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GRANTHAM COMMERCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
1.Accounting policies
N, S. Kambr Limited is a limited liability company incorporated and domiciled in the United Kingdom. The address of its registered office is 4brothers House, Wilsthorpe Road. Long Eaton, Nottingham, NG10 3LE.
The financial statements are prepared in Sterling (£), which is the functional currency of the
company. The financial statements are for the 17 month period ended 31 October 2025 (2024: 12 month period ended 31 May 2024).
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
At the the time of signing these accounts, the directors have considered the going concern position and consider that this indicates that the company will continue to trade for a period of at least 12 months from the date of signing these accounts, on the basis that amounts due to related parties will only be repaid when funds permit.
On that basis, the directors have prepared these accounts on a going concern basis.
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors and creditors and loans with related parties.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets' carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
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