Grandeur Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05159714 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

GRANDEUR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Relph

S Graham

N C McGall

P E O'Neill

SECRETARY:

Goodwood Services Limited

REGISTERED OFFICE:

NJHCo

Suite 1, The Sanctuary

23 Oak Hill Grove

Surbiton

Surrey

KT6 6DU

REGISTERED NUMBER:

05159714 (England and Wales)

FIXED ASSETS

Investments

3

583,955

544,101

CURRENT ASSETS

Debtors

4

721,451

811,901

Cash at bank

37

35

721,488

811,936

CREDITORS

Amounts falling due within one year

5

563

563

NET CURRENT ASSETS

720,925

811,373

TOTAL ASSETS LESS CURRENT LIABILITIES

1,304,880

1,355,474

CREDITORS

Amounts falling due after more than one year

6

2,634,723

2,513,459

NET LIABILITIES

(1,329,843

)

(1,157,985

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(1,329,844

)

(1,157,986

)

SHAREHOLDERS' FUNDS

(1,329,843

)

(1,157,985

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 25 September 2018 and were signed on its behalf by:

P E O'Neill - Director

1.	STATUTORY INFORMATION

Grandeur 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments

Investments are valued at cost less provision for permanent diminution of value.

3.	FIXED ASSET INVESTMENTS

2017

2016

£

£

Shares in group undertakings

513,701

490,730

Other investments not loans

70,254

53,371

583,955

544,101

Additional information is as follows:

Shares in

group

undertakings

£

COST OR VALUATION

At 1 January 2017

490,730

Revaluations

22,971

At 31 December 2017

513,701

NET BOOK VALUE

At 31 December 2017

513,701

At 31 December 2016

490,730

Cost or valuation at 31 December 2017 is represented by:

Shares in

group

undertakings

£

Valuation in 2015

(419,104

)

Valuation in 2016

72,557

Valuation in 2017

22,971

Cost

837,277

513,701

Fixed asset investments have been carried at initial cost, however during the year the directors thought it to be

appropriate to have these investments valued. Such valuation was deemed appropriate in order to show

investments at fair value with gains and losses recognised in the profit and loss account in accordance with

Section 1A of FRS102.

Investments (neither listed nor unlisted) were as follows:

2017

2016

£

£

Capital contribution

70,254

53,371

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Amounts owed by other related parties

721,451

811,901

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other creditors

563

563

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Amounts owed to group undertakings

2,632,176

2,510,912

Amounts owed to other related parties

2,547

2,547

2,634,723

2,513,459

7.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Bowerbird Holdings Limited, a company registered in the British Virgin

Islands and wholly owned by the Creation Trust.

The Ultimate Controlling Party is Liberation Management Limited as trustee of the Creation Trust, a trust based

in Guernsey.

8.	GOING CONCERN

These financial statements have been prepared on the going concern basis because The Creation Trust has given

it's assurance that sufficient funds will be available to enable the company to continue in business for the

foreseeable future.