Grandreach Limited - Accounts to registrar (filleted) - small 18.1
Grandreach Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 October 2017 |
| for |
| Grandreach Limited |
| Grandreach Limited (Registered number: 03264595) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Grandreach Limited |
| Company Information |
| for the Year Ended 31 October 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 5 Technology Park |
| Colindeep Lane |
| Colindale |
| London |
| NW9 6BX |
| Grandreach Limited (Registered number: 03264595) |
| Statement of Financial Position |
| 31 October 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Grandreach Limited (Registered number: 03264595) |
| Statement of Financial Position - continued |
| 31 October 2017 |
| 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 on |
| Grandreach Limited (Registered number: 03264595) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2017 |
| 1. | STATUTORY INFORMATION |
| Grandreach Limited is a |
| 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 |
| Tangible fixed assets |
| Plant and machinery | - |
| Stocks |
| Stock of properties for resale is stated at the lower of cost and net realisable value. Cost includes all costs incurred in |
| bringing each product to its present condition and location. Net realisable value is based on the estimated selling price less |
| any further costs expected to be incurred to completion and disposal. |
| Financial instruments |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. |
| Creditors |
| Short term creditors are measured at transaction price. |
| Cash and cash equivalents |
| Cash and cash equivalents are represented by cash at bank. |
| 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. |
| Grandreach Limited (Registered number: 03264595) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Other income |
| Other income represents rents receivable, excluding value added tax. Rental income is recognised on a calendar basis. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| £ |
| COST |
| At 1 November 2016 |
| and 31 October 2017 |
| DEPRECIATION |
| At 1 November 2016 |
| Charge for year |
| At 31 October 2017 |
| NET BOOK VALUE |
| At 31 October 2017 |
| At 31 October 2016 |
| 5. | STOCKS |
| 2017 | 2016 |
| £ | £ |
| Stocks |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to a related company | 608,332 | 602,832 |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 4,720 | - |
| Accrued expenses |
| Grandreach Limited (Registered number: 03264595) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2017 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans between one to two years |
| Bank loans between two to five years |
| Bank loans more than five years |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more than five years | 178,757 | 201,167 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| The bank loan is secured by fixed and floating charges dated 31 May 2006 over the rental income and property held by the |
| company. |
| 10. | RELATED PARTY DISCLOSURES |
| Amounts owed to a related company, relates to an entity in which the director has a material interest. This amount is interest |
| free and repayable on demand. |
| 11. | FIRST YEAR ADOPTION |
| These are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 |
| September 2015 and no material transitional adjustments were required in equity or the Income statement for the period |
| under review. |