Grandstands Worldwide Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05770931 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

GRANDSTANDS WORLDWIDE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

5,714

7,693

CURRENT ASSETS

Debtors

5

4,954

5,522

Cash at bank

20,360

219,697

25,314

225,219

CREDITORS

Amounts falling due within one year

6

324,151

522,251

NET CURRENT LIABILITIES

(298,837

)

(297,032

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(293,123

)

(289,339

)

CREDITORS

Amounts falling due after more than one year

7

353,430

353,430

NET LIABILITIES

(646,553

)

(642,769

)

CAPITAL AND RESERVES

Called up share capital

1,150

1,150

Share premium

398,850

398,850

Retained earnings

(1,046,553

)

(1,042,769

)

SHAREHOLDERS' FUNDS

(646,553

)

(642,769

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

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 28 April 2023 and were signed by:

Mr D A H Howell - Director

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.

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 (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 May 2021

and 30 April 2022

595,601

11,964

19,915

627,480

Depreciation

At 1 May 2021

595,601

11,297

12,889

619,787

Charge for year

-

223

1,756

1,979

At 30 April 2022

595,601

11,520

14,645

621,766

Net book value

At 30 April 2022

-

444

5,270

5,714

At 30 April 2021

-

667

7,026

7,693

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

4,954

5,522

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other creditors

324,151

522,251

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other creditors

353,430

353,430

8.	CONTROLLING PARTY

The controlling party is Mr D A H Howell.