REGISTERED NUMBER: |
Financial Statements for the Year Ended 31st January 2024 |
for |
Gramdon Services Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: | A J Gallagher |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Gramdon Services Limited (Registered number: 02737801) |
Balance Sheet |
31st January 2024 |
31.1.24 | 31.1.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
NET BOOK VALUE |
At 31st January 2024 |
At 31st January 2023 |
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 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.1.23 |
£ | £ |
CorporationTax |
Other Creditors |
Tenants' Deposit | 115,130 | 102,891 |
Directors' current accounts | 655 | 655 |
Accrued expenses |
7. | PROVISIONS FOR LIABILITIES |
31.1.24 | 31.1.23 |
£ | £ |
Deferred tax | 645,838 | 645,838 |
Deferred |
tax |
£ |
Balance at 1st February 2023 |
Balance at 31st January 2024 |
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 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
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. |