COMPANY REGISTRATION NUMBER:
12261095
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Grimsthorpe & Drummond Castle Enterprises Limited |
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Filleted Financial Statements |
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Grimsthorpe & Drummond Castle Enterprises Limited |
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Statement of Financial Position |
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31 March 2025
Current assets
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Debtors |
4 |
36,618 |
239,736 |
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Cash at bank and in hand |
199,019 |
1,967 |
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----------- |
----------- |
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235,637 |
241,703 |
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Creditors: amounts falling due within one year |
5 |
235,636 |
241,702 |
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Net current assets |
1 |
1 |
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----- |
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Total assets less current liabilities |
1 |
1 |
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----- |
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Net assets |
1 |
1 |
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----- |
----- |
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Capital and reserves
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Called up share capital |
1 |
1 |
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----- |
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Shareholders funds |
1 |
1 |
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----- |
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These financial statements 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 statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
11 December 2025
, and are signed on behalf of the board by:
Company registration number:
12261095
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Grimsthorpe & Drummond Castle Enterprises Limited |
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Notes to the Financial Statements |
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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 Grimsthorpe & Drummond Castle Trust Ltd, Estate Office, Grimsthorpe, Bourne, Lincolnshire, PE10 0LY, United Kingdom.
2.
Statement of compliance
These financial statements 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 and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Grimsthorpe & Drummond Castle Trust Limited which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (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. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. 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. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
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. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Debtors
|
2025 |
2024 |
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£ |
£ |
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Trade debtors |
12 |
226,728 |
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Other debtors |
36,606 |
13,008 |
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36,618 |
239,736 |
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5.
Creditors:
amounts falling due within one year
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2025 |
2024 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
235,636 |
52,762 |
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Other creditors |
– |
188,940 |
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235,636 |
241,702 |
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6.
Summary audit opinion
The auditor's report dated
16 December 2025
was
unqualified
.
The senior statutory auditor was
Lizzie Saunby BFP ACA
, for and on behalf of
Streets Audit LLP
.
7.
Controlling party
The company is controlled by its immediate and ultimate parent Grimsthorpe & Drummond Castle Trust Limited which is a registered charity (number 507478)and a company limited by guarantee incorporated in England & Wales (company number 01356661). The most senior parent entity producing publicly available consolidated financial statements is Grimsthorpe & Drummond Castle Trust Limited. These financial statements are available upon request from Grimsthorpe & Drummond Castle Trust Limited, Grimsthorpe Estate Office, Grimsthorpe, Bourne, PE10 0LY.