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REGISTERED NUMBER: 02567407 (England and Wales)















GRAHAMS ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023






GRAHAMS ESTATES LIMITED (REGISTERED NUMBER: 02567407)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


GRAHAMS ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







Directors: M P Graham
A M Graham
P J Graham





Secretary: A M Graham





Registered office: Workspace 110
Prospect House
Factory House
Sandycroft
Flintshire
CH5 2QJ





Registered number: 02567407 (England and Wales)





Accountants: John Davies and Co
St Andrews House
Yale Business Village
Ellice Way
Wrexham
Wrexham CB
LL13 7YL

GRAHAMS ESTATES LIMITED (REGISTERED NUMBER: 02567407)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 100,157 66,271
Investment property 5 5,153,865 4,255,000
5,254,022 4,321,271

Current assets
Debtors 6 103,001 192,818
Cash at bank and in hand 63,904 656,163
166,905 848,981
Creditors
Amounts falling due within one year 7 346,069 364,625
Net current (liabilities)/assets (179,164 ) 484,356
Total assets less current liabilities 5,074,858 4,805,627

Creditors
Amounts falling due after more than one
year

8

(460,000

)

(460,000

)

Provisions for liabilities (20,572 ) (11,308 )
Net assets 4,594,286 4,334,319

Capital and reserves
Called up share capital 2 2
Fair value reserve 9 913,485 913,485
Retained earnings 3,680,799 3,420,832
Shareholders' funds 4,594,286 4,334,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

GRAHAMS ESTATES LIMITED (REGISTERED NUMBER: 02567407)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 27 October 2023 and were signed on its behalf by:





A M Graham - Director


GRAHAMS ESTATES LIMITED (REGISTERED NUMBER: 02567407)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. Statutory information

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

GRAHAMS ESTATES LIMITED (REGISTERED NUMBER: 02567407)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Fixtures
& fittings
£   
Cost
At 1 April 2022 182,275
Additions 49,492
At 31 March 2023 231,767
Depreciation
At 1 April 2022 116,004
Charge for year 15,606
At 31 March 2023 131,610
Net book value
At 31 March 2023 100,157
At 31 March 2022 66,271

GRAHAMS ESTATES LIMITED (REGISTERED NUMBER: 02567407)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. Investment property
Total
£   
Fair value
At 1 April 2022 4,255,000
Additions 898,865
At 31 March 2023 5,153,865
Net book value
At 31 March 2023 5,153,865
At 31 March 2022 4,255,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2018 4,045,000
Valuation in 2019 85,000
Valuation in 2021 125,000
Valuation in 2022 898,865
5,153,865

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 18,915 83,621
Other debtors 84,086 109,197
103,001 192,818

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 21,151 263
Taxation and social security 74,265 54,261
Other creditors 250,653 310,101
346,069 364,625

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 460,000 460,000

GRAHAMS ESTATES LIMITED (REGISTERED NUMBER: 02567407)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. Reserves
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 913,485

10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
A M Graham
Balance outstanding at start of year - -
Amounts advanced 30,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,000 -

A Graham owes the company £30,000 at the year end made up of three advances of £10,000.. The loan has interest charged at 2% and is repayable on demand.

11. Related party disclosures

Included within 'Other creditors' in note 8 - Creditors:amounts due within one year is £192,086 (2022 - £257,086) due to the J D Graham Deceased Trust in respect of loans advanced to the company. The Trust owns all of the share capital of Grahams Estates Limited.

Included within 'Other creditors' in note 9 - Creditors amounts due after one year is £460,000 (2022 - £460,000) in respect of distributions due to the J D Graham Deceased Trust.