1 November 2022 false No description of principal activity Taxfiler 2023.10 09032171business:PrivateLimitedCompanyLtd2022-11-012023-10-31 090321712022-10-31 090321712022-11-012023-10-31 09032171business:AuditExemptWithAccountantsReport2022-11-012023-10-31 09032171business:AbridgedAccounts2022-11-012023-10-31 090321712023-10-31 09032171business:Director12022-11-012023-10-31 09032171business:Director22022-11-012023-10-31 09032171business:Director32022-11-012023-10-31 09032171business:RegisteredOffice2022-11-012023-10-31 090321712022-10-31 09032171core:WithinOneYear2023-10-31 09032171core:WithinOneYear2022-10-31 09032171core:AfterOneYear2023-10-31 09032171core:AfterOneYear2022-10-31 09032171core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 09032171core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 09032171core:PreviouslyStatedAmount2023-10-31 09032171core:PreviouslyStatedAmount2022-10-31 09032171business:SmallEntities2022-11-012023-10-31 09032171countries:EnglandWales2022-11-012023-10-31 090321712021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 09032171 (England and Wales)
Graysons Properties Limited Unaudited accounts for the year ended 31 October 2023
Graysons Properties Limited Unaudited accounts Contents
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Graysons Properties Limited Company Information for the year ended 31 October 2023
Directors
Akash Ghai Mellanie Holland Chander Kant Sehgal
Company Number
09032171 (England and Wales)
Registered Office
WEST ONE ASAMA COURT NEWCASTLE BUSINESS PARK NEWCASTLE UPON TYNE NE4 7YD UNITED KINGDOM
Accountants
Best Accounting Services Limited 16 Countess Way Shiremoor Newcastle upon Tyne Tyne and Wear NE27 0FN
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Graysons Properties Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
167,049 
174,817 
Current assets
Debtors
311,937 
222,944 
Cash at bank and in hand
(21,716)
24,239 
290,221 
247,183 
Creditors: amounts falling due within one year
(432,320)
(86,877)
Net current (liabilities)/assets
(142,099)
160,306 
Total assets less current liabilities
24,950 
335,123 
Creditors: amounts falling due after more than one year
(70,833)
(532,585)
Net liabilities
(45,883)
(197,462)
Capital and reserves
Profit and loss account
(45,883)
(197,462)
Shareholders' funds
(45,883)
(197,462)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by
Akash Ghai Director Company Registration No. 09032171
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Graysons Properties Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Graysons Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09032171. The registered office is WEST ONE ASAMA COURT, NEWCASTLE BUSINESS PARK, NEWCASTLE UPON TYNE, NE4 7YD, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2022
214,364 
Additions
12,948 
At 31 October 2023
227,312 
Depreciation
At 1 November 2022
39,547 
Charge for the year
20,716 
At 31 October 2023
60,263 
Net book value
At 31 October 2023
167,049 
At 31 October 2022
174,817 
5
Average number of employees
During the year the average number of employees was 11 (2022: 11).
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