REGISTERED NUMBER: |
REPORT OF THE DIRECTOR AND |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023 |
FOR |
GRAMAN PROPERTY DEVELOPMENTS LIMITED |
REGISTERED NUMBER: |
REPORT OF THE DIRECTOR AND |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023 |
FOR |
GRAMAN PROPERTY DEVELOPMENTS LIMITED |
GRAMAN PROPERTY DEVELOPMENTS LIMITED (Registered number: 01762989) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 JANUARY 2023 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
GRAMAN PROPERTY DEVELOPMENTS LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 JANUARY 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Annexe |
Minerva House |
Bordyke |
Tonbridge |
Kent |
TN9 1NR |
BANKERS: |
GRAMAN PROPERTY DEVELOPMENTS LIMITED (Registered number: 01762989) |
REPORT OF THE DIRECTOR |
for the Year Ended 31 JANUARY 2023 |
The director presents his report with the financial statements of the company for the year ended 31 January 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of Property Developers. |
DIVIDENDS |
No interim dividend was paid during the year. The director recommends a final dividend of £ |
The total distribution of dividends for the year ended 31 January 2023 will be £ |
DIRECTOR |
ON BEHALF OF THE BOARD: |
GRAMAN PROPERTY DEVELOPMENTS LIMITED (Registered number: 01762989) |
INCOME STATEMENT |
for the Year Ended 31 JANUARY 2023 |
31.1.23 | 31.1.22 |
Notes | £ | £ |
TURNOVER |
Administrative expenses |
(11,940 | ) | (13,114 | ) |
Other operating income |
OPERATING PROFIT and |
PROFIT BEFORE TAXATION |
Tax on profit | 4 |
PROFIT FOR THE FINANCIAL YEAR |
GRAMAN PROPERTY DEVELOPMENTS LIMITED (Registered number: 01762989) |
BALANCE SHEET |
31 JANUARY 2023 |
31.1.23 | 31.1.22 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | 11 | ( |
) |
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. |
The financial statements were approved by the director and authorised for issue on |
GRAMAN PROPERTY DEVELOPMENTS LIMITED (Registered number: 01762989) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 JANUARY 2023 |
1. | STATUTORY INFORMATION |
GRAMAN PROPERTY DEVELOPMENTS LIMITED is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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. |
3. | EMPLOYEES AND DIRECTORS |
31.1.23 | 31.1.22 |
£ | £ |
Wages and salaries |
The average number of employees during the year was as follows: |
31.1.23 | 31.1.22 |
Administration |
31.1.23 | 31.1.22 |
£ | £ |
Director's remuneration |
GRAMAN PROPERTY DEVELOPMENTS LIMITED (Registered number: 01762989) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 JANUARY 2023 |
4. | TAXATION |
Analysis of the tax charge |
The tax charge on the profit for the year was as follows: |
31.1.23 | 31.1.22 |
£ | £ |
Current tax: |
UK corporation tax |
Adjustment in respect of previous year | 11 | (21 | ) |
Tax on profit |
UK corporation tax was charged at 19%) in 2022. |
5. | DIVIDENDS |
31.1.23 | 31.1.22 |
£ | £ |
Ordinary shares of £1 each |
Final |
6. | STOCKS |
31.1.23 | 31.1.22 |
£ | £ |
Work-in-progress |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.23 | 31.1.22 |
£ | £ |
Prepayments |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.23 | 31.1.22 |
£ | £ |
Corporation Tax |
Accrued Expenses |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.23 | 31.1.22 |
£ | £ |
Directors Loan Accounts | 90,669 | 88,869 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.23 | 31.1.22 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
GRAMAN PROPERTY DEVELOPMENTS LIMITED (Registered number: 01762989) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 JANUARY 2023 |
11. | RESERVES |
Retained |
earnings |
£ |
At 1 February 2022 |
Profit for the year |
Dividends | ( |
) |
At 31 January 2023 | ( |
) |