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REGISTERED NUMBER: 02737801 (England and Wales)















Financial Statements for the Year Ended 31st January 2024

for

Gramdon Services Limited

Gramdon Services Limited (Registered number: 02737801)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gramdon Services Limited

Company Information
for the Year Ended 31st January 2024







DIRECTORS: J P Gallagher
A J Gallagher
K A Victory





SECRETARY: A J Gallagher





REGISTERED OFFICE: C/o S. Syedain & Co.
First Floor
87 Kenton Road
Harrow
Middlesex
HA3 0AH





REGISTERED NUMBER: 02737801 (England and Wales)






Gramdon Services Limited (Registered number: 02737801)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 5,735,000 5,735,000

CURRENT ASSETS
Debtors 5 3,730,214 4,129,259
Cash at bank 989,826 417,586
4,720,040 4,546,845
CREDITORS
Amounts falling due within one year 6 210,154 242,815
NET CURRENT ASSETS 4,509,886 4,304,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,244,886

10,039,030

PROVISIONS FOR LIABILITIES 7 645,838 645,838
NET ASSETS 9,599,048 9,393,192

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9,599,046 9,393,190
SHAREHOLDERS' FUNDS 9,599,048 9,393,192

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

Gramdon Services Limited (Registered number: 02737801)

Balance Sheet - continued
31st January 2024


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 25th October 2024 and were signed on its behalf by:





A J Gallagher - Director


Gramdon Services Limited (Registered number: 02737801)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Gramdon Services 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 shown in profit and loss accounts represents rental income which is recognised as receivable rents for the year.

Investment property
Investment properties are freeholds/leasehold properties held to earn rental income and for capital appreciation. Investment properties are stated in the balance sheet at open market value. Changes in market value are recognised as revaluation gains/losses and go to the profit and loss.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023
and 31st January 2024 5,735,000
NET BOOK VALUE
At 31st January 2024 5,735,000
At 31st January 2023 5,735,000

Investment properties have been valued by the directors which is at their market values.

Gramdon Services Limited (Registered number: 02737801)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.1.24 31.1.23
£    £   
Rent Receivable 351,680 511,938
Horsley Estate Ltd 2,155,454 2,319,383
Vadsala Ltd 1,223,080 1,274,322
Prepayments - 23,616
3,730,214 4,129,259

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.1.24 31.1.23
£    £   
CorporationTax 65,111 99,053
Other Creditors 22,384 31,000
Tenants' Deposit 115,130 102,891
Directors' current accounts 655 655
Accrued expenses 6,874 9,216
210,154 242,815

7. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 645,838 645,838

Deferred
tax
£   
Balance at 1st February 2023 645,838
Balance at 31st January 2024 645,838

Gramdon Services Limited (Registered number: 02737801)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

8. TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 31st January 2024 and 31st January 2023:

31.1.24 31.1.23
£    £   
J P Gallagher
Balance outstanding at start of year (398 ) (398 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (398 ) (398 )

A J Gallagher
Balance outstanding at start of year (258 ) (258 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (258 ) (258 )

9. RELATED PARTY DISCLOSURES

The following transactions were with related parties:



Vadsala Ltd
Horsley Estate
Ltd
£ £
Balance as at 01/02/2023 1,274,322 2,319,383
Paid / (Received) (100,000 ) (250,000 )
Interest 48,758 86,071
Balance as at 31/01/2024 1,223,080 2,155,454

Vadsala
Interest charged during the year was £48,758 (2023: £76,241) which has been calculated based on the interest rate of 4% which has been fixed for 5 years.

Horsley Estate Ltd
Interest charged during the year was £86,071 (2023: £133,884) which has been calculated based on the interest rate of 4% which has been fixed for 5 years.