IRIS Accounts Production v24.2.0.383 04435921 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044359212023-03-31044359212024-03-31044359212023-04-012024-03-31044359212022-03-31044359212022-04-012023-03-31044359212023-03-3104435921ns15:EnglandWales2023-04-012024-03-3104435921ns14:PoundSterling2023-04-012024-03-3104435921ns10:Director12023-04-012024-03-3104435921ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104435921ns10:SmallEntities2023-04-012024-03-3104435921ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104435921ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104435921ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104435921ns10:FullAccounts2023-04-012024-03-3104435921ns10:Director22023-04-012024-03-3104435921ns10:CompanySecretary12023-04-012024-03-3104435921ns10:RegisteredOffice2023-04-012024-03-3104435921ns5:CurrentFinancialInstruments2024-03-3104435921ns5:CurrentFinancialInstruments2023-03-3104435921ns5:Non-currentFinancialInstruments2024-03-3104435921ns5:Non-currentFinancialInstruments2023-03-3104435921ns5:ShareCapital2024-03-3104435921ns5:ShareCapital2023-03-3104435921ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3104435921ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3104435921ns5:RetainedEarningsAccumulatedLosses2024-03-3104435921ns5:RetainedEarningsAccumulatedLosses2023-03-3104435921ns5:PlantMachinery2023-04-012024-03-3104435921ns5:FurnitureFittings2023-04-012024-03-3104435921ns5:MotorVehicles2023-04-012024-03-3104435921ns5:ComputerEquipment2023-04-012024-03-3104435921ns5:PlantMachinery2023-03-3104435921ns5:FurnitureFittings2023-03-3104435921ns5:MotorVehicles2023-03-3104435921ns5:ComputerEquipment2023-03-3104435921ns5:PlantMachinery2024-03-3104435921ns5:FurnitureFittings2024-03-3104435921ns5:MotorVehicles2024-03-3104435921ns5:ComputerEquipment2024-03-3104435921ns5:PlantMachinery2023-03-3104435921ns5:FurnitureFittings2023-03-3104435921ns5:MotorVehicles2023-03-3104435921ns5:ComputerEquipment2023-03-3104435921ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104435921ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104435921ns5:RetainedEarningsAccumulatedLosses2023-03-3104435921ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3104435921ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 04435921 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

DOUGLAS GRAHAM INVESTMENTS LIMITED

DOUGLAS GRAHAM INVESTMENTS LIMITED (REGISTERED NUMBER: 04435921)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DOUGLAS GRAHAM INVESTMENTS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C H Levy
Mrs A R Gross





SECRETARY: Mrs A R Gross





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 04435921 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

DOUGLAS GRAHAM INVESTMENTS LIMITED (REGISTERED NUMBER: 04435921)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,188 49,614
Investment property 5 1,263,492 1,287,987
1,304,680 1,337,601

CURRENT ASSETS
Debtors 6 26,480 26,782
Cash at bank 292,660 112,785
319,140 139,567
CREDITORS
Amounts falling due within one year 7 50,767 46,168
NET CURRENT ASSETS 268,373 93,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,573,053

1,431,000

CREDITORS
Amounts falling due after more than one
year

8

-

(203,433

)

PROVISIONS FOR LIABILITIES (66,960 ) (10,677 )
NET ASSETS 1,506,093 1,216,890

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 229,478 -
Retained earnings 9 1,276,614 1,216,889
SHAREHOLDERS' FUNDS 1,506,093 1,216,890

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.

DOUGLAS GRAHAM INVESTMENTS LIMITED (REGISTERED NUMBER: 04435921)

Balance Sheet - continued
31 March 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 18 November 2024 and were signed on its behalf by:





C H Levy - Director


DOUGLAS GRAHAM INVESTMENTS LIMITED (REGISTERED NUMBER: 04435921)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Douglas Graham Investments 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 represents rent receivable and property management fees, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment properties are those properties that are held either to earn rental income or for capital appreciation or both.

Investment properties are measured initially at cost including transaction costs and thereafter are stated at fair value, which reflects market conditions at the balance sheet date. Surpluses and deficits arising from changes in the fair value of investment properties are recognised in the Statement of Comprehensive Income in the year in which they arise.

Investment properties are stated at fair value as determined by the directors. The fair value of the company's property portfolio is based upon valuations and is inherently subjective. The fair value represents the amount at which the assets could be exchanged between a knowledgeable, willing buyer and a knowledgeable, willing seller in an arms-length transaction at the date of valuation. The fair value of each of the properties has been assessed by the directors. In determining the fair value of investment properties, the directors make use of historical and current market data as well as existing lease agreements.

Additions and disposals of investment properties are recognised in the accounts when contracts are completed.


Taxation
Taxation for the year 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.


DOUGLAS GRAHAM INVESTMENTS LIMITED (REGISTERED NUMBER: 04435921)

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 26,811 12,355 46,357 - 85,523
Additions - - - 3,055 3,055
Disposals - (1,439 ) - - (1,439 )
At 31 March 2024 26,811 10,916 46,357 3,055 87,139
DEPRECIATION
At 1 April 2023 7,508 6,490 21,911 - 35,909
Charge for year 2,896 1,466 6,111 1,008 11,481
Eliminated on disposal - (1,439 ) - - (1,439 )
At 31 March 2024 10,404 6,517 28,022 1,008 45,951
NET BOOK VALUE
At 31 March 2024 16,407 4,399 18,335 2,047 41,188
At 31 March 2023 19,303 5,865 24,446 - 49,614

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,287,987
Disposals (310,636 )
Revaluations 286,141
At 31 March 2024 1,263,492
NET BOOK VALUE
At 31 March 2024 1,263,492
At 31 March 2023 1,287,987

DOUGLAS GRAHAM INVESTMENTS LIMITED (REGISTERED NUMBER: 04435921)

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

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 286,141
Cost 977,351
1,263,492

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 977,351 1,287,987

Investment property was valued on a desktop valuation basis on 31 March 2024 by Oldfield Smith & Co .

Freehold investment property is valued at the end of each financial year by the directors. Independent valuations by valuers with a recognised qualification are sought where, in the opinion of the directors, there is market evidence to suggest that changes in fair value for properties of a similar type and location have occurred requiring specialist market knowledge in order to ascertain the fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,456 9,413
Other debtors 22,024 17,369
26,480 26,782

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 12,649
Taxation and social security 33,367 17,119
Other creditors 17,400 16,400
50,767 46,168

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 203,433

Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable in more than 5 years
by instalments

-

152,838

DOUGLAS GRAHAM INVESTMENTS LIMITED (REGISTERED NUMBER: 04435921)

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

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 1,216,889 - 1,216,889
Profit for the year 347,216 - 347,216
Dividends (58,013 ) - (58,013 )
Revaluation adjustment (286,141 ) 286,141 -
Tax on revaluation adjustment 56,663 (56,663 ) -
At 31 March 2024 1,276,614 229,478 1,506,092