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Grays & Feather Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Grays & Feather Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Grays & Feather Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 07634170

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 74,907 |  | 83,471
Investments | 5 |  | 200 |  | 200
|  |  | 75,107 |  | 83,671
CURRENT ASSETS
Stocks | 6 | 12,500 |  | 12,500 |
Debtors | 7 | 770,822 |  | 432,820 |
Cash at bank and in hand |  | 19,574 |  | 337,953 |
|  | 802,896 |  | 783,273 |
Creditors: Amounts Falling Due Within One Year | 8 | (259,965 ) |  | (193,915 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 542,931 |  | 589,358
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 618,038 |  | 673,029
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (239,998 ) |  | (81,578 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (7,569 ) |  | (7,103 )
NET ASSETS |  |  | 370,471 |  | 584,348
CAPITAL AND RESERVES
Called up share capital | 11 |  | 100 |  | 100
Profit and Loss Account |  |  | 370,371 |  | 584,248
SHAREHOLDERS' FUNDS |  |  | 370,471 |  | 584,348

Page 1
Page 2
Grays & Feather 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 A A Gray Director
22 October 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Grays & Feather Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Grays & Feather Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07634170 . The registered office is Mill House, Liphook Road, Haslemere, Surrey, GU27 3QE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised on a point of sale basis.
2.3. 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 | Straight line over 4 years
Motor Vehicles | Straight line over 5 years
Fixtures & Fittings | Straight line at 15% per annum
Computer Equipment | Straight line over 5 years

2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due provision for wastage and slow moving items.
2.6. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares, which are measured at fair value, with changes recognised in profit or loss.
Derivative financial instruments, where applicable, are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2.7. Foreign Currencies
Monetary assets and liabilities 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 differences are taken into account in arriving at the operating profit.
Page 3
Page 4
Grays & Feather Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group.
2.11. Preparation of consolidated financial statements
The financial statements contain information about Grays and Feather Limited as an individual company and do not contain consolidated financial information as the parent of the group. The company has taken the option under section 398 of the Companies Act 2006 not to prepare consolidated financial statements.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 8 (2023: 8)
8 8
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 January 2024 | 5,043 | 117,001 | 3,500 | 6,529 | 132,073
Additions | 843 | - | 801 | 380 | 2,024
As at 31 December 2024 | 5,886 | 117,001 | 4,301 | 6,909 | 134,097
Depreciation
As at 1 January 2024 | 3,047 | 42,272 | 775 | 2,508 | 48,602
Provided during the period | 1,368 | 7,119 | 645 | 1,456 | 10,588
As at 31 December 2024 | 4,415 | 49,391 | 1,420 | 3,964 | 59,190
Net Book Value
As at 31 December 2024 | 1,471 | 67,610 | 2,881 | 2,945 | 74,907
As at 1 January 2024 | 1,996 | 74,729 | 2,725 | 4,021 | 83,471

Page 4
Page 5
Grays & Feather Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Motor Vehicles | - |  | 63,072

5. Investments

| Unlisted
--- | ---
| £
Cost
As at 1 January 2024 | 200
As at 31 December 2024 | 200
Provision
As at 1 January 2024 | -
As at 31 December 2024 | -
Net Book Value
As at 31 December 2024 | 200
As at 1 January 2024 | 200

The company's investments at the balance sheet date in the share capital of companies include the following:
Plume Wine Bar Limited
Registered office: Mill House, Liphook Road, Haslemere, England, GU27 3QE
Nature of business: Licenced Restaurant
Class of shares: Ordinary
Holding: 100%
Quill Wine Bar Limited
Registered office: Mill House, Liphook Road, Haslemere, England, GU27 3QE
Nature of business: Licenced Restaurant
Class of shares: Ordinary
Holding: 100%
6. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Stock | 12,500 |  | 12,500

7. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,198 |  | -
Amounts owed by group undertakings | 553,565 |  | 109,359
Other debtors | 162,442 |  | 320,768
| 717,205 |  | 430,127
Due after more than one year
Other debtors | 53,617 |  | 2,693
| 770,822 |  | 432,820

Page 5
Page 6
Grays & Feather Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
8. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 5,361 |  | 5,419
Trade creditors | 5,190 |  | 50,189
Bank loans and overdrafts | 5,723 |  | 5,659
Other loans | 102,094 |  | -
Amounts owed to group undertakings | 34,270 |  | 4,234
Other creditors | 30,956 |  | 51,337
Taxation and social security | 76,371 |  | 77,077
| 259,965 |  | 193,915

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

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 42,686 |  | 48,341
Bank loans | 27,593 |  | 33,237
Other loans | 169,719 |  | -
| 239,998 |  | 81,578

10. Obligations Under Finance Leases and Hire Purchase

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 5,361 |  | 5,419
Later than one year and not later than five years | 42,686 |  | 48,341
| 48,047 |  | 53,760
| 48,047 |  | 53,760

11. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 January 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2024
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Andrew Gray | 95,480 | 166,152 | 100,224 | - | 161,408

The above loan is unsecure and repayable on demand. Interest is charged at the HMRC official rate.
13. Related Party Transactions
All related party transactions are completed on an arm's length basis and at market value. No disclosures of individual transactions are therefore necessary in these financial statements.
Page 6
Page 7
Grays & Feather Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
14. Ultimate Controlling Party
The company's ultimate controlling party is Mr A Gray by virtue of his ownership level of the issued share capital in the company.
Page 7