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Gralex Investments Limited

Registration number : 09637509



















Annual Report and Unaudited Financial Statements

for the year ended 30 June 2023

 

Gralex Investments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Gralex Investments Limited

Company Information

Director

Mr Steven Frederick Murray

Registered office

Maghull Business Centre
1 Liverpool Road North
Maghull
Merseyside
L31 2HB

Accountants

McParland Williams Ltd
13 Liverpool Road North
Maghull
Merseyside
L31 2HB

 

Gralex Investments Limited

(Registration number: 09637509)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

5

1

1

Current assets

 

Cash at bank and in hand

 

27,373

5,305

Creditors: Amounts falling due within one year

7

(15,534)

(9,718)

Net current assets/(liabilities)

 

11,839

(4,413)

Net assets/(liabilities)

 

11,840

(4,412)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

11,839

(4,413)

Total equity

 

11,840

(4,412)

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 March 2024
 

.........................................
Mr Steven Frederick Murray
Director

   
     
 

Gralex Investments Limited

Notes to the Unaudited Financial Statements for the year ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maghull Business Centre
1 Liverpool Road North
Maghull
Merseyside
L31 2HB

These financial statements were authorised for issue by the director on 14 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Gralex Investments Limited

Notes to the Unaudited Financial Statements for the year ended 30 June 2023

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Taxation

Tax charged/(credited) in the income statement

 

Gralex Investments Limited

Notes to the Unaudited Financial Statements for the year ended 30 June 2023

2023
 £

2022
 £

Current taxation

UK corporation tax

1,041

-

5

Investments

2023
£

2022
£

Investments in associates

1

1

Associates

£

Cost

At 1 July 2022

1

Provision

Carrying amount

At 30 June 2023

1

At 30 June 2022

1

6

Debtors

2023
£

2022
£

-

-

 

Gralex Investments Limited

Notes to the Unaudited Financial Statements for the year ended 30 June 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

1,041

-

Accruals and deferred income

1,500

1,500

Other creditors

12,993

8,218

15,534

9,718

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

9

Related party transactions

Summary of transactions with entities with joint control or significant interest


Ardent Credit Services Limited is under the same control as Gralex Investments Limited.

 
Gralex Investments Limited makes interest free loans to Ardent Credit Services Limited.

 

Summary of transactions with associates


Gralex Investments Limited receives dividend income from DMM Investments Limited.

 

Income and receivables from related parties

2023

Associates
£

Amounts receivable from related party

2,554

2022

Associates
£

Amounts receivable from related party

3,164

 

Gralex Investments Limited

Notes to the Unaudited Financial Statements for the year ended 30 June 2023

Loans to related parties

2022

Entities with joint control or significant influence
£

Total
£

At start of period

52,135

52,135

Repaid

(52,135)

(52,135)

At end of period

-

-