GR8 Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07580703 (England and Wales)

Financial Statements for the Year Ended 31 March 2021

for

GR8 Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C J Liddell

N A Liddell

Mrs A Liddell

Mrs S M Liddell

SECRETARY:

R T Brighton

REGISTERED OFFICE:

Chatsworth

The Holloway

Droitwich Spa

Worcestershire

WR9 7AJ

REGISTERED NUMBER:

07580703 (England and Wales)

ACCOUNTANTS:

R T Brighton Chartered Accountants

Chatsworth

The Holloway

Droitwich Spa

Worcestershire

WR9 7AJ

FIXED ASSETS

Investments

4

8

8

CURRENT ASSETS

Debtors

5

298,100

240,977

Cash at bank and in hand

51,704

69,424

349,804

310,401

CREDITORS

Amounts falling due within one year

6

223,659

260,481

NET CURRENT ASSETS

126,145

49,920

TOTAL ASSETS LESS CURRENT LIABILITIES

126,153

49,928

CAPITAL AND RESERVES

Called up share capital

100

2

Retained earnings

126,053

49,926

SHAREHOLDERS' FUNDS

126,153

49,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 December 2021 and were signed on its behalf by:

N A Liddell - Director

1.	STATUTORY INFORMATION

GR8 Holdings 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.

Turnover

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2020

and 31 March 2021

8

NET BOOK VALUE

At 31 March 2021

8

At 31 March 2020

8

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

28,000

40,000

Other debtors

270,100

200,977

298,100

240,977

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

58,771

86,075

Taxation and social security

17,865

23,883

Other creditors

147,023

150,523

223,659

260,481

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.