Grain Hospitality Limited

Contents

Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2 to 4

Grain Hospitality Limited

(Registration number: 09543583)
Abridged Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	9,411	14,324
Current assets
Stocks		16,981	11,873
Debtors		5,711	7,111
Cash at bank and in hand		65,497	68,260
		88,189	87,244
Creditors: Amounts falling due within one year		(160,044)	(179,183)
Net current liabilities		(71,855)	(91,939)
Total assets less current liabilities		(62,444)	(77,615)
Creditors: Amounts falling due after more than one year		(2,018)	(12,419)
Net liabilities		(64,462)	(90,034)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(64,562)	(90,134)
Total equity		(64,462)	(90,034)

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 2 December 2025 and signed on its behalf by:
 

Mr D B Grimes

Director

Grain Hospitality Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales (registered number 09543583).

The address of its registered office is:
Cheese & Grain
Market Yard
Justice Lane
Frome
Somerset
BA11 1BE

These financial statements were authorised for issue by the Board on 2 December 2025.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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 Directors have considered the ability of the company to meet its liabilities as they fall due and given the nature of the sector, have sufficient liquidity to satisfy its creditors.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 3 December 2025 was Duncan Nicholas FCA, who signed for and on behalf of Moore Scarrott Audit Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Grain Hospitality Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

No deferred tax asset has been recognised on timing differences arising in the company, as it is the policy of the company to donate its taxable profits to the parent charity (Frome Cheese & Grain Ltd), under the Gift Aid scheme. Therefore in accordance with FRS 102 Section 29, the asset has not been recognised as it is not probable that sufficient future taxable profits will be available against which the timing differences could be utilised.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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
Leasehold improvements	Straight line over 20 years
Plant and machinery	25% straight line
Fixture, fittings and equipment	25% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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 stocks 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 directors) during the year, was 44 (2024 - 46).

4	Auditors' remuneration

	2025 £	2024 £
Audit of the financial statements	12,000	9,350

 

Grain Hospitality Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Total £
Cost or valuation
At 1 April 2024	64,669
Additions	1,715
Disposals	(21,643)
At 31 March 2025	44,741
Depreciation
At 1 April 2024	50,345
Charge for the year	5,346
Eliminated on disposal	(20,361)
At 31 March 2025	35,330
Carrying amount
At 31 March 2025	9,411
At 31 March 2024	14,324

Included within the net book value of land and buildings above is £4,031 (2024 - £4,290) in respect of short leasehold land and buildings.
 

6	Related party transactions

The company has taken advantage of the exemption available under Section 33 of FRS 102 Related Party Disclosures, and has not disclosed transactions or balances with related parties that are part of the group. This is on the grounds that it is a wholly-owned subsidiary of Frome Cheese & Grain Limited, which prepares consolidated financial statements that are publicly available and include the results of the company.

The consolidated financial statements of Frome Cheese & Grain can be accessed online at Companies House.

7	Parent and ultimate parent undertaking

The company's immediate parent is Frome Cheese and Grain Limited, incorporated in England and Wales.

  These financial statements are available upon request from Cheese and Grain, Market Yard, Frome, Somerset, England, BA11 1BE.