2023-05-01 2024-04-30 false Capium Accounts Production 1.1 13321481 bus:AbridgedAccounts 2023-05-01 2024-04-30 13321481 bus:FRS102 2023-05-01 2024-04-30 13321481 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13321481 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13321481 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13321481 2023-05-01 2024-04-30 13321481 2024-04-30 13321481 bus:RegisteredOffice 2023-05-01 2024-04-30 13321481 core:WithinOneYear 2024-04-30 13321481 core:AfterOneYear 2024-04-30 13321481 bus:Director1 2023-05-01 2024-04-30 13321481 bus:Director1 2024-04-30 13321481 bus:Director1 2022-05-01 2023-04-30 13321481 bus:Director2 2023-05-01 2024-04-30 13321481 bus:Director2 2024-04-30 13321481 bus:Director2 2022-05-01 2023-04-30 13321481 2022-05-01 13321481 bus:LeadAgentIfApplicable 2023-05-01 2024-04-30 13321481 2022-05-01 2023-04-30 13321481 2023-04-30 13321481 core:WithinOneYear 2023-04-30 13321481 core:AfterOneYear 2023-04-30 13321481 bus:EntityAccountantsOrAuditors 2022-05-01 2023-04-30 13321481 core:InvestmentProperties 2023-05-01 2024-04-30 13321481 core:InvestmentProperties 2024-04-30 13321481 core:InvestmentProperties 2023-04-30 13321481 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-04-30 13321481 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-04-30 13321481 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 13321481 core:CostValuation core:Non-currentFinancialInstruments 2023-04-30 13321481 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-04-30 13321481 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-04-30 13321481 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-04-30 13321481 core:Non-currentFinancialInstruments 2024-04-30 13321481 core:Non-currentFinancialInstruments 2023-04-30 13321481 core:ShareCapital 2024-04-30 13321481 core:ShareCapital 2023-04-30 13321481 core:RetainedEarningsAccumulatedLosses 2024-04-30 13321481 core:RetainedEarningsAccumulatedLosses 2023-04-30 13321481 dpl:Item1 2023-05-01 13321481 dpl:Item1 2024-04-30 13321481 dpl:Item1 2022-05-01 13321481 dpl:Item1 2023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 13321481
England and Wales

 

 

 

GRACE HOMES INVESTMENT LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 219,758    219,758 
219,758    219,758 
Current assets      
Cash at bank and in hand 1,928    4,299 
Creditors: amount falling due within one year (61,472)   (66,087)
Net current assets (59,544)   (61,788)
 
Total assets less current liabilities 160,214    157,970 
Creditors: amount falling due after more than one year (156,335)   (156,335)
Net assets 3,879    1,635 
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Profit and loss account 2,879    635 
Shareholders' funds 3,879    1,635 
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 03 November 2024 and were signed on its behalf by:


-------------------------------
Comfort Olubunmi WILSON
Director
1
General Information
GRACE HOMES INVESTMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13321481, registration address 92 LONDON ROAD, MITCHAM JUNCTION MITCHAM, CR4 4JB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Rental income is recognised on an accrual basis. Rents receivable from tenants represents rents and service charges receivable in the period.
Where a rent-free period is included in a lease, the rental income foregone is allocated evenly over the period from the date of lease commencement to the earliest termination date.

Rental income from fixed and minimum guaranteed rent reviews is recognised on a straight-line basis over the shorter of the entire lease term or the period to the first break option. Where such rental income is recognised ahead of the related cash flow,
an adjustment is made to ensure the carrying value of the related property including the accrued rent does not exceed the external valuation. Initial direct costs incurred in negotiating and arranging a new lease are amortised on a straight-line basis
over the period from the date of lease commencement to the earliest termination date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
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.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Bank loan security

The aggregate amount of creditors to which security has been given amounted to £156,335. Bank loans are secured by a fixed and floating charge over the assets of the company

4.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 May 2023 219,758    219,758 
Additions  
Disposals  
At 30 April 2024 219,758    219,758 
Depreciation
At 01 May 2023  
Charge for year  
On disposals  
At 30 April 2024  
Net book values
Closing balance as at 30 April 2024 219,758    219,758 
Opening balance as at 01 May 2023 219,758    219,758 


2