Grandstands Worldwide Limited - Accounts to registrar (filleted) - small 18.2

Grandstands Worldwide Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 05770931 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

FOR

GRANDSTANDS WORLDWIDE LIMITED

GRANDSTANDS WORLDWIDE LIMITED (REGISTERED NUMBER: 05770931)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2021










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GRANDSTANDS WORLDWIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2021







DIRECTOR: Mr D A H Howell





SECRETARY: Mr D A H Howell





REGISTERED OFFICE: 16 Copse Wood Way
Northwood
Middlesex
HA6 2UE





REGISTERED NUMBER: 05770931 (England and Wales)





ACCOUNTANTS: Acuity Professional Ltd
Business Advisers and Accountants
Fifth Floor
11 Leadenhall Street
London
EC3V 1LP

GRANDSTANDS WORLDWIDE LIMITED (REGISTERED NUMBER: 05770931)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,693 10,257

CURRENT ASSETS
Debtors 5 5,522 45,320
Cash at bank 219,697 36,953
225,219 82,273
CREDITORS
Amounts falling due within one year 6 522,251 341,431
NET CURRENT LIABILITIES (297,032 ) (259,158 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(289,339

)

(248,901

)

CREDITORS
Amounts falling due after more than one year 7 353,430 353,430
NET LIABILITIES (642,769 ) (602,331 )

CAPITAL AND RESERVES
Called up share capital 1,150 1,150
Share premium 398,850 398,850
Retained earnings (1,042,769 ) (1,002,331 )
SHAREHOLDERS' FUNDS (642,769 ) (602,331 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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.

GRANDSTANDS WORLDWIDE LIMITED (REGISTERED NUMBER: 05770931)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2021


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 director and authorised for issue on 30 June 2022 and were signed by:





Mr D A H Howell - Director


GRANDSTANDS WORLDWIDE LIMITED (REGISTERED NUMBER: 05770931)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2021


1. STATUTORY INFORMATION

Grandstands Worldwide 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

GRANDSTANDS WORLDWIDE LIMITED (REGISTERED NUMBER: 05770931)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2021


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 May 2020
and 30 April 2021 595,601 11,964 19,915 627,480
Depreciation
At 1 May 2020 595,601 11,074 10,548 617,223
Charge for year - 223 2,341 2,564
At 30 April 2021 595,601 11,297 12,889 619,787
Net book value
At 30 April 2021 - 667 7,026 7,693
At 30 April 2020 - 890 9,367 10,257

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors - 39,157
Other debtors 5,522 6,163
5,522 45,320

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors - 12,983
Taxation and social security - 2,065
Other creditors 522,251 326,383
522,251 341,431

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other creditors 353,430 353,430

GRANDSTANDS WORLDWIDE LIMITED (REGISTERED NUMBER: 05770931)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2021


8. CONTROLLING PARTY

The controlling party is Mr D A H Howell.