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REGISTERED NUMBER: 11825975 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Grahams Housing Ltd

Grahams Housing Ltd (Registered number: 11825975)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Grahams Housing Ltd (Registered number: 11825975)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,466 6,131
Investment property 5 477,224 228,114
481,690 234,245

CURRENT ASSETS
Debtors 6 13,961 10,766
Cash at bank 1,496 1,753
15,457 12,519
CREDITORS
Amounts falling due within one year 7 397,805 200,116
NET CURRENT LIABILITIES (382,348 ) (187,597 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,342

46,648

CREDITORS
Amounts falling due after more than one year 8 (242,486 ) (106,259 )

PROVISIONS FOR LIABILITIES (5,616 ) (4,304 )
NET LIABILITIES (148,760 ) (63,915 )

CAPITAL AND RESERVES
Called up, allotted and fully paid share capital 100 100
Fair value reserve 23,942 18,347
Retained earnings (172,802 ) (82,362 )
(148,760 ) (63,915 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 November 2023 and were signed on its behalf by:




Mr A Graham - Director


Grahams Housing Ltd (Registered number: 11825975)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Grahams Housing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11825975

Registered office: C/o Milner Smeaton
Viking House
Falcon Court
Stockton On Tees
TS18 3TS

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

3. EMPLOYEES AND DIRECTORS

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

Grahams Housing Ltd (Registered number: 11825975)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 8,794
DEPRECIATION
At 1 March 2022 2,663
Charge for year 1,665
At 28 February 2023 4,328
NET BOOK VALUE
At 28 February 2023 4,466
At 28 February 2022 6,131

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 228,114
Additions 242,203
Revaluations 6,907
At 28 February 2023 477,224
NET BOOK VALUE
At 28 February 2023 477,224
At 28 February 2022 228,114

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2021 22,651
Valuation in 2023 6,907
Cost 447,666
477,224

Freehold investment properties were valued on an open market basis on 28 February 2023.

These valuations were carried out by the director who, whilst not a qualified surveyor, does have many years experience in the property sector. These valuations are further supported by valuations recently carried out by finance providers for mortgage purposes.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 13,961 10,766

Grahams Housing Ltd (Registered number: 11825975)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 2,720 3,140
Other creditors 395,085 196,976
397,805 200,116

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 242,486 106,259

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 222,207 97,396

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 245,206 109,399

The debts are secured with a fixed and floating charge over the assets of the company.