Grapevine Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02728046

Grapevine Investments Limited

Filleted Unaudited Accounts

31 March 2025

Grapevine Investments Limited

Accounts

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Statement of changes in equity	3

Notes to the accounts	4

Grapevine Investments Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Investments	5		6,294,376		6,363,992

Current assets

Debtors	6	81,290	67,424
Cash at bank and in hand		933,658	682,394
		------------	---------
		1,014,948	749,818

Creditors: amounts falling due within one year	7	( 11,501)		( 5,956)
		------------		---------
Net current assets			1,003,447		743,862
			------------		------------
Total assets less current liabilities			7,297,823		7,107,854

Creditors: amounts falling due after more than one year	8		( 2,954,596)		( 2,974,596)

Provisions

Taxation including deferred tax	( 114,159)	( 116,728)
	------------	------------
Net assets	4,229,068	4,016,530
	------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	4,228,968	4,016,430
	------------	------------
Shareholders funds	4,229,068	4,016,530
	------------	------------

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

Grapevine Investments Limited

Statement of Financial Position (continued)

31 March 2025

These accounts were approved by the board of directors and authorised for issue on 1 December 2025 , and are signed on behalf of the board by:

G N Fisher

Director

Company registration number: 02728046

Grapevine Investments Limited

Statement of Changes in Equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 April 2023	100	3,678,073	3,678,173

Profit for the year		338,357	338,357
	----	------------	------------
Total comprehensive income for the year	–	338,357	338,357

At 31 March 2024	100	4,016,430	4,016,530

Profit for the year		212,538	212,538
	----	------------	------------
Total comprehensive income for the year	–	212,538	212,538

	----	------------	------------
At 31 March 2025	100	4,228,968	4,229,068
	----	------------	------------

Grapevine Investments Limited

Notes to the Accounts

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Stannary Place, Kennington, London, SE11 4AE.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The amounts in the accounts have been prepared to the nearest £, unless otherwise stated.

Going concern

The directors have prepared the accounts on the going concern basis and are confident that the company is a going concern for a period of at least 12 months from approval of these accounts. The company's principal activity is the management of investments. Investments have decreased during the year but remain above original book cost.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under FRS 102 Section 1A: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Trade and other debtors Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. Trade and other creditors Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

4. Employee numbers

The average number of persons employed by the company during the year was Nil (2024: Nil).

5. Investments

	Listed investments
	£
Cost
At 1 April 2024	6,363,992
Additions	435,318
Disposals	( 352,923)
Revaluations	( 152,011)
	------------
At 31 March 2025	6,294,376
	------------
Impairment
At 1 April 2024 and 31 March 2025	–
	------------

Carrying amount
At 31 March 2025	6,294,376
	------------
At 31 March 2024	6,363,992
	------------

Investments are publicly traded and are valued using quoted market prices. The historical cost of the investments is £5,323,977 (2024: £5,461,776).

6. Debtors

	2025	2024
	£	£
Other debtors	81,290	67,424
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	11,501	5,956
	--------	-------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	2,954,596	2,974,596
	------------	------------

The loan is repayable by 31 December 2050.

9. Related party transactions

The company is wholly owned by the A H Drummon Will Trust, the trustees of which have no beneficial interest in the shares, but control the voting rights on behalf of the Trust. A loan of £50,443 (2024: £50,443) to one of AH Drummon's children is included in other debtors. At 31 March 2025, an amount of £2,954,596 (2024: £2,974,596) was due to the shareholders, the trustees of the A H Drummon Will Trust. £20,000 was repaid during the year (2024: £nil) in accordance with the terms of the Will. The loan is repayable by 31 December 2050 and no interest is payable. During the year, remuneration and fees paid to key management personnel, the directors, totalled £12,000 (2024: £12,000).