IRIS Accounts Production v24.2.0.383 11094195 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110941952023-03-31110941952024-03-31110941952023-04-012024-03-31110941952022-03-31110941952022-04-012023-03-31110941952023-03-3111094195ns15:EnglandWales2023-04-012024-03-3111094195ns14:PoundSterling2023-04-012024-03-3111094195ns10:Director12023-04-012024-03-3111094195ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111094195ns10:SmallEntities2023-04-012024-03-3111094195ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111094195ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111094195ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111094195ns10:FullAccounts2023-04-012024-03-3111094195ns10:OrdinaryShareClass12023-04-012024-03-3111094195ns10:Director22023-04-012024-03-3111094195ns10:Director32023-04-012024-03-3111094195ns10:Director42023-04-012024-03-3111094195ns10:Director52023-04-012024-03-3111094195ns10:Director62023-04-012024-03-3111094195ns10:Director72023-04-012024-03-3111094195ns10:RegisteredOffice2023-04-012024-03-3111094195ns5:CurrentFinancialInstruments2024-03-3111094195ns5:CurrentFinancialInstruments2023-03-3111094195ns5:ShareCapital2024-03-3111094195ns5:ShareCapital2023-03-3111094195ns5:RetainedEarningsAccumulatedLosses2024-03-3111094195ns5:RetainedEarningsAccumulatedLosses2023-03-3111094195ns5:PlantMachinery2023-03-3111094195ns5:PlantMachinery2023-04-012024-03-3111094195ns5:PlantMachinery2024-03-3111094195ns5:PlantMachinery2023-03-3111094195ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3111094195ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111094195ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 11094195 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

Charles Gray Yelverton Ltd

Charles Gray Yelverton Ltd (Registered number: 11094195)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Charles Gray Yelverton Ltd

COMPANY INFORMATION
for the year ended 31 March 2024







Directors: M Gray
P Gray
J Ellis
J Law
J Wood
A W Price
Sutcliffe Plumbing And Heating (South West) Ltd





Registered office: Abacus House
129 North Hill
Plymouth
Devon
PL4 8JY





Business address: 2 Firsdown
The Crescent
Crapstone
Yelverton
Devon
PL20 7PS





Registered number: 11094195 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Charles Gray Yelverton Ltd (Registered number: 11094195)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - 746

Current assets
Stocks and work in progress - 500,000
Debtors 5 7,988 8,695
Cash at bank 4,451 145,354
12,439 654,049
Creditors
Amounts falling due within one year 6 9,687 229,085
Net current assets 2,752 424,964
Total assets less current liabilities 2,752 425,710

Capital and reserves
Called up share capital 7 1,000 1,000
Retained earnings 1,752 424,710
Shareholders' funds 2,752 425,710

Charles Gray Yelverton Ltd (Registered number: 11094195)

BALANCE SHEET - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





P Gray - Director


Charles Gray Yelverton Ltd (Registered number: 11094195)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Charles Gray Yelverton Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, business address 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.

Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of goods have transferred to the buyer. Turnover from the rendering of services is recognised by the reference to the stage of completion of the contact. The stage of completion of a contact is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 25% on reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


Charles Gray Yelverton Ltd (Registered number: 11094195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Charles Gray Yelverton Ltd (Registered number: 11094195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Equipment
£   
Cost
At 1 April 2023 1,060
Disposals (1,060 )
At 31 March 2024 -
Depreciation
At 1 April 2023 314
Charge for year 186
Eliminated on disposal (500 )
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 31 March 2023 746

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,000
Amounts owed by group undertakings 3,000 -
Other debtors 4,988 7,695
7,988 8,695

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 2,151
Taxation and social security - 100,556
Other creditors 9,687 126,378
9,687 229,085

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary £0.01 1,000 1,000

Charles Gray Yelverton Ltd (Registered number: 11094195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

8. RELATED PARTY TRANSACTIONS

At the balance sheet date the company owed the following amounts to related parties in respect of loans to the company:


Mike Gray Director £2,344
Paul Gray Director £2,343


At the balance sheet date, the company was owed £3,000 from Breckland Developments Limited. Breckland Developments Limited is the holding company. No interest is charged on outstanding sums and amounts are repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Breckland Development Ltd, a company registered in England and Wales, which in turn, is controlled by Mr P Gray and Mr H Gray.