REGISTERED NUMBER: 03695907 (England and Wales)

Financial Statements

for the Year Ended 31 May 2025

for

GRANDSPAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J A Crole

SECRETARY:

J A Crole

REGISTERED OFFICE:

Fairway House

Links Business Park

St. Mellons

Cardiff

CF3 OLT

REGISTERED NUMBER:

03695907 (England and Wales)

AUDITORS:

Hayvenhursts Limited

Chartered Accountants &

Statutory Auditor

Fairway House

Links Business Park

St Mellons, Cardiff

CF3 OLT

SOLICITORS:

Hutchinson Morris & L C Thomas

19 London Road

Neath

SA11 1LF

FIXED ASSETS

Tangible assets

5

371,495

371,986

CURRENT ASSETS

Stocks

101

102

Debtors

6

46,818

46,525

Cash at bank and in hand

1,057,406

1,081,133

1,104,325

1,127,760

CREDITORS

Amounts falling due within one year

7

(84,304

)

(100,079

)

NET CURRENT ASSETS

1,020,021

1,027,681

TOTAL ASSETS LESS CURRENT LIABILITIES

1,391,516

1,399,667

PROVISIONS FOR LIABILITIES

8

(10,821

)

(10,656

)

NET ASSETS

1,380,695

1,389,011

CAPITAL AND RESERVES

Called up share capital

9

100,000

100,000

Capital redemption reserve

10

234,000

234,000

Retained earnings

10

1,046,695

1,055,011

SHAREHOLDERS' FUNDS

1,380,695

1,389,011

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 November 2025 and were signed by:

J A Crole - Director

1.	STATUTORY INFORMATION

Grandspan Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

From 1 February 2013 onwards, Machine Gaming Duty was introduced, and as such the majority of the company's turnover is no longer within the scope of value added tax, however there is still a small amount of turnover where value added tax remains applicable, this turnover is shown excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

5% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

No depreciation is provided in respect of freehold property and improvement to freehold property. This is not in accordance with FRS No.15 `Tangible Fixed Assets'. In the opinion of the company`s director the open market value of the company`s freehold property is in excess of the original cost. However, in the absence of a professional valuation the director is unable to quantify the excess. The property is maintained so as its open market value does not fall below its original cost. The maintenance costs are written off to the company`s profit and loss account in the period that they are incurred.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 June 2024

285,775

22,588

721,761

Additions

-

-

12,578

At 31 May 2025

285,775

22,588

734,339

DEPRECIATION

At 1 June 2024

-

-

662,066

Charge for year

-

-

13,132

At 31 May 2025

-

-

675,198

NET BOOK VALUE

At 31 May 2025

285,775

22,588

59,141

At 31 May 2024

285,775

22,588

59,695

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2024

138,966

-

1,169,090

Additions

-

899

13,477

At 31 May 2025

138,966

899

1,182,567

DEPRECIATION

At 1 June 2024

135,038

-

797,104

Charge for year

589

247

13,968

At 31 May 2025

135,627

247

811,072

NET BOOK VALUE

At 31 May 2025

3,339

652

371,495

At 31 May 2024

3,928

-

371,986

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

33,028

33,028

Prepayments

13,790

13,497

46,818

46,525

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

36,947

40,898

Tax

80

1,618

Social security and other taxes

2,119

1,795

Accrued expenses

45,158

55,768

84,304

100,079

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

10,821

10,656

Deferred

tax

£

Balance at 1 June 2024

10,656

Movement in year

165

Balance at 31 May 2025

10,821

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100,000

Ordinary

£1

100,000

100,000

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 June 2024

1,055,011

234,000

1,289,011

Deficit for the year

(8,316

)

(8,316

)

At 31 May 2025

1,046,695

234,000

1,280,695

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Cox (Senior Statutory Auditor)

for and on behalf of Hayvenhursts Limited

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Stardust Leisure Limited following the acquisition of 100% during the year.

The ultimate controlling parties ae Mr J A Crole, Mr L J Crole and Mrs G Judd.