,055,861

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Grant, Barnett Holdings 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 5 form part of these financial statements.

1. General Information

Grant, Barnett Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04108513 . 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.

2.2. Going Concern Disclosure

Current liabilities exceed current assets, however, 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.

Preparation of consolidated financial statements

The financial statements contain information about Grant, Barnett Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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. 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.

2.5. 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 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.

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Grant, Barnett Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. 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.

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.

2.7. Investments in subsidiaries

Investments in subsidiaries are disclosed at cost less impairment.

Other Investments

Other investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through profit and loss.

2.8. Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. Average Number of Employees

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

4. Investments

	Associates	Other	Total
	£	£	£
Cost or Valuation
As at 1 January 2024	2,683,365	72,368	2,755,733

As at 31 December 2024	2,683,365	72,368	2,755,733

Provision
As at 1 January 2024	-	-	-

As at 31 December 2024	-	-	-

Net Book Value
As at 31 December 2024	2,683,365	72,368	2,755,733

As at 1 January 2024	2,683,365	72,368	2,755,733

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	1,372,677	2,372,677

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Grant, Barnett Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Corporation tax	1,337	1,833
Other creditors	1,835	10,996
Accruals and deferred income	2,125	-
Amounts owed to group undertakings	2,561,553	3,059,720

	2,566,850	3,072,549

7. Secured Creditors

Barclays Bank Plc has a fixed and floating charge over all the assets of the company.

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	150,000	150,000

9. Contingent Liabilities

There is a cross guarantee in place with group entities for which there are total loans of £1,112,650 (2023: £1,112,650) applicable to the guarantee as at the balance sheet date.

10. Related Party Transactions

As at the balance sheet date £3,061,553 (2023: £3,059,720) was owed to the subsidiary company Grant, Barnett & Company Limited and included in creditors. The loan is interest free and repayable on demand.

As at the balance sheet date £1,037,379 (2023: £1,037,379) was due from companies connected to key management personnel and included in other debtors falling due within one year. Interest is charged at varying rates on the loans and they are repayable on demand.

As at the balance sheet date £96,428 (2023: £1,096,428) was owed from key management personnel and included in other debtors falling due within one year. The debt is repayable on demand and interest is charged.

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