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REGISTERED NUMBER: 11269322 (England and Wales)











Financial Statements

for the Year Ended 31 March 2023

for

GRADE A PROPERTIES LIMITED

GRADE A PROPERTIES LIMITED (REGISTERED NUMBER: 11269322)






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


GRADE A PROPERTIES LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr S J Wardle





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 11269322 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

GRADE A PROPERTIES LIMITED (REGISTERED NUMBER: 11269322)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,526 9,408

CURRENT ASSETS
Debtors 5 6,957 28,363
Cash at bank 71 156
7,028 28,519
CREDITORS
Amounts falling due within one year 6 37,209 55,610
NET CURRENT LIABILITIES (30,181 ) (27,091 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,655

)

(17,683

)

CREDITORS
Amounts falling due after more than one year 7 29,815 35,370
NET LIABILITIES (52,470 ) (53,053 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (52,570 ) (53,153 )
SHAREHOLDERS' FUNDS (52,470 ) (53,053 )

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 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.

GRADE A PROPERTIES LIMITED (REGISTERED NUMBER: 11269322)

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 director and authorised for issue on 4 February 2024 and were signed by:





Mr S J Wardle - Director


GRADE A PROPERTIES LIMITED (REGISTERED NUMBER: 11269322)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Grade A 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.

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.

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.
Motor vehicles - 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

GRADE A PROPERTIES LIMITED (REGISTERED NUMBER: 11269322)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 12,600
DEPRECIATION
At 1 April 2022 3,192
Charge for year 1,882
At 31 March 2023 5,074
NET BOOK VALUE
At 31 March 2023 7,526
At 31 March 2022 9,408

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 6,957 6,957
Directors' current accounts - 21,406
6,957 28,363

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Trade creditors 1 -
Tax - 640
Other creditors - 43,050
Directors' current accounts 23,368 -
Accruals and deferred income 3,840 1,920
37,209 55,610

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 8) 29,815 35,370

8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

GRADE A PROPERTIES LIMITED (REGISTERED NUMBER: 11269322)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. LOANS - continued
31.3.23 31.3.22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 19,815 25,370

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
75 A Ordinary £1 75 75
25 B Ordinary £1 25 25
100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.23 31.3.22
£    £   
Mr S J Wardle
Balance outstanding at start of year 21,406 19,439
Amounts advanced 23,078 21,231
Amounts repaid (44,484 ) (19,264 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 21,406

11. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £23,369 (2022: £21,406 debit) due and payable to the director. The amount is interest free and repayable on demand.