Grange Marketing (UK) Ltd
Grange Marketing (UK) Ltd
Registered number: 04110261
Unaudited Financial Statements
For The Year Ended
31 December 2022
E. H. Taylors
203 London Road
Hadleigh
Benfleet
Essex
SS7 2RD
Grange Marketing (UK) Ltd
Unaudited Financial Statements
For The Year Ended
31 December 2022
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
Page 1
Grange Marketing (UK) Ltd
Balance Sheet
As at
31 December 2022
Balance Sheet
Registered number:
04110261
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
2022 | 2021 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Investments | 4 |
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CURRENT ASSETS | |||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
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Other reserves |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 146,824 | 347,224 | |||
Page 1
Page 2
Grange Marketing (UK) Ltd
Balance Sheet (continued)
As at
31 December 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Grange Marketing (UK) Ltd
Notes to the Financial Statements
For The Year Ended
31 December 2022
Notes to the Financial Statements
1.
General Information
Grange Marketing (UK) Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
04110261
. The registered office is 6 Navestock Close, Rayleigh, Essex, SS6 9SA.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3.
Financial Instruments
Basic financial instruments are initially accounted for at their transaction price except for financing transactions (such as certain debt instruments) which are measured at the present value of the future payments discounted using a market rate of interest. Subsequently, basic financial instruments are measured as follows:
Investments in publicly traded non-convertible preference shares, and non-puttable ordinary shares, are measured at fair value with changes in fair value recognised in the profit and loss account and subsequently transfered to other reserves.
2.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2022 | 2021 | ||
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Office and administration |
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Page 3
Page 4
Grange Marketing (UK) Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
4.
Investments
Listed | |
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£ | |
Cost | |
As at
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Additions |
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Disposals |
( |
Revaluations |
( |
As at
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Provision | |
As at
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As at
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Net Book Value | |
As at
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As at
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5.
Debtors
2022 | 2021 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Directors' loan accounts |
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- | |
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6.
Creditors: Amounts Falling Due Within One Year
2022 | 2021 | ||
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£ | £ | ||
Trade creditors |
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Corporation tax |
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Other taxes and social security |
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- | |
VAT | - |
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Accruals and deferred income |
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Directors' loan accounts | - |
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Amounts owed to group undertakings |
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7.
Share Capital
2022 | 2021 | ||
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Allotted, called up and fully paid | £ | £ | |
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401 | 401 | |
Page 4
Page 5
Grange Marketing (UK) Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
8.
Reserves
Profit and loss reserve
This shows the retained distributable profits of the company.
Other reserves
This contains the fair value adjustments to listed investments net of deferred tax.
9.
Related Party Transactions
Grange Marketing (UK) Ltd is a 75% subsidiary of Revpie Ltd. There is an outstanding intercompany debt due by Grange Marketing (UK) Ltd to Revpie Ltd upon which interest is not being charged or paid of £161,690 (31 December 2021: £161,690).
10.
Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is
Revpie Limited
by virtue of its 75% shareholding.
Revpie Limited
was incorporated in the United Kingdom. The controlling party is
Mark Rogers
who controls 58% of the shares of
Grange Marketing (UK) Ltd
.
Page 5