Grant Smith Holdings Ltd
Grant Smith Holdings Ltd
Registered number: 10791043
Unaudited Financial Statements
For The Year Ended
31 May 2023
Grant Smith Holdings Ltd
Unaudited Financial Statements
For The Year Ended
31 May 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Page 1
Grant Smith Holdings Ltd
Balance Sheet
As At
31 May 2023
Balance Sheet
Registered number:
10791043
For the year ending 31 May 2023 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.
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.
| 2023 | 2022 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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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 |
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| Capital redemption reserve |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 1,758 | 1,758 | |||
Page 1
Page 2
Grant Smith Holdings Ltd
Balance Sheet (continued)
As At
31 May 2023
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Grant Smith Holdings Ltd
Notes to the Financial Statements
For The Year Ended
31 May 2023
Notes to the Financial Statements
1.
General Information
Grant Smith Holdings Ltd
is a private company, limited by shares, incorporated in England & Wales, the registered number is
10791043
. The registered office is 5 St George's Business Centre St George's Square, Portsmouth, Hampshire, England, PO1 3EY.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. 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.
Current 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
Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.
2.3.
Not trading
The company was dormant throughout the year ended 31 May 2023 and did not trade.
2.4.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
3.
Average Number of Employees
| 2023 | 2022 | ||
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| Average number of employees, including directors, during the year |
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Page 3
Page 4
Grant Smith Holdings Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 May 2023
4.
Investments
| Other | |
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| £ | |
| Cost | |
| As at
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| As at
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| Provision | |
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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
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Amounts owed by group undertakings | 1,558 | 1,613 | |
| Other debtors | 100 | 100 | |
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6.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
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| £ | £ | ||
| Amounts owed to group undertakings |
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| Taxation and social security |
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7.
Related Party Transactions
The total amount owed to a group undertaking is £100 (2022 : £100) as at 31.05.2023
The total amount owed from a group undertaking is £1,558 (2022 : £1,613) as at 31.05.2023
Page 4