GRM Stretton Limited - Accounts to registrar (filleted) - small 22.3

GRM Stretton Limited - Accounts to registrar (filleted) - small 22.3

MSLS STRETTON LIMITED - Company Information

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REGISTERED NUMBER: 12420115 (England and Wales)


















GRM STRETTON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






GRM STRETTON LIMITED (REGISTERED NUMBER: 12420115)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GRM STRETTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: M Gambling
S L Gambling





REGISTERED OFFICE: Dunsmore House
2 School Lane
Stretton On Dunsmore
Rugby
Warwickshire
CV23 9NB





REGISTERED NUMBER: 12420115 (England and Wales)





ACCOUNTANTS: Watts Gregory LLP
Chartered Accountants
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS
Page 1
GRM STRETTON LIMITED (REGISTERED NUMBER: 12420115)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £   
FIXED ASSETS
Investments 4 1,181,560 1,165,303

CURRENT ASSETS
Debtors 5 530,325 530,000
Cash at bank and in hand 1,021,999 649,731
1,552,324 1,179,731
CREDITORS
Amounts falling due within one year 6 (1,099 ) (500 )
NET CURRENT ASSETS 1,551,225 1,179,231
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,732,785
2,344,534

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 711,600 711,600
Retained earnings 2,020,985 1,632,734
2,732,785 2,344,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 23 December 2022 and were signed on its behalf by:





M Gambling - Director


The notes form part of these financial statements

Page 2
GRM STRETTON LIMITED (REGISTERED NUMBER: 12420115)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

GRM Stretton 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 company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

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

Current tax
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Non-derivative financial instruments
Basic financial instruments are recognised at amortised cost.

Investments
Investments are included at fair value. Gains are recognised in the profit and loss statement. Deferred tax is provided on these gains at the rate expected to apply when the asset is sold. Listed investments are valued at the current bid price at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Page 3 continued...
GRM STRETTON LIMITED (REGISTERED NUMBER: 12420115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2021 715,265 450,038 1,165,303
Revaluations - 16,257 16,257
At 31 March 2022 715,265 466,295 1,181,560
NET BOOK VALUE
At 31 March 2022 715,265 466,295 1,181,560
At 31 March 2021 715,265 450,038 1,165,303

Cost or valuation at 31 March 2022 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2022 715,265 466,295 1,181,560

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by participating interests 530,325 530,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Accruals and deferred income 1,099 500

Page 4