Grange Marketing (UK) Ltd
Grange Marketing (UK) Ltd
Registered number: 04110261
Unaudited Financial Statements
For The Year Ended 31 December 2018
E. H. Taylors
203 London Road
Hadleigh
Benfleet
Essex
SS7 2RD
Grange Marketing (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2018
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
Grange Marketing (UK) Ltd
Balance Sheet
As at
31 December 2018
Balance Sheet
Registered number:
04110261
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 6 |
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| CURRENT ASSETS | |||||
| Stocks | 7 |
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| Debtors | 8 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 9 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 10 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 11 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 12 |
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| Other reserves |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 223,338 | 201,220 | |||
Page 1
Grange Marketing (UK) Ltd
Balance Sheet (continued)
As at
31 December 2018
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 6 form part of these financial statements.
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Grange Marketing (UK) Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Motor Vehicles |
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1.4.
Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
1.5.
Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
1.6.
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
Deferred tax is provided on fair value adjustments to the investment property through the profit and loss account.
1.7.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
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Grange Marketing (UK) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
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| Office and administration |
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6.
Tangible Assets
| Investment Property | Plant & Machinery | Motor Vehicles | Total | |
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| Cost | ||||
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| Disposals |
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| Depreciation | ||||
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| Provided during the period | - |
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| Disposals |
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| Net Book Value | ||||
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The investment property was revalued by the director on 31 December 2016. The director is not aware of any material change in value since the date of the valuation.
The historical cost of the investment property was £395,302.
7.
Stocks
| 2018 | 2017 | ||
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| £ | £ | ||
| Stock - finished goods |
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Grange Marketing (UK) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
8.
Debtors
| 2018 | 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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9.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| Trade creditors |
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| Bank loans and overdrafts |
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| Corporation tax |
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| Other taxes and social security |
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| VAT |
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| Mrs. M.A. Rogers Loan |
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| YLH short term loan |
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| Accruals and deferred income |
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| Sundry creditors |
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| Director's loan account |
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| Amounts owed to group undertakings |
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10.
Creditors: Amounts Falling Due After More Than One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Bank loans |
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The bank borrowings are secured by a debenture held by the the bank over Grange Marketing (UK) Limited, and by a freehold 1st legal charge held by the bank over Unit 5 Honywood Business Park, Honywood Road, Basildon, Essex, and by a guarantee for £563,000 by Revpie Limited.
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Grange Marketing (UK) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
11.
Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances (£1,872) plus re the fair value adjustment (£9,500), less on the accumulated losses carried forward (£(1,457)).
| 2018 | 2017 | ||
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| £ | £ | ||
| Deferred tax |
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13.
Reserves
Profit and loss reserve
This shows the retained distributable profits of the company.
Other reserves
This contains the fair value adjustment to the company's freehold property net of deferred tax.
14.
Related Party Transactions
Revpie Limited (75% shareholder of Grange Marketing (UK) Ltd)
The amount due to Revpie Limited at the year end was £131,426 (31 December 2017: £147,206).
15.
Ultimate Controlling Party
The company's ultimate controlling party is Mark Rogers by virtue of him owning 51% of Revpie Ltd which in turn owns 75% of Grange Marketing (UK) Ltd.
16.
General Information
Grange Marketing (UK) Ltd Registered number 04110261 is a limited by shares company incorporated in England & Wales. The Registered Office is 203 London Road, Hadleigh, Benfleet, Essex SS7 2RD.
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