Grangewood Enterprises Limited - Accounts to registrar (filleted) - small 18.2

Grangewood Enterprises Limited - Accounts to registrar (filleted) - small 18.2

GRANGEWOOD ENTERPRISES LIMITED - Company Information

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REGISTERED NUMBER: 03998741 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

GRANGEWOOD ENTERPRISES LIMITED
GRANGEWOOD ENTERPRISES LIMITED (REGISTERED NUMBER: 03998741)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GRANGEWOOD ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2018







DIRECTOR: A Marsden





SECRETARY: Mrs L Marsden





REGISTERED OFFICE: 74 Wimpole Street
London
W1G 9RR





REGISTERED NUMBER: 03998741 (England and Wales)
Page 1
GRANGEWOOD ENTERPRISES LIMITED (REGISTERED NUMBER: 03998741)

BALANCE SHEET
30 SEPTEMBER 2018

30.9.18 30.9.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 167,206 176,342
Investments 5 50 50
167,256 176,392

CURRENT ASSETS
Stocks 2,976 1,600
Debtors 6 6,781,371 6,675,876
Cash at bank 39,014 24,531
6,823,361 6,702,007
CREDITORS
Amounts falling due within one year 7 2,944,634 2,594,432
NET CURRENT ASSETS 3,878,727 4,107,575
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,045,983
4,283,967

CAPITAL AND RESERVES
Called up share capital 1,005 1,005
Share premium 3,741,991 3,741,991
Retained earnings 302,987 540,971
SHAREHOLDERS' FUNDS 4,045,983 4,283,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 June 2019 and were signed by:



A Marsden - Director


The notes form part of these financial statements

Page 2
GRANGEWOOD ENTERPRISES LIMITED (REGISTERED NUMBER: 03998741)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018

1. STATUTORY INFORMATION

Grangewood Enterprises Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006
to prepare group accounts. These financial statements therefore present information about the company as an
individual undertaking and not about its group.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the
year, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery etc - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Page 3 continued...
GRANGEWOOD ENTERPRISES LIMITED (REGISTERED NUMBER: 03998741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

2. ACCOUNTING POLICIES - continued

Investments
Investments held as fixed assets are shown at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2017
and 30 September 2018 205,517 111,510 317,027
DEPRECIATION
At 1 October 2017 50,290 90,395 140,685
Charge for year 4,613 4,523 9,136
At 30 September 2018 54,903 94,918 149,821
NET BOOK VALUE
At 30 September 2018 150,614 16,592 167,206
At 30 September 2017 155,227 21,115 176,342

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2017
and 30 September 2018 50
NET BOOK VALUE
At 30 September 2018 50
At 30 September 2017 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Trade debtors 5,976 15,396
Amounts owed by group undertakings 1,095,043 1,050,517
Amounts owed by participating interests 1,068,254 1,316,156
Other debtors 4,612,098 4,293,807
6,781,371 6,675,876

Page 4 continued...
GRANGEWOOD ENTERPRISES LIMITED (REGISTERED NUMBER: 03998741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Trade creditors 568 655
Taxation and social security 1,470 -
Other creditors 2,942,596 2,593,777
2,944,634 2,594,432

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in debtors falling due within one year is a balance of £3,626,947 (2017:£3,476,406) owed by the
director of the company.

9. RELATED PARTY DISCLOSURES

The company has been involved in transactions with the following companies which are subject to common
control through the directorship of Mr A Marsden:

Included in other loans within other creditors falling due within one year is a loan from Hartshead Square
Developments Limited of £2,495,747 (2017:£2,589,202,). Interest of £59,944 was charged on the loan. During
the year under review the company has charged management fees and other expenses totalling £33,712.
(2017:£41,938) to Hartshead Square Developments Limited.

Included in creditors falling due within one year is a balance of £442,172 (2017:£242,198) owed to Knight
Financial Consultants Limited.

Also included in other debtors falling due within one year is an amount of £64,924 (2017:£64,924:) owed by
SFGE Properties Limited.

The above loans are interest free and are repayable on demand.

Greenwood House Limited is a company owned by Mr A Marsden. Included in debtors falling due within one
year is an amount of £1,068,254 (2017:£1,316,516) owed by Greenwood House Limited. Interest of £56,603
(2017:£53,715) has been charged on the loan.

10. TRANSACTIONS WITH GROUP COMPANIES

During the year under review the company entered into the following transactions with the group companies. The
amounts due to (due by) the companies are as follows:

Included in other debtors is an amount of £5,055 (2017:£4,682) owed by Tonella Limited which has a 10%
shareholding in the company.

Junction 33 Development (Holdings) Ltd is a subsidiary of Grangewood Enterprises Ltd. Included in debtors
falling due within one year is an amount of £1,095,043 (2017:£1,005,417) owed by Junction 33 Development
(Holdings) Ltd.

The loans are interest free and are repayable on demand.

Page 5