Registration number:
Grinterley Limited
for the Year Ended 31 December 2025
Grinterley Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Consolidated Profit and Loss Account |
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Consolidated Statement of Comprehensive Income |
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Consolidated Balance Sheet |
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Balance Sheet |
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Consolidated Statement of Changes in Equity |
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Statement of Changes in Equity |
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Consolidated Statement of Cash Flows |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Grinterley Limited
Company Information
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Directors |
C Avery R Jeffery D Pritchard N Yellop |
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Registered office |
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Auditors |
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Grinterley Limited
Strategic Report for the Year Ended 31 December 2025
Grinterley Limited:
Principal activity
The principal activity of Grinterley Limited continues to be the provision of management services to its wholly owned subsidiary Hambleside Danelaw Limited.
Fair review of the business
The Group achieved sales in 2025 of £15.78 million (2024: £16.26 million) and a consolidated operating profit of £1.016 million (2024: £372K).
The Group’s consolidated net profit for the year, after taxation, was £883,669 (2024: £430,675).
During 2025, Grinterley Limited paid to its shareholders dividends of £443,619 (2024: £345,037) and received dividends from its Subsidiary of £450,000 (2024: £521,455).
Hambleside Danelaw Limited: Principal activity
Hambleside Danelaw Limited was incorporated in March 1976, and this report marks the 50th Anniversary of the principal activity of the company which continues to be the manufacture and sale of roofing and ventilation products.
Fair review of the business 2025 financial year
Hambleside Danelaw Limited achieved sales of £15.78 million (2024: £16.26 million) with an operating profit of £1.086 million (2024: £532K).
Despite the small reduction of 3% in the turnover for the year, the Company achieved increased profitability. This increase was primarily as a result of the improved margins due to the completion of the capital investment programme which commenced in 2023 and targeted at enhancing production techniques and efficiencies.
Consequently, the gross profit margin for 2025 increased to 38% from the 34% achieved in 2024.
2025 also saw the successful introduction of a fully integrated computer system, an investment which had also been commenced in 2023.
The Company continues to invest in new plant and equipment and has a strong programme of Research and Development to enhance and add new products to its product range.
The Company’s financial position remains stable and, at the date of this report and does not have any HP or bank debt.
Future trading
The UK housebuilding industry in 2026 is currently believed to be entering a transitional phase, and will potentially move out of the market downturn which started in the later part of 2023.
The sector remains constrained by affordability issues, high financing costs, regulatory burdens, and subdued private demand and the unease created by the current wars in the Middle East and Ukraine are only adding to that concern.
Due to the unsettled global economy, there is currently pressure in the market from raising raw material and shipment costs which by their nature are adding inflationary pressures to end user prices.
At best, the Company feels that 2026 is characterised as a year of stabilisation rather than expansion, with, hopefully, a stronger market recovery expected from 2027 onwards. The UK Government is still “pushing” its desire to substantially increase the rate of house building during its current term of office.
Hambleside Danelaw Ltd - 2025 Financial summary
The amount of the Company’s loan debt as at the 31st December 2025 was £nil (2024: £1,359).
Its Turnover for the year was £ 15,777,246 (2024: £16,267,987).
The operating profit for the year was £1,086,992 (2024: £532,007).
The 2025 net profit before Dividends and taxation was £1,072,823 (2024: £554,384).
The Provision for liabilities within the Balance Sheet of £1,025,717, primarily covers reserves for deferred taxation, a general product guarantee in respect of the Company’s Dryseal brand, and a dilapidation reserve in respect of its leasehold property.
Hambleside Danelaw Limited: Changes to the Company’s Board of Directors
Ian Weakford stepped down from his position as sales director on the 30th April 2025. The Company is pleased to confirm that from the 1st May 2025 he continued to serve on the Board of Hambleside Danelaw Ltd in the capacity of a non-executive Director.
Neil Brown was appointed sales director of Hambleside Danelaw Ltd on the 1st May 2025.
In July 2026, the Hambleside Danelaw Board will be joined by Antony Thompson. He will be taking on the responsibilities of Managing Director as Chris Avery begins to withdraw.
Chris Avery will step down as an executive director of Hambleside Danelaw Limited on the 31st March 2027, but will continue to serve on the Board in a non-executive role.
Grinterley Limited: Shareholder and Board of Director changes
The 2024 Strategic Report recorded that David Yellop, a founder of the Grinterley Ltd and Hambleside Danelaw who had served as a director of both of these Company from their had stepped down from their respective Board in August 2024.
However, we must now record that David sadly passed away in September 2025, having devoted the majority of his working life to developing the Hambleside organisation.
On the 2nd September 2025 David, shortly before his death on the 5th September 2025, transferred his shareholdings in Grinterley (comprising of 16,839 Fixed Ordinary shares and 16,839 Growth Ordinary shares) to his wife, Marion.
On the 2nd September 2025 Frances Pritchard transferred her shareholding in Grinterley Ltd (comprising of 2,914 Fixed Ordinary shares and 2,914 Growth Ordinary shares) to her husband, David Pritchard.
The 2024 strategic Report had referred to the death of Guy Pritchard. Guy’s shareholding (comprising of 9,594 Fixed Ordinary and 9,594 Growth Ordinary shares) were transferred on the 6th March 2026 to his Partner, Yvonne Berridge, under instructions received from the appointed Administrator of Guy’s Estate.
All of the Share Transfers were duly approved by the Shareholders of Grinterley who also agreed to waive their pre-emptive rights.
In addition to the approval of the Share Transfers, the Shareholders also ratified their own individual shareholding (detailed in the Table on Page 32 of these accounts).
Whilst Chris Avery has given his notice of resignation from his position as Managing Director of Hambleside Danelaw Ltd on the 31st March 2027, he will be remaining as an executive director on the Board of Grinterley Limited.
Grinterley Limited
Strategic Report for the Year Ended 31 December 2025
Grinterley Limited:
Principal activity
The principal activity of Grinterley Limited continues to be the provision of management services to its wholly owned subsidiary Hambleside Danelaw Limited.
Fair review of the business
The Group achieved sales in 2025 of £15.78 million (2024: £16.26 million) and a consolidated operating profit of £1.016 million (2024: £372K).
The Group’s consolidated net profit for the year, after taxation, was £883,669 (2024: £430,675).
During 2025, Grinterley Limited paid to its shareholders dividends of £443,619 (2024: £345,037) and received dividends from its Subsidiary of £450,000 (2024: £521,455).
Hambleside Danelaw Limited: Principal activity
Hambleside Danelaw Limited was incorporated in March 1976, and this report marks the 50th Anniversary of the principal activity of the company which continues to be the manufacture and sale of roofing and ventilation products.
Fair review of the business 2025 financial year
Hambleside Danelaw Limited achieved sales of £15.78 million (2024: £16.26 million) with an operating profit of £1.086 million (2024: £532K).
Despite the small reduction of 3% in the turnover for the year, the Company achieved increased profitability. This increase was primarily as a result of the improved margins due to the completion of the capital investment programme which commenced in 2023 and targeted at enhancing production techniques and efficiencies.
Consequently, the gross profit margin for 2025 increased to 38% from the 34% achieved in 2024.
2025 also saw the successful introduction of a fully integrated computer system, an investment which had also been commenced in 2023.
The Company continues to invest in new plant and equipment and has a strong programme of Research and Development to enhance and add new products to its product range.
The Company’s financial position remains stable and, at the date of this report and does not have any HP or bank debt.
Future trading
The UK housebuilding industry in 2026 is currently believed to be entering a transitional phase, and will potentially move out of the market downturn which started in the later part of 2023.
The sector remains constrained by affordability issues, high financing costs, regulatory burdens, and subdued private demand and the unease created by the current wars in the Middle East and Ukraine are only adding to that concern.
Due to the unsettled global economy, there is currently pressure in the market from raising raw material and shipment costs which by their nature are adding inflationary pressures to end user prices.
At best, the Company feels that 2026 is characterised as a year of stabilisation rather than expansion, with, hopefully, a stronger market recovery expected from 2027 onwards. The UK Government is still “pushing” its desire to substantially increase the rate of house building during its current term of office.
Hambleside Danelaw Ltd - 2025 Financial summary
The amount of the Company’s loan debt as at the 31st December 2025 was £nil (2024: £1,359).
Its Turnover for the year was £ 15,777,246 (2024: £16,267,987).
The operating profit for the year was £1,086,992 (2024: £532,007).
The 2025 net profit before Dividends and taxation was £1,072,823 (2024: £554,384).
The Provision for liabilities within the Balance Sheet of £1,025,717, primarily covers reserves for deferred taxation, a general product guarantee in respect of the Company’s Dryseal brand, and a dilapidation reserve in respect of its leasehold property.
Hambleside Danelaw Limited: Changes to the Company’s Board of Directors
Ian Weakford stepped down from his position as sales director on the 30th April 2025. The Company is pleased to confirm that from the 1st May 2025 he continued to serve on the Board of Hambleside Danelaw Ltd in the capacity of a non-executive Director.
Neil Brown was appointed sales director of Hambleside Danelaw Ltd on the 1st May 2025.
In July 2026, the Hambleside Danelaw Board will be joined by Antony Thompson. He will be taking on the responsibilities of Managing Director as Chris Avery begins to withdraw.
Chris Avery will step down as an executive director of Hambleside Danelaw Limited on the 31st March 2027, but will continue to serve on the Board in a non-executive role.
Grinterley Limited: Shareholder and Board of Director changes
The 2024 Strategic Report recorded that David Yellop, a founder of the Grinterley Ltd and Hambleside Danelaw who had served as a director of both of these Company from their had stepped down from their respective Board in August 2024.
However, we must now record that David sadly passed away in September 2025, having devoted the majority of his working life to developing the Hambleside organisation.
On the 2nd September 2025 David, shortly before his death on the 5th September 2025, transferred his shareholdings in Grinterley (comprising of 16,839 Fixed Ordinary shares and 16,839 Growth Ordinary shares) to his wife, Marion.
On the 2nd September 2025 Frances Pritchard transferred her shareholding in Grinterley Ltd (comprising of 2,914 Fixed Ordinary shares and 2,914 Growth Ordinary shares) to her husband, David Pritchard.
The 2024 strategic Report had referred to the death of Guy Pritchard. Guy’s shareholding (comprising of 9,594 Fixed Ordinary and 9,594 Growth Ordinary shares) were transferred on the 6th March 2026 to his Partner, Yvonne Berridge, under instructions received from the appointed Administrator of Guy’s Estate.
All of the Share Transfers were duly approved by the Shareholders of Grinterley who also agreed to waive their pre-emptive rights.
In addition to the approval of the Share Transfers, the Shareholders also ratified their own individual shareholding (detailed in the Table on Page 32 of these accounts).
Whilst Chris Avery has given his notice of resignation from his position as Managing Director of Hambleside Danelaw Ltd on the 31st March 2027, he will be remaining as an executive director on the Board of Grinterley Limited.
Grinterley Limited
Strategic Report for the Year Ended 31 December 2025
Principal risks and uncertainties
Whilst the Group is in a good financial position, it cannot be immune from the current UK market conditions or global events.
The directors will endeavour to do all that they can be reasonably expected to do to protect the Group’s trading position and to continue to develop the business in the interest of the shareholders, employees and stakeholders whilst seeking to minimise those areas of potential risk that may arise.
Approved by the
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Grinterley Limited
Directors' Report for the Year Ended 31 December 2025
The directors present their report and the for the year ended 31 December 2025.
Directors of the group
The directors who held office during the year were as follows:
Financial instruments
Objectives and policies
The directors have reviewed the financial risk management objectives and policies of the company. They do not believe there to be significant risks in this area. The company does not enter into any hedging instruments as there are not believed to be any material exposures. It does not enter into any financial instruments for speculative purposes.
Price risk, credit risk, liquidity risk and cash flow risk
Appropriate trade terms are negotiated with suppliers and customers. Management reviews these terms, the relationships with suppliers and customers and manages any exposure on normal trade terms. The company prepares regular forecasts of cash flow and liquidity with which the directors assess the ongoing cash commitments of the company as part of a strict cash flow management programme.
Research and development
The directors continue to support the companies research and development activities.
Disclosure of information to the auditor
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
Approved by the
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Grinterley Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 and in accordance with FRS 102 The Financial Reporting Standard. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Grinterley Limited
Independent Auditor's Report to the Members of Grinterley Limited
Opinion
We have audited the financial statements of Grinterley Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025, which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Changes in Equity, Statement of Changes in Equity, Consolidated Statement of Cash Flows, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the group's and the parent company's affairs as at 31 December 2025 and of the group's profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Grinterley Limited
Independent Auditor's Report to the Members of Grinterley Limited
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the parent company financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page 6, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the group’s and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material mistatements in respect of iregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:
Our approach to identifying and assessing the risks of material mistatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
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We identified the laws and regulations applicable to the company through discussions with management and those charged with governance, and from our commercial knowledge and experience of the company's sector and activities. |
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We focused on the specific laws and regulations which we considered may have a direct material effect on the financial statements, including Companies Act 2006, FRS102, employment law and data protection. |
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We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and consideration of breaches throughout our testing. |
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Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. |
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur by:
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Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected, and alleged fraud; and |
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Considering the internal controls in place to mitigate the risks of fraud and non-compliance with laws and regulations. |
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
Grinterley Limited
Independent Auditor's Report to the Members of Grinterley Limited
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agreeing financial statement disclosures to underlying supporting documentation. |
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enquiring of management as to actual and potential litigation or claims. |
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from the financial statements, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
Cawley Priory
South Pallant
West Sussex
PO19 1SY
Grinterley Limited
Consolidated Profit and Loss Account for the Year Ended 31 December 2025
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Note |
2025 |
2024 |
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Turnover |
|
|
|
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Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
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|
Operating profit |
|
|
|
|
Other interest receivable and similar income |
|
|
|
|
Interest payable and similar expenses |
( |
( |
|
|
(14,169) |
22,377 |
||
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Profit before tax |
|
|
|
|
Tax on profit |
( |
|
|
|
Profit for the financial year |
|
|
|
|
Profit/(loss) attributable to: |
|||
|
Owners of the company |
|
|
The group has no recognised gains or losses for the year other than the results above.
Grinterley Limited
Consolidated Statement of Comprehensive Income for the Year Ended 31 December 2025
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2025 |
2024 |
|
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Profit for the year |
|
|
|
Total comprehensive income for the year |
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|
|
Total comprehensive income attributable to: |
||
|
Owners of the company |
|
|
Grinterley Limited
(Registration number: 01680736)
Consolidated Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
|
|
Fixed assets |
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Intangible assets |
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Tangible assets |
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|
|
|
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||
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Current assets |
|||
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Stocks |
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Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
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Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
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Called up share capital |
|
|
|
|
Other reserves |
|
|
|
|
Profit and loss account |
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Equity attributable to owners of the company |
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Total equity |
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Approved and authorised by the
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Grinterley Limited
(Registration number: 01680736)
Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
|
|
Investments |
|
|
|
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Current assets |
|||
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Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
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Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
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Called up share capital |
197,164 |
197,164 |
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Revaluation reserve |
127,617 |
127,617 |
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Retained earnings |
13,699 |
78,568 |
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Shareholders' funds |
338,480 |
403,349 |
The company made a profit after tax for the financial year of £378,750 (2024 - profit of £361,777).
Approved and authorised by the
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Grinterley Limited
Consolidated Statement of Changes in Equity for the Year Ended 31 December 2025
Equity attributable to the parent company
|
Share capital |
Other reserves |
Retained earnings |
Total |
Total equity |
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At 1 January 2025 |
|
|
|
|
|
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Profit for the year |
- |
- |
|
|
|
|
Dividends |
- |
- |
( |
( |
( |
|
At 31 December 2025 |
|
|
|
|
|
|
Share capital |
Other reserves |
Retained earnings |
Total |
Total equity |
|
|
At 1 January 2024 |
|
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
|
Dividends |
- |
- |
( |
( |
( |
|
At 31 December 2024 |
197,164 |
127,617 |
6,535,565 |
6,860,346 |
6,860,346 |
Grinterley Limited
Statement of Changes in Equity for the Year Ended 31 December 2025
|
Share capital |
Revaluation reserve |
Retained earnings |
Total |
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At 1 January 2025 |
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
Dividends |
- |
- |
( |
( |
|
At 31 December 2025 |
|
|
|
|
|
Share capital |
Revaluation reserve |
Retained earnings |
Total |
|
|
At 1 January 2024 |
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
Dividends |
- |
- |
( |
( |
|
At 31 December 2024 |
197,164 |
127,617 |
78,568 |
403,349 |
Grinterley Limited
Consolidated Statement of Cash Flows for the Year Ended 31 December 2025
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Note |
2025 |
(As restated) |
|
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Cash flows from operating activities |
|||
|
Profit for the year |
|
|
|
|
Adjustments to cash flows from non-cash items |
|||
|
Depreciation and amortisation |
|
|
|
|
Finance income |
( |
( |
|
|
Finance costs |
|
|
|
|
Income tax expense |
|
( |
|
|
|
|
||
|
Working capital adjustments |
|||
|
(Increase)/decrease in stocks |
( |
|
|
|
Decrease/(increase) in trade debtors |
|
( |
|
|
Decrease in trade creditors |
( |
( |
|
|
(Decrease)/increase in provisions |
( |
|
|
|
Cash generated from operations |
|
( |
|
|
Income taxes received/(paid) |
|
( |
|
|
Net cash flow from operating activities |
|
( |
|
|
Cash flows from investing activities |
|||
|
Interest received |
|
|
|
|
Acquisitions of tangible assets |
( |
( |
|
|
Acquisition of intangible assets |
( |
( |
|
|
Net cash flows from investing activities |
( |
( |
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
( |
|
|
Payments to finance lease creditors |
( |
( |
|
|
Dividends paid |
( |
( |
|
|
Net cash flows from financing activities |
( |
( |
|
|
Net increase/(decrease) in cash and cash equivalents |
|
( |
|
|
Cash and cash equivalents at 1 January |
|
|
|
|
Cash and cash equivalents at 31 December |
1,708,813 |
710,939 |
|
Grinterley Limited
Statement of Cash Flows for the Year Ended 31 December 2025
|
Note |
2025 |
2024 |
|
|
Cash flows from operating activities |
|||
|
Profit for the year |
|
|
|
|
Adjustments to cash flows from non-cash items |
|||
|
Finance income |
( |
( |
|
|
( |
( |
||
|
Working capital adjustments |
|||
|
(Increase)/decrease in trade debtors |
( |
|
|
|
Increase in trade creditors |
|
|
|
|
Cash generated from operations |
( |
( |
|
|
Income taxes paid |
- |
( |
|
|
Net cash flow from operating activities |
( |
( |
|
|
Cash flows from investing activities |
|||
|
Dividends received |
|
|
|
|
Cash flows from financing activities |
|||
|
Dividends paid |
( |
( |
|
|
Net (decrease)/increase in cash and cash equivalents |
( |
|
|
|
Cash and cash equivalents at 1 January |
|
|
|
|
Cash and cash equivalents at 31 December |
4,612 |
25,132 |
|
Grinterley Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
The principal place of business is:
Long March
Daventry
NN11 4NR
These financial statements were authorised for issue by the
|
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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
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.
Basis of consolidation
The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 December 2025.
A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.
The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.
Grinterley Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.
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 group’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the group.
The group recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the group's activities.
Foreign currency transactions and balances
Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.
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 income 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 group operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.
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.
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 |
at variable rates reducing balance and straight line |
Grinterley Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Fixtures and fittings |
at variable rates reducing balance and straight line |
|
Improvements to leasehold buildings |
2.5% - 25% reducing balance |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the group’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
|
Patents, copyrights, trademarks etc |
Over period of patent or project |
|
Research & development costs |
Over the estimated life of project |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables.
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.
Grinterley Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Provisions
Provisions are recognised when the group has an obligation at the reporting date as a result of a past event, it is probable that the group will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the group’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Grinterley Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Revenue |
The analysis of the group's turnover for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Sale of goods |
|
|
The analysis of the group's turnover for the year by class of business is as follows:
|
2025 |
2024 |
|
|
Roofing & ventilation products |
|
|
The analysis of the group's turnover for the year by market is as follows:
|
2025 |
2024 |
|
|
UK |
|
|
|
Europe |
|
|
|
|
|
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Amortisation expense |
|
|
|
Operating lease expense - plant and machinery |
|
|
|
Interest payable and similar charges |
|
2025 |
2024 |
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
|
|
Foreign exchange gains |
|
|
|
|
|
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
Other employee expense |
|
|
|
|
|
Grinterley Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
The average number of persons employed by the group (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Production |
|
|
|
Administration and support |
|
|
|
|
|
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
404,126 |
386,447 |
During the year the number of directors to whom retirement benefits were accruing was as follows:
|
2025 |
2024 |
|
|
Accruing benefits under money purchase pension scheme |
|
|
In respect of the highest paid director:
|
2025 |
2024 |
|
|
Remuneration |
|
|
Grinterley Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Taxation |
Tax charged/(credited) in the consolidated profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
UK corporation tax adjustment to prior periods |
( |
( |
|
129,728 |
(195,238) |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
( |
|
|
Tax expense/(receipt) in the income statement |
|
( |
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Decrease in UK current tax from adjustment for prior periods |
( |
( |
|
Tax increase/(decrease) from effect of capital allowances and depreciation |
|
( |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Effect of tax losses |
- |
|
|
Decrease from effect of patent box adjustment |
( |
( |
|
Deferred tax (credit)/expense relating to changes in tax rates or laws |
( |
|
|
Tax decrease from effect of adjustment in research and development tax credit |
( |
( |
|
Further item of tax decrease |
( |
( |
|
Total tax charge/(credit) |
|
( |
Grinterley Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Deferred tax
Group
Deferred tax assets and liabilities
|
2025 |
Asset |
Liability |
|
Accelerated capital allowances |
- |
|
|
- |
|
|
2024 |
Asset |
Liability |
|
Accelerated capital allowances |
- |
|
|
- |
|
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of these financial statements |
16,000 |
16,000 |
|
Other fees to auditors |
||
|
All other non-audit services |
|
|
|
Intangible assets |
Group
|
Goodwill |
Trademarks, patents and licenses |
Research and development |
Total |
|
|
Cost or valuation |
||||
|
At 1 January 2025 |
|
|
|
|
|
Additions acquired separately |
- |
- |
|
|
|
At 31 December 2025 |
|
|
|
|
|
Amortisation |
||||
|
At 1 January 2025 |
|
|
|
|
|
Amortisation charge |
- |
- |
|
|
|
At 31 December 2025 |
|
|
|
|
|
Carrying amount |
||||
|
At 31 December 2025 |
- |
- |
|
|
|
At 31 December 2024 |
- |
- |
|
|
Grinterley Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Tangible assets |
Group
|
Land and buildings |
Fixtures & fittings |
Plant & machinery |
Total |
|
|
Cost or valuation |
||||
|
At 1 January 2025 |
|
|
|
|
|
Additions |
- |
|
|
|
|
At 31 December 2025 |
|
|
|
|
|
Depreciation |
||||
|
At 1 January 2025 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
At 31 December 2025 |
|
|
|
|
|
Carrying amount |
||||
|
At 31 December 2025 |
|
|
|
|
|
At 31 December 2024 |
|
|
|
|
Assets held under finance leases and hire purchase contracts
The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:
|
2025 |
2024 |
|
|
Plant & Machinery |
- |
20,596 |
|
Stocks |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Raw materials and consumables |
|
|
- |
- |
|
Work in progress |
|
|
- |
- |
|
Finished goods and goods for resale |
|
|
- |
- |
|
|
|
- |
- |
|
Grinterley Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Debtors |
|
Group |
Company |
||||
|
Current |
Note |
2025 |
2024 |
2025 |
2024 |
|
Trade debtors |
|
|
- |
- |
|
|
Amounts owed by related parties |
|
|
|
- |
|
|
Other debtors |
|
|
|
|
|
|
Prepayments |
|
|
|
|
|
|
Income tax asset |
( |
|
- |
- |
|
|
|
|
|
|
||
|
Creditors |
|
Group |
Company |
||||
|
Note |
2025 |
2024 |
2025 |
2024 |
|
|
Due within one year |
|||||
|
Loans and borrowings |
- |
|
- |
- |
|
|
Trade creditors |
|
|
|
|
|
|
Amounts due to related parties |
|
|
- |
|
|
|
Social security and other taxes |
|
|
|
|
|
|
Outstanding defined contribution pension costs |
|
|
|
|
|
|
Other payables |
|
|
- |
- |
|
|
Accruals |
|
|
|
|
|
|
|
|
|
|
||
Security
HSBC hold a composite company unlimited multilateral guarantee given by Grinterley Limited and Hambleside Danelaw Limited. Security given to HSBC includes a debenture, including fixed charge over all present freehold and leasehold property, first fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future, and first floating charge over all assets and undertaking both present and future dated 27 May 2022. The guarantee covers the bank borrowings and the invoice discounting facility. Hire purchase agreements are secured on the assets to which they relate.
Grinterley Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Provisions for liabilities |
Group
|
Dryseal guarantee reserve |
Deferred tax |
Daventry rent & dilapidations provision |
Total |
|
|
At 1 January 2025 |
|
|
|
|
|
Increase (decrease) in existing provisions |
- |
( |
( |
( |
|
At 31 December 2025 |
|
|
|
|
|
|
||||
Dryseal guarantee reserve:
The company has a legal responsibility for claims which arise from the guarantees issued by it in relation to the Dryseal Roofing System, including agreeing that the beneficiaries of such guarantees should be entitled to enforce them directly against the company.
Based on the companies historic claim experience the contingent liability is not considered material. The costs of any claims is charged directly to the companies profit and loss account. In addition the company has a guarantee claim reserve within the balance sheet of £10,000.
Daventry rent and dilapidations provision:
A provision of £98,666 is included within these financial statements in respect of the potential liability for dilapidations relating to the building occupied by the Company at Daventry at the end of its lease in 2031. An additional provision of £90,000 has been
included for backdated rent as a result of the rent review carried out by the council at April 2025. It was agreed that the backdated rent would be paid over 2 years finishing in April 2027. This rent provision covers the remainder of the payments due to April 2027.
|
Pension and other schemes |
Defined contribution pension scheme
The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £
Contributions totalling £
Grinterley Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Loans, borrowings & security |
Bank borrowings are secured by way of floating charge over group assets, finance leases are secured by the related assets.
Current loans and borrowings
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Finance lease liabilities |
- |
|
- |
- |
Bank borrowings and the invoice discount facility are secured by way of floating charge over group assets, finance leases are secured by the related assets.
|
Obligations under leases and hire purchase contracts |
Group
Finance leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
- |
|
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
Grinterley Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Dividends |
Final dividends paid
|
2025 |
2024 |
|||
|
Final dividend of £ |
|
|
||
Interim dividends paid
|
2025 |
2024 |
|||
|
Interim dividends of £ |
|
|
||
|
Cash and cash equivalents |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Cash on hand |
|
|
- |
- |
|
Cash at bank |
|
|
|
|
|
Other cash and cash equivalents |
|
|
- |
- |
|
|
|
|
|
|
|
Investments |
Company
|
2025 |
2024 |
|
|
Investments in subsidiaries |
|
|
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 January 2025 |
|
|
Provision |
|
|
Carrying amount |
|
|
At 31 December 2025 |
|
|
At 31 December 2024 |
|
Grinterley Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
|||
|
Subsidiary undertakings |
||||
|
|
England & Wales |
Ordinary |
|
|
|
Subsidiary undertakings |
|
Hambleside Danelaw Limited The principal activity of Hambleside Danelaw Limited is |
|
Related party transactions |
Group
Related party - Bellamy Dry & Associates Limited
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
98,582.00 |
|
98,582.00 |
|
|
|
98,582.00 |
|
98,582.00 |
|
|
|
|
|
|
Grinterley Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Fixed ordinary shares £0.50 |
Growth ordinary shares £0.50 |
|
|
Current shareholders |
||
|
Alidan Investments Ltd |
9,915 |
9,915 |
|
Bellamy Dry and Associates Ltd |
3,351 |
3,351 |
|
Carolyn Jeffery |
6,178 |
6,178 |
|
Chris Avery |
17,356 |
17,356 |
|
David Pritchard |
9,594 |
9,594 |
|
Giles Pritchard |
9,594 |
9,594 |
|
Yvonne Berridge |
9,594 |
9,594 |
|
Hambleside Holdings Ltd |
9,915 |
9,915 |
|
Margaret Jeffery |
4,929 |
4,929 |
|
Marion Yellop |
30,645 |
30,645 |
|
Mary Harris |
9,594 |
9,594 |
|
C Niekirk |
4,256 |
4,256 |
|
N Gamble |
41,414 |
41,414 |
|
Nicholas Yellop |
13,806 |
13,806 |
|
Robin Jeffery |
10,845 |
10,845 |
|
Ruth Jeffery |
6,178 |
6,178 |
|
197,164 |
197,164 |
|