IRIS Accounts Production v24.1.0.576 11156761 Board of Directors Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false A ordinary 1.00000 B ordinary 1.00000 C Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111567612022-07-31111567612023-07-31111567612022-08-012023-07-31111567612021-07-31111567612021-08-012022-07-31111567612022-07-3111156761ns15:EnglandWales2022-08-012023-07-3111156761ns14:PoundSterling2022-08-012023-07-3111156761ns10:Director12022-08-012023-07-3111156761ns10:Director22022-08-012023-07-3111156761ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3111156761ns10:SmallEntities2022-08-012023-07-3111156761ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3111156761ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3111156761ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3111156761ns10:FullAccounts2022-08-012023-07-3111156761ns10:OrdinaryShareClass12022-08-012023-07-3111156761ns10:OrdinaryShareClass22022-08-012023-07-3111156761ns10:OrdinaryShareClass32022-08-012023-07-3111156761ns10:RegisteredOffice2022-08-012023-07-3111156761ns5:CurrentFinancialInstruments2023-07-3111156761ns5:CurrentFinancialInstruments2022-07-3111156761ns5:Non-currentFinancialInstruments2023-07-3111156761ns5:Non-currentFinancialInstruments2022-07-3111156761ns5:ShareCapital2023-07-3111156761ns5:ShareCapital2022-07-3111156761ns5:RetainedEarningsAccumulatedLosses2023-07-3111156761ns5:RetainedEarningsAccumulatedLosses2022-07-3111156761ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3111156761ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3111156761ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3111156761ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-07-3111156761ns10:OrdinaryShareClass12023-07-3111156761ns10:OrdinaryShareClass22023-07-3111156761ns10:OrdinaryShareClass32023-07-31
REGISTERED NUMBER: 11156761 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Gradpads Limited

Gradpads Limited (Registered number: 11156761)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gradpads Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: S P M Brake
D N Sarson





REGISTERED OFFICE: 91 Cambridge Road
Teddington
TW11 8BZ





REGISTERED NUMBER: 11156761 (England and Wales)





ACCOUNTANTS: Humm Accountancy Services Limited
19 Bowood Road
London
SW11 6PE

Gradpads Limited (Registered number: 11156761)

Balance Sheet
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,510,851 1,301,134

CURRENT ASSETS
Debtors 5 1,000 250
Cash at bank 24,791 21,277
25,791 21,527
CREDITORS
Amounts falling due within one year 6 842,381 701,524
NET CURRENT LIABILITIES (816,590 ) (679,997 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

694,261

621,137

CREDITORS
Amounts falling due after more than
one year

7

(607,092

)

(607,092

)

PROVISIONS FOR LIABILITIES (47,773 ) (12,400 )
NET ASSETS 39,396 1,645

Gradpads Limited (Registered number: 11156761)

Balance Sheet - continued
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 39,296 1,545
SHAREHOLDERS' FUNDS 39,396 1,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 15 April 2024 and were signed on its behalf by:



S P M Brake - Director



D N Sarson - Director


Gradpads Limited (Registered number: 11156761)

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

1. STATUTORY INFORMATION

Gradpads 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.


Gradpads Limited (Registered number: 11156761)

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

2. ACCOUNTING POLICIES - continued
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 4 (2022 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 August 2022 1,301,134
Additions 23,543
Revaluations 186,174
At 31 July 2023 1,510,851
NET BOOK VALUE
At 31 July 2023 1,510,851
At 31 July 2022 1,301,134

At year end, the directors have revalued 2 of the 3 investment properties based on the valuation provided by the lender dated 10 April 2024 which has then been prorated to give an estimated valuation as at 31 July 2023. Their 3rd property, extended during the year, has been valued at market prices based upon the directors’ knowledge of recent transactions. The directors have not asked for an independent valuation.

Gradpads Limited (Registered number: 11156761)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Other debtors 1,000 250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade creditors 919 1,206
Taxation and social security 119 -
Other creditors 841,343 700,318
842,381 701,524

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Bank loans 607,092 607,092

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 607,092 607,092

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/23 31/7/22
value: £    £   
26 A ordinary £1.00 26 26
26 B ordinary £1.00 26 26
48 C Ordinary £1.00 48 48
100 100