Registration number: 01632839

Grayline Limited

(Registration number: 01632839)

Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Current assets
Other financial assets	3	770,899	645,609
Cash at bank and in hand		13,768	1,898
		784,667	647,507
Creditors: Amounts falling due within one year	4	(4,251)	(4,251)
Total assets less current liabilities		780,416	643,256
Provisions for liabilities		(80,200)	(48,877)
Net assets		700,216	594,379
Capital and reserves
Called up share capital		2	2
Retained earnings		700,214	594,377
Shareholders' funds		700,216	594,379

For the financial year ending 31 December 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 2 September 2026 and signed on its behalf by:
 

.........................................

J G Fowler

Director

Grayline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	Accounting policies

Statutory information

Grayline Limited is a private company, limited by shares, domiciled in England and Wales, company number 01632839. The registered office is at Apartment 20, Braemore, 268 Ecclesall Road South, Sheffield, S11 9NU.

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 have been 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 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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Tax

The tax expense for the period comprises 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the 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.

Investments

Investments in shares are included at fair value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

Grayline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

3	Other financial assets

	£
Current financial assets
Valuation
At 1 January 2025	645,609
Revaluation	125,290
At 31 December 2025	770,899