Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11956522 2023-05-01 2024-04-30 11956522 2022-05-01 2023-04-30 11956522 2024-04-30 11956522 2023-04-30 11956522 c:Director2 2023-05-01 2024-04-30 11956522 d:OfficeEquipment 2023-05-01 2024-04-30 11956522 d:OfficeEquipment 2024-04-30 11956522 d:OfficeEquipment 2023-04-30 11956522 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11956522 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 11956522 d:FreeholdInvestmentProperty 2024-04-30 11956522 d:FreeholdInvestmentProperty 2023-04-30 11956522 d:FreeholdInvestmentProperty 2 2023-05-01 2024-04-30 11956522 d:CurrentFinancialInstruments 2024-04-30 11956522 d:CurrentFinancialInstruments 2023-04-30 11956522 d:Non-currentFinancialInstruments 2024-04-30 11956522 d:Non-currentFinancialInstruments 2023-04-30 11956522 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11956522 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11956522 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 11956522 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 11956522 d:ShareCapital 2024-04-30 11956522 d:ShareCapital 2023-04-30 11956522 d:OtherMiscellaneousReserve 2024-04-30 11956522 d:OtherMiscellaneousReserve 2023-04-30 11956522 d:RetainedEarningsAccumulatedLosses 2024-04-30 11956522 d:RetainedEarningsAccumulatedLosses 2023-04-30 11956522 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 11956522 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 11956522 c:OrdinaryShareClass1 2023-05-01 2024-04-30 11956522 c:OrdinaryShareClass1 2024-04-30 11956522 c:OrdinaryShareClass1 2023-04-30 11956522 c:OrdinaryShareClass2 2023-05-01 2024-04-30 11956522 c:OrdinaryShareClass2 2024-04-30 11956522 c:OrdinaryShareClass2 2023-04-30 11956522 c:FRS102 2023-05-01 2024-04-30 11956522 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11956522 c:FullAccounts 2023-05-01 2024-04-30 11956522 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11956522 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11956522









RALPH GRAYSON LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
RALPH GRAYSON LTD
REGISTERED NUMBER: 11956522

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,831
-

Investment property
 5 
2,000,000
1,968,500

  
2,001,831
1,968,500

Current assets
  

Debtors: amounts falling due within one year
 6 
100
6,343

Cash at bank and in hand
 7 
10,829
11,963

  
10,929
18,306

Creditors: amounts falling due within one year
 8 
(710,257)
(716,094)

Net current liabilities
  
 
 
(699,328)
 
 
(697,788)

Total assets less current liabilities
  
1,302,503
1,270,712

Creditors: amounts falling due after more than one year
 9 
(1,006,347)
(1,044,966)

Provisions for liabilities
  

Deferred tax
 10 
(8,333)
(37,591)

  
 
 
(8,333)
 
 
(37,591)

Net assets
  
287,823
188,155


Capital and reserves
  

Called up share capital 
 11 
100
100

Other reserves
  
94,073
94,073

Profit and loss account
  
193,650
93,982

  
287,823
188,155


Page 1

 
RALPH GRAYSON LTD
REGISTERED NUMBER: 11956522
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T C Merritt
Director

Date: 11 February 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
RALPH GRAYSON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Ralph Grayson Limited is a private company limited by shares and incorporated in England (Registered number 11956522). Its registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. 
The company was incorporated on 20 April 2019 and started trading on the same day. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
RALPH GRAYSON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
RALPH GRAYSON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
RALPH GRAYSON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,984



At 30 April 2024

1,984



Depreciation


Charge for the year on owned assets
153



At 30 April 2024

153



Net book value



At 30 April 2024
1,831



At 30 April 2023
-


5.


Investment property


Investment property

£



Valuation


At 1 May 2023
1,968,500


Additions at cost
6,243


Surplus on revaluation
25,257



At 30 April 2024
2,000,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.


2024
2023
£
£


Historic cost
1,770,648
1,770,648

1,770,648
1,770,648

Page 6

 
RALPH GRAYSON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Other debtors
100
6,343

100
6,343



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,829
11,963

10,829
11,963



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
68,419
43,296

Other creditors
638,855
669,815

Accruals and deferred income
2,983
2,983

710,257
716,094



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,006,347
1,044,966

1,006,347
1,044,966


Page 7

 
RALPH GRAYSON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Deferred taxation




2024


£






At beginning of year
(37,591)


Charged to profit or loss
29,258



At end of year
(8,333)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Tax losses carried forward
(8,334)
(37,591)

(8,334)
(37,591)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary A share of £65.00
65
65
1 (2023 - 1) Ordinary B share of £35.00
35
35

100

100


 
Page 8