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Registered number: 03009119

GRAMAR DEVELOPMENTS LIMITED

ACCOUNTS
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
C F Smith
D S Smith
J G Smith
SECRETARY
C F Smith
REGISTERED OFFICE
The Gables, Kings Copse Road
Blackfield
Southampton
Hampshire
SO45 1XF
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 Sheet3
Notes To The Accounts4
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 31/01/2023
20232022
Notes££
FIXED ASSETS
Tangible assets21,550,2001,550,200
CURRENT ASSETS
Debtors411,88515,447
Cash at bank and in hand43,31240,702
55,19756,149
CREDITORS: Amounts falling due within one year5552,303550,768
NET CURRENT LIABILITIES(497,106)(494,619)
TOTAL ASSETS LESS CURRENT LIABILITIES1,053,0941,055,581
PROVISIONS FOR LIABILITIES AND CHARGES799,41599,415
NET ASSETS953,679956,166
CAPITAL AND RESERVES
Called up share capital8100100
Revaluation reserve1e,9664,729664,729
Profit and loss account288,850291,337
SHAREHOLDERS' FUNDS953,679956,166
For the year ending 31/01/2023 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/10/2023 and signed on their behalf by
.............................
J G Smith
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
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
MachineryTotal
££
Cost
At 01/02/20225,1795,179
At 31/01/20235,1795,179
Depreciation
At 01/02/20224,9794,979
At 31/01/20234,9794,979
Net Book Amounts
At 31/01/2023200200
At 31/01/2022200200
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/02/20221,550,0001,550,000
At 31/01/20231,550,0001,550,000
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 20232022
££
Amounts falling due within one year
Trade debtors10,82514,947
UK corporation tax560-
Other debtors500500
11,88515,447

GRAMAR DEVELOPMENTS LIMITED

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax-3,689
Directors current account398,630392,510
Directors loan account143,365143,365
Trade creditors7,3307,035
Other creditors2,0283,284
Accruals950885
552,303550,768
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
20232022
No.No.
Average number of employees33
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation99,41599,415
99,41599,415
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
100100

GRAMAR DEVELOPMENTS LIMITED

9. REVALUATION RESERVE 20232022
££
Revaluation reserve664,729664,729
664,729664,729
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
Mr C F Smith and Mrs D Smith between them hold a controlling interest in the company. A loan from C F Smith and D Smith of £143,365, secured on the properties, remains outstanding with interest payable at 2% above bank base rate, but interest has been waived this year. Interest of £0 has accrued in the year ended 31st January 2023 (2022 - £0). There are further amounts of £398,630 (2022 - £392,510) owed to the directors on which no interest is charged. All amounts are repayable on demand.