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REGISTERED NUMBER: 11395622 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

PAPA GRAYSTON LIMITED

PAPA GRAYSTON LIMITED (REGISTERED NUMBER: 11395622)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

PAPA GRAYSTON LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Ms E C Grayston





REGISTERED OFFICE: Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE





REGISTERED NUMBER: 11395622 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

PAPA GRAYSTON LIMITED (REGISTERED NUMBER: 11395622)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 407,000 279,240

CURRENT ASSETS
Cash at bank 18 755

CREDITORS
Amounts falling due within one year 5 28,920 18,980
NET CURRENT LIABILITIES (28,902 ) (18,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,098

261,015

CREDITORS
Amounts falling due after more than one
year

6

243,397

255,079
NET ASSETS 134,701 5,936

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 143,121 15,361
Retained earnings 9 (8,520 ) (9,525 )
SHAREHOLDERS' FUNDS 134,701 5,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2024 and were signed by:





Ms E C Grayston - Director


PAPA GRAYSTON LIMITED (REGISTERED NUMBER: 11395622)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Papa Grayston 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on the basis that the enterprise will continue in operational existence for the foreseeable future. This means in particular that the profit and loss account and balance sheet assume no intention nor necessity to liquidate or curtail significantly the scale of operation. Further, the financial statements have been prepared on the basis that continued support will be given by the company's director.

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 Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 279,240
Additions 127,760
At 30 June 2023 407,000
NET BOOK VALUE
At 30 June 2023 407,000
At 30 June 2022 279,240

PAPA GRAYSTON LIMITED (REGISTERED NUMBER: 11395622)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2021 20,637
Valuation in 2022 (5,276 )
Valuation in 2023 127,760
Cost 263,879
407,000

The investment property was valued at open market value by the Directors of the company.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other creditors 28,920 18,980

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 132,474 132,457
Other creditors 110,923 122,622
243,397 255,079

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 132,474 132,457

7. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 132,474 132,457

The companies debts are secured on the properties to which they relate.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary Shares £1 100 100

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2022 (9,525 ) 15,361 5,836
Profit for the year 1,005 1,005
Movement in year - 127,760 127,760
At 30 June 2023 (8,520 ) 143,121 134,601

PAPA GRAYSTON LIMITED (REGISTERED NUMBER: 11395622)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in long term other creditors is an amount of £110,924 (2022: £122,621) relating to the directors loan accounts.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Papa Grayston Limited (Registered number: 11395622)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Papa Grayston Limited for the year ended 30 June 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Papa Grayston Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Papa Grayston Limited and state those matters that we have agreed to state to the director of Papa Grayston Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Papa Grayston Limited and its director for our work or for this report.

It is your duty to ensure that Papa Grayston Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Papa Grayston Limited. You consider that Papa Grayston Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Papa Grayston Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................