Registered number: 03009119 | ||||||||
FOR THE YEAR ENDED 31/01/2023 | ||||||||
Prepared By: | ||||||||
Lynham & Co | ||||||||
Chartered Accountants | ||||||||
9 Hampton Lane | ||||||||
Blackfield | ||||||||
Southampton | ||||||||
Hampshire | ||||||||
SO45 1ZA |
GRAMAR DEVELOPMENTS LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/01/2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
C F Smith | ||||||||
REGISTERED OFFICE | ||||||||
Hampshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 03009119 | ||||||||
ACCOUNTANTS | ||||||||
Lynham & Co | ||||||||
Chartered Accountants | ||||||||
9 Hampton Lane | ||||||||
Blackfield | ||||||||
Southampton | ||||||||
Hampshire | ||||||||
SO45 1ZA |
GRAMAR DEVELOPMENTS LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/01/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
GRAMAR DEVELOPMENTS LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
55,197 | 56,149 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (494,619) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Revaluation reserve | 1e,9 | 664,729 | 664,729 | |||||||
Profit and loss account | 288,850 | 291,337 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
C F Smith | ||||||||||
Director | ||||||||||
GRAMAR DEVELOPMENTS LIMITED | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/01/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
1c. Investment Properties | ||||||||
Land and buildings are classifed as investment property when the property is held to earn rentals or for capital appreciation or both. Investment property is initially measured at cost, which comprises purchase price and any directly attributable expenditure, and subsequently remeasured to fair value at each reporting date with changes in fair value recognised in profit or loss. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
GRAMAR DEVELOPMENTS LIMITED | ||||||||
2. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery | Total | |||
£ | £ | |||
Cost | ||||
At 01/02/2022 | 5,179 | 5,179 | ||
At 31/01/2023 | 5,179 | 5,179 | ||
Depreciation | ||||
At 01/02/2022 | 4,979 | 4,979 | ||
At 31/01/2023 | 4,979 | 4,979 | ||
Net Book Amounts | ||||
At 31/01/2023 | 200 | |||
At 31/01/2022 | 200 | |||
3. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 01/02/2022 | 1,550,000 | 1,550,000 | ||||||
At 31/01/2023 | 1,550,000 | 1,550,000 | ||||||
Investment properties are stated at their fair value as estimated by the Directors C F Smith and J G Smith. The historical cost of these investment properties is £885,271 (2022 - £885,271) . | ||||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 10,825 | 14,947 | ||||||
UK corporation tax | 560 | - | ||||||
Other debtors | 500 | 500 | ||||||
11,885 | 15,447 | |||||||
GRAMAR DEVELOPMENTS LIMITED | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | - | 3,689 | ||||||
Directors current account | 398,630 | 392,510 | ||||||
Directors loan account | 143,365 | 143,365 | ||||||
Trade creditors | 7,330 | 7,035 | ||||||
Other creditors | 2,028 | 3,284 | ||||||
Accruals | 950 | 885 | ||||||
552,303 | 550,768 | |||||||
Included in creditors due within one year is a mortgage loan secured on the properties of £143,365. the loan is repayable upon demand (2022 - £143,365). | ||||||||
6. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 3 | |||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 99,415 | 99,415 | ||||||
99,415 | 99,415 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
GRAMAR DEVELOPMENTS LIMITED | ||||||||
9. REVALUATION RESERVE | 2023 | 2022 | ||||||
£ | £ | |||||||
Revaluation reserve | 664,729 | 664,729 | ||||||
664,729 | 664,729 | |||||||
A surplus has arisen on the revaluation of the investment properties over their historical cost of £885,271 (2022 - £885,271) and the revaluation surplus has been set aside as a seperate reserve. | ||||||||
10. CONTROLLING PARTY | ||||||||
The company was under the control of C F Smith & J G Smith, directors and major shareholders, throughout the whole of the current, and previous, period. | ||||||||
11. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||