Grandeur Limited - Accounts to registrar (filleted) - small 18.2

Grandeur Limited - Accounts to registrar (filleted) - small 18.2

GRANDEUR LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.3.0.228 05159714 Board of Directors 1.1.19 31.12.19 31.12.19 0 0 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure051597142018-12-31051597142019-12-31051597142019-01-012019-12-31051597142017-12-31051597142018-01-012018-12-31051597142018-12-3105159714ns16:EnglandWales2019-01-012019-12-3105159714ns15:PoundSterling2019-01-012019-12-3105159714ns11:Director12019-01-012019-12-3105159714ns11:PrivateLimitedCompanyLtd2019-01-012019-12-3105159714ns11:SmallEntities2019-01-012019-12-3105159714ns11:AuditExempt-NoAccountantsReport2019-01-012019-12-3105159714ns11:SmallCompaniesRegimeForDirectorsReport2019-01-012019-12-3105159714ns11:SmallCompaniesRegimeForAccounts2019-01-012019-12-3105159714ns11:FullAccounts2019-01-012019-12-3105159714ns11:Director22019-01-012019-12-3105159714ns11:Director32019-01-012019-12-3105159714ns11:Director42019-01-012019-12-3105159714ns11:CompanySecretary12019-01-012019-12-3105159714ns11:RegisteredOffice2019-01-012019-12-3105159714ns6:CurrentFinancialInstruments2019-12-3105159714ns6:CurrentFinancialInstruments2018-12-3105159714ns6:Non-currentFinancialInstruments2019-12-3105159714ns6:Non-currentFinancialInstruments2018-12-3105159714ns6:ShareCapital2019-12-3105159714ns6:ShareCapital2018-12-3105159714ns6:RetainedEarningsAccumulatedLosses2019-12-3105159714ns6:RetainedEarningsAccumulatedLosses2018-12-3105159714ns6:CostValuation2018-12-3105159714ns6:RevaluationsIncreaseDecreaseInInvestments2019-12-3105159714ns6:CostValuation2019-12-3105159714ns6:Non-currentFinancialInstruments2019-01-012019-12-310515971412019-01-012019-12-31
REGISTERED NUMBER: 05159714 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2019

for

GRANDEUR LIMITED
GRANDEUR LIMITED (REGISTERED NUMBER: 05159714)

Contents of the Financial Statements
for the Year Ended 31 December 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRANDEUR LIMITED

Company Information
for the Year Ended 31 December 2019







DIRECTORS: A Relph
S Graham
N C McGall
P E O'Neill





SECRETARY: Goodwood Services Limited





REGISTERED OFFICE: NJHCo
Suite 1, The Sanctuary
23 Oak Hill Grove
Surbiton
Surrey
KT6 6DU





REGISTERED NUMBER: 05159714 (England and Wales)





1
GRANDEUR LIMITED (REGISTERED NUMBER: 05159714)

Balance Sheet
31 December 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investments 4 519,284 608,282

CURRENT ASSETS
Debtors 5 812,940 855,610
Cash at bank 36 37
812,976 855,647
CREDITORS
Amounts falling due within one year 6 563 563
NET CURRENT ASSETS 812,413 855,084
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,331,697
1,463,366

CREDITORS
Amounts falling due after more than one
year
7
2,551,782
2,681,966
NET LIABILITIES (1,220,085 ) (1,218,600 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,220,086 ) (1,218,601 )
SHAREHOLDERS' FUNDS (1,220,085 ) (1,218,600 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

2
GRANDEUR LIMITED (REGISTERED NUMBER: 05159714)

Balance Sheet - continued
31 December 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2020 and were signed on its behalf by:





P E O'Neill - Director


The notes form part of these financial statements

3
GRANDEUR LIMITED (REGISTERED NUMBER: 05159714)

Notes to the Financial Statements
for the Year Ended 31 December 2019


1. STATUTORY INFORMATION

Grandeur 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 as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiaries have been carried at initial cost, however during the year the directors thought it to be appropriate to have these investments valued.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments
Fixed asset investments have been carried at initial cost, however during the year the directors thought it to be appropriate to have these investments valued.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4
GRANDEUR LIMITED (REGISTERED NUMBER: 05159714)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019


4. FIXED ASSET INVESTMENTS

2019 2018
£    £   
Shares in group undertakings 431,212 520,210
Other investments not loans 88,072 88,072
519,284 608,282

Additional information is as follows:
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 January 2019 520,210
Revaluations (88,998 )
At 31 December 2019 431,212
NET BOOK VALUE
At 31 December 2019 431,212
At 31 December 2018 520,210

Cost or valuation at 31 December 2019 is represented by:

Shares in
group
undertakings
£   
Valuation in 2015 (419,104 )
Valuation in 2016 72,557
Valuation in 2017 22,971
Valuation in 2018 6,509
Valuation in 2019 (88,998 )
Cost 837,277
431,212

Fixed asset investments have been carried at initial cost, however during the year the directors thought it to be appropriate to have these investments valued. Such valuation was deemed appropriate in order to show investments at fair value with gains and losses recognised in the profit and loss account in accordance with Section 1A of FRS102.

Investments (neither listed nor unlisted) were as follows:
2019 2018
£    £   
Capital contribution 88,072 88,072

5
GRANDEUR LIMITED (REGISTERED NUMBER: 05159714)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019


5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Amounts owed by other related parties 812,940 855,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other creditors 563 563

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Amounts owed to group undertakings 2,549,235 2,679,419
Amounts owed to other related parties 2,547 2,547
2,551,782 2,681,966

These loans are unsecured, interest free and repayable on demand after more than one year.

8. POST BALANCE SHEET EVENTS

The global pandemic of the coronavirus (COVID 19), has seen countries all around the world having to lock-down cities and surrounding communities in order to contain the disease and protect their healthcare systems. Consequently these necessary actions have seen an economic slowdown across all global markets.

The directors recognise that the global pandemic is not over and that the prevailing situation will continue to effect the economy in the immediate term, which may impact upon the valuation of investments held. This situation will continue to be assessed by Directors so that any financial burden or impact can be quickly identified in order to protect the assets of the Company. In medium to long term the outlook is that economies will recover and that the directors will continue to hold the investments on these terms and for the future.

9. ULTIMATE CONTROLLING PARTY

The immediate parent company is Bowerbird Holdings Limited, a company registered in the British Virgin Islands and wholly owned by the Creation Trust.

The Ultimate Controlling Party is Liberation Management Limited as trustee of the Creation Trust, a trust based in Guernsey.

10. GOING CONCERN

The global pandemic of the coronavirus ("COVID-19"), has seen worldwide disruption and an economic slowdown that has impacted upon the markets across all industries. While noting that the ultimate effects may be difficult to quantify at this time, the directors do not underestimate the current situation and have engaged in an on-going cashflow analysis and forecasting, to understand the impact that COVID-19 may have on the Company's operation.

The Board continues to receive the necessary support from the ultimate beneficial owner, to ensure that the Company can continue to settle its liabilities as they fall due and accordingly prepare these financial statements on a going concern basis.

6