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Registered number: 14389946
GRESHAM CAPITAL LIMITED
Unaudited Financial Statements
For The Year Ended 30 September 2024
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14389946
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 710 -
Investment Properties 5 383,006 380,006
383,716 380,006
CURRENT ASSETS
Debtors 6 - 94
Cash at bank and in hand 2,946 11,005
2,946 11,099
Creditors: Amounts Falling Due Within One Year 7 (402,063 ) (396,269 )
NET CURRENT ASSETS (LIABILITIES) (399,117 ) (385,170 )
TOTAL ASSETS LESS CURRENT LIABILITIES (15,401 ) (5,164 )
NET LIABILITIES (15,401 ) (5,164 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (15,501 ) (5,264 )
SHAREHOLDERS' FUNDS (15,401) (5,164)
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Matthew Osobase
Director
21/11/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
GRESHAM CAPITAL LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 14389946 . The registered office is 7 Bell Yard, London, WC2A 2JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2023 -
Additions 887
As at 30 September 2024 887
Depreciation
As at 1 October 2023 -
Provided during the period 177
As at 30 September 2024 177
Net Book Value
As at 30 September 2024 710
As at 1 October 2023 -
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5. Investment Property
2024
£
Fair Value
As at 1 October 2023 380,006
Additions 3,000
As at 30 September 2024 383,006
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 94
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 1
Other creditors 402,062 396,268
402,063 396,269
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is Gresham Holdings Limited. The ultimate controlling party is Matthew Osobase who has a controlling shareholding in Gresham Holdings Limited.
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