GRL Property Investments Limited 13366247 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is property investment Digita Accounts Production Advanced 6.30.9574.0 true true 13366247 2023-05-01 2024-04-30 13366247 2024-04-30 13366247 core:RetainedEarningsAccumulatedLosses 2024-04-30 13366247 core:ShareCapital 2024-04-30 13366247 core:CurrentFinancialInstruments 2024-04-30 13366247 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 13366247 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 13366247 core:OfficeEquipment 2024-04-30 13366247 bus:SmallEntities 2023-05-01 2024-04-30 13366247 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13366247 bus:FilletedAccounts 2023-05-01 2024-04-30 13366247 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13366247 bus:Director2 2023-05-01 2024-04-30 13366247 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13366247 core:OfficeEquipment 2023-05-01 2024-04-30 13366247 countries:AllCountries 2023-05-01 2024-04-30 13366247 2023-04-30 13366247 core:OfficeEquipment 2023-04-30 13366247 2022-05-01 2023-04-30 13366247 2023-04-30 13366247 core:RetainedEarningsAccumulatedLosses 2023-04-30 13366247 core:ShareCapital 2023-04-30 13366247 core:CurrentFinancialInstruments 2023-04-30 13366247 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 13366247 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 13366247 core:OfficeEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 13366247

GRL Property Investments Limited

Directors' Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

GRL Property Investments Limited

(Registration number: 13366247)

Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

354

472

Investment property

4

452,989

254,527

 

453,343

254,999

Current assets

 

Debtors

5

232

286

Cash at bank and in hand

 

3,592

2,244

 

3,824

2,530

Creditors: Amounts falling due within one year

6

(150,396)

(88,531)

Net current liabilities

 

(146,572)

(86,001)

Total assets less current liabilities

 

306,771

168,998

Creditors: Amounts falling due after more than one year

6

(328,168)

(192,930)

Net liabilities

 

(21,397)

(23,932)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(21,497)

(24,032)

Shareholders' deficit

 

(21,397)

(23,932)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

 

GRL Property Investments Limited

(Registration number: 13366247)

Balance Sheet as at 30 April 2024 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 24 January 2025 and signed on its behalf by:
 

.........................................

I Grayel

Director

 

GRL Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

Accounting policies

Statutory information

GRL Property Investments Limited is a private company, limited by shares, domiciled in England and Wales, company number 13366247. The registered office is at 7 Woodview, Sprotbrough, Doncaster, DN5 7QS.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents the invoiced value of rents received during the year.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit and loss, expect that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

GRL Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

1

Accounting policies (continued)

Asset class

Depreciation method and rate

Office Equipment

20% straight line per annum

Investment property

Investment property is originally recognised at cost which includes the purchase cost and any directly attributable expenditure.

Investment property whose fair value can be measured reliably are measured at fair value. The surplus of deficit on revaluation is recognised in the profit and loss account and accumulated in the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

GRL Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

3

Fixed assets

Office equipment
£

Total
£

Cost

At 1 May 2023

590

590

At 30 April 2024

590

590

Depreciation

At 1 May 2023

118

118

Charge for the year

118

118

At 30 April 2024

236

236

Carrying amount

At 30 April 2024

354

354

At 30 April 2023

472

472

4

Investment properties

2024
£

At 1 May

254,527

Additions

198,462

At 30 April

452,989

Investment property is measured at fair value. The fair value of the company's investment properties is subject to annual review by the company's director taking into account prevailing market conditions.
At the year end, the fair value of the property is deemed to be equal to the historical cost basis.

5

Debtors

2024
£

2023
£

Prepayments

232

286

 

232

286

 

GRL Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

6

Creditors

2024
£

2023
£

Due within one year

Directors' loan accounts

147,388

84,318

Other payables

-

300

Accruals

3,008

3,913

150,396

88,531

Due after one year

Loans and borrowings

328,168

192,930