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REGISTERED NUMBER: 06249394 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

Charles Gray (Property Holdings) Limited

Charles Gray (Property Holdings) Limited (Registered number: 06249394)






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




Page

Company Information 1 to 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


Charles Gray (Property Holdings) Limited

COMPANY INFORMATION
for the year ended 31 March 2024







Directors: Mr M Gray
Mr P Gray





Secretary: Mr P Gray





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





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





Registered number: 06249394 (England and Wales)






Charles Gray (Property Holdings) Limited

COMPANY INFORMATION
for the year ended 31 March 2024







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

Charles Gray (Property Holdings) Limited (Registered number: 06249394)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investments 4 100 100

Current assets
Debtors 5 48,939 303,681
Cash at bank 5,212 29,552
54,151 333,233
Creditors
Amounts falling due within one year 6 7,851 212,350
Net current assets 46,300 120,883
Total assets less current liabilities 46,400 120,983

Capital and reserves
Called up share capital 7 100 100
Retained earnings 46,300 120,883
Shareholders' funds 46,400 120,983

Charles Gray (Property Holdings) Limited (Registered number: 06249394)

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:





Mr M Gray - Director


Charles Gray (Property Holdings) Limited (Registered number: 06249394)

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

1. STATUTORY INFORMATION

Charles Gray (Property Holdings) Limited is a private company, limited by shared, 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Charles Gray (Property Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents management charges receivable from subsidiaries and rents receivable.

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

Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 (Property Holdings) Limited (Registered number: 06249394)

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.

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.

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.

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 (Property Holdings) Limited (Registered number: 06249394)

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

4. FIXED ASSET INVESTMENTS
Share in
group
companies
£   
Cost
At 1 April 2023
and 31 March 2024 100
Net book value
At 31 March 2024 100
At 31 March 2023 100

The company owns 100% of the share capital of Charles Gray Ltd, which did not trade throughout the year.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 48,939 303,681

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 100 100
Taxation and social security 639 295
Other creditors 7,112 211,955
7,851 212,350

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

Charles Gray (Property Holdings) Limited (Registered number: 06249394)

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

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the following amounts to related parties:

M Gray Director & shareholder £971
P Gray Director & shareholder £4,122
The accounts include loan interest of £1,000 payable to M Gray in respect of his loan to the company. This was paid shortly after the year end.

Income of £5,000 was received from Breckland Development Limited in respect of management charges

At the balance sheet date, the company was owed the following amounts by related parties:

Breckland Development Ltd M Gray, P Gray & H Gray are £48,939
the directors & shareholders