REGISTERED NUMBER: |
GRAYSON FAMILY LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
22ND FEBRUARY 2023 TO 31ST MARCH 2024 |
REGISTERED NUMBER: |
GRAYSON FAMILY LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
22ND FEBRUARY 2023 TO 31ST MARCH 2024 |
GRAYSON FAMILY LIMITED (REGISTERED NUMBER: 14680710) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 22ND FEBRUARY 2023 TO 31ST MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
GRAYSON FAMILY LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 22ND FEBRUARY 2023 TO 31ST MARCH 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
80 West View |
Barlby Road |
Selby |
North Yorkshire |
YO8 5BD |
GRAYSON FAMILY LIMITED (REGISTERED NUMBER: 14680710) |
BALANCE SHEET |
31ST MARCH 2024 |
Notes | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 8 | ( |
) |
Retained earnings |
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. |
GRAYSON FAMILY LIMITED (REGISTERED NUMBER: 14680710) |
BALANCE SHEET - continued |
31ST MARCH 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
GRAYSON FAMILY LIMITED (REGISTERED NUMBER: 14680710) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 22ND FEBRUARY 2023 TO 31ST MARCH 2024 |
1. | STATUTORY INFORMATION |
Grayson Family Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents receivable, excluding value added tax. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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 period 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. |
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 period 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 period was NIL. |
GRAYSON FAMILY LIMITED (REGISTERED NUMBER: 14680710) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 22ND FEBRUARY 2023 TO 31ST MARCH 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
Disposals | ( |
) |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
Revaluations | (682,329 | ) |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
Fair value at 31st March 2024 is represented by: |
£ |
Valuation in 2024 | (682,328 | ) |
Cost | 2,813,676 |
2,131,348 |
If the properties had not been revalued they would have been included at the following historical cost: |
£ |
Cost | 2,813,676 |
Investment properties were valued on an open market basis on 31st March 2024 by Mr J Grayson, director of the company . |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Prepayments |
GRAYSON FAMILY LIMITED (REGISTERED NUMBER: 14680710) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 22ND FEBRUARY 2023 TO 31ST MARCH 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Tax |
Other creditors |
Directors' current accounts | 310,516 |
Accrued expenses |
8. | RESERVES |
Revaluation |
reserve |
£ |
Surplus/deficit on revaluation | (682,329 | ) |
At 31st March 2024 | ( |
) |
9. | RELATED PARTY DISCLOSURES |
During the year the directors and shareholders of Grayson Family Limited were also the directors and shareholders of Distribution Cable Jointing Limited and Distribution Cable Jointing Group Limited. |
On the 5th April 2023 the company acquired the entire share capital of Distribution Cable Jointing Ltd in exchange for this the shareholders of Distribution Cable Jointing Ltd acquired shares in Grayson Family Limited. |
On the 5th April 2023 the company issued 7,985,454 'A' Ordinary bonus shares of £1 each to the shareholders. |
Following this, the company demerged its subsidiary company, Distribution Cable Jointing Ltd, by way of a capital reduction demerger to which the shareholders of the company agreed to cancel 7,985,454 'A' Ordinary shares in consideration for which the company transferred its shareholding in Distribution Cable Jointing Ltd to Distribution Cable Jointing Group Limited in consideration for which, Distribution Cable Jointing Group Limited issued shares to the shareholders in proportion to the shares in the company which were cancelled. |