Registration number: 08859672

The Grange Bermondsey Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

The Grange Bermondsey Limited

Company Information

Director

Mr M Downie

Registered office

Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

The Grange Bermondsey Limited

(Registration number: 08859672)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	21,584	30,651
Current assets
Stocks	5	11,895	12,831
Debtors	6	367,533	331,448
Cash at bank and in hand		10,351	23,798
		389,779	368,077
Creditors: Amounts falling due within one year	7	(104,838)	(106,553)
Net current assets		284,941	261,524
Total assets less current liabilities		306,525	292,175
Creditors: Amounts falling due after more than one year	7	(387,770)	(362,883)
Net liabilities		(81,245)	(70,708)
Capital and reserves
Called up share capital	8	350	350
Retained earnings		(81,595)	(71,058)
Shareholders' deficit		(81,245)	(70,708)

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The Grange Bermondsey Limited

(Registration number: 08859672)
Balance Sheet as at 31 January 2025

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 October 2025
 

Mr M Downie Director

The Grange Bermondsey Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

The principal place of business is:
The Grange
103-104 Grange Road
London
SE1 3BW

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The director will continue to support the business to ensure all liabilities are met as they fall due.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The Grange Bermondsey Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	25% on cost
Fixtures and Fittings	25% on cost
Computer Equipment	33% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 13 (2024 - 10).

The Grange Bermondsey Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 February 2024	94,562	58,859	153,421
Additions	1,885	-	1,885
At 31 January 2025	96,447	58,859	155,306
Depreciation
At 1 February 2024	66,944	55,826	122,770
Charge for the year	9,975	977	10,952
At 31 January 2025	76,919	56,803	133,722
Carrying amount
At 31 January 2025	19,528	2,056	21,584
At 31 January 2024	27,618	3,033	30,651

5

Stocks

	2025 £	2024 £
Other inventories	11,895	12,831

6

Debtors

Current	2025 £	2024 £
Prepayments	1,148	1,063
Other debtors	366,385	330,385
	367,533	331,448

The Grange Bermondsey Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	10,134	10,048
Trade creditors		19,460	32,617
Taxation and social security		21,157	20,892
Accruals and deferred income		45,161	35,304
Other creditors		8,926	7,692
		104,838	106,553

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	387,770	362,883

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	350	350	350	350

The Grange Bermondsey Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,777	13,997
Other borrowings	383,993	348,886
	387,770	362,883

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,134	10,048

10	Related party transactions

Summary of transactions with other related parties

Mr M Downie and Mr G Bearham are shareholders in both The Grange Bermondsey Limited and DB Innkeepers Limited. DB Innkeepers Limited owns the property from which The Grange Bermondsey Limited runs its trade.
 
At the year end DB Innkeepers Limited owes the company £366,385 (2024 - £330,385), which is included in Other debtors.

At the year end the company owes a balance of £383,993 (2024 - £348,886) to Mr M Downie, which is included in creditors falling due after more than one year.
 

11

Control

The ultimate controlling party is the director, Mr M Downie by virtue of his shareholding in the company.