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REGISTERED NUMBER: 08089676 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 May 2022

for

Christian Grant Properties Limited

Christian Grant Properties Limited (Registered number: 08089676)






Contents of the Financial Statements
for the Year Ended 31 May 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Christian Grant Properties Limited

Company Information
for the Year Ended 31 May 2022







DIRECTORS: K G Draper
Mrs M O Draper





SECRETARY: Mrs M O Draper





REGISTERED OFFICE: Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST





REGISTERED NUMBER: 08089676 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Christian Grant Properties Limited (Registered number: 08089676)

Statement of Financial Position
31 May 2022

31.5.22 31.5.21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 78,539 24,663

CURRENT ASSETS
Inventories 5 - 154,537
Debtors 6 1,658,453 827,634
Cash at bank 35,862 536,467
1,694,315 1,518,638
CREDITORS
Amounts falling due within one year 7 409,228 321,051
NET CURRENT ASSETS 1,285,087 1,197,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,363,626

1,222,250

CREDITORS
Amounts falling due after more than one
year

8

(88,678

)

-

PROVISIONS FOR LIABILITIES (14,922 ) (4,686 )
NET ASSETS 1,260,026 1,217,564

Christian Grant Properties Limited (Registered number: 08089676)

Statement of Financial Position - continued
31 May 2022

31.5.22 31.5.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,259,926 1,217,464
SHAREHOLDERS' FUNDS 1,260,026 1,217,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





K G Draper - Director


Christian Grant Properties Limited (Registered number: 08089676)

Notes to the Financial Statements
for the Year Ended 31 May 2022

1. STATUTORY INFORMATION

Christian Grant Properties 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.

Turnover
Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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 inventories 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 statement of financial position date.


Christian Grant Properties Limited (Registered number: 08089676)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 6 ) .

Christian Grant Properties Limited (Registered number: 08089676)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2021 3,346 48,718 15,019 67,083
Additions - 80,719 - 80,719
At 31 May 2022 3,346 129,437 15,019 147,802
DEPRECIATION
At 1 June 2021 1,653 30,042 10,725 42,420
Charge for year 564 24,848 1,431 26,843
At 31 May 2022 2,217 54,890 12,156 69,263
NET BOOK VALUE
At 31 May 2022 1,129 74,547 2,863 78,539
At 31 May 2021 1,693 18,676 4,294 24,663

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2021 31,663
Additions 80,719
At 31 May 2022 112,382
DEPRECIATION
At 1 June 2021 18,305
Charge for year 23,519
At 31 May 2022 41,824
NET BOOK VALUE
At 31 May 2022 70,558
At 31 May 2021 13,358

Christian Grant Properties Limited (Registered number: 08089676)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

5. INVENTORIES
31.5.22 31.5.21
£    £   
Work-in-progress - 154,537

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Amounts owed by associates 1,632,694 782,666
Other debtors - 7,241
Other debtor - Chris Burnett 5,600 -
VAT 20,159 37,727
1,658,453 827,634

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Other loans 1,055 6,438
Bounce back loan-less than 1 y ear 9,629 50,000
Hire purchase contracts 22,393 15,740
Tax 18,873 -
Tax on interest 15,111 11,355
Wages control (2,280 ) -
Social security and other taxes 16,332 10,063
Reservations - 2,500
Other creditors 15,026 56
Pension (3,444 ) -
Directors' current accounts 314,134 222,499
Accrued expenses 2,399 2,400
409,228 321,051

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.22 31.5.21
£    £   
Bounce back loan - 2-5 years 30,373 -
Hire purchase contracts 58,305 -
88,678 -

Christian Grant Properties Limited (Registered number: 08089676)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.22 31.5.21
value: £    £   
2 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 June 2021 1,217,464
Profit for the year 42,462
At 31 May 2022 1,259,926

Christian Grant Properties Limited (Registered number: 08089676)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

11. RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with the directors:

2022 2021

Dividends 0 200,000

Capital withdrawn - 141,301

Capital introduced 92,685 -

Interest paid 19,468 12,088

At the balance sheet date the amount due to the directors was £314,134 (2021 - £221,449).




Float 8
A company controlled by K Draper.

At the year end, Float 8 owed the company £335,087 (2021 - £221,332).

Urban Rigger Limited
A company controlled by K Draper.

At the year end, Urban Rigger Limited owed the company £491,905 (2021 - £492,319).

Christian Grant Cheswick Square Limited
A company controlled by K Draper.

At the year end, Christian Grant Cheswick Square Limited owed the company £795,086 (2021 - £69,015).