Registered number
07029250
Gratton Property (Whitchurch) Limited
Unaudited Filleted Accounts
31 July 2024
Gratton Property (Whitchurch) Limited
Registered number: 07029250
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 130,000
Investments 4 511,600 416,950
511,600 546,950
Current assets
Debtors 5 153,736 33,453
Cash at bank and in hand 26,162 63,842
179,898 97,295
Creditors: amounts falling due within one year 6 (6,611) (6,756)
Net current assets 173,287 90,539
Total assets less current liabilities 684,887 637,489
Provisions for liabilities - (3,900)
Net assets 684,887 633,589
Capital and reserves
Called up share capital 2 2
Fair value reserve 511,598 433,528
Profit and loss account 173,287 200,059
Shareholders' funds 684,887 633,589
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Gratton
Director
Approved by the board on 22 December 2024
Gratton Property (Whitchurch) Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
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
Turnover arises from various sources all related to the company's activity as a property business. It is measured at the fair value of the consideration receivable.
Tangible fixed assets (investment properties)
Tangible fixed assets comprise investment properties which are held to earn rentals and capital appreciation. These properties are not subject to depreciation but, instead, an annual review of their market valuation. Deferred taxation is recognised on the excess of valuation over cost.

This treatment represents a departure from the requirements of the Companies Act 2006 but is required in order for the accounts to show a true and fair view. It is impractical, in the opinion of the directors, to state an amount of depreciation which would have been charged against profit had the provisions of the Act been followed.
Investments
Investments in associated undertakings are recorded using the equity method where the carrying value of the investments is a) increased by the company's share of the profits (less losses) net of tax charges as recorded by those associates, these amounts also being credited and charged respectively to the company's profit and loss account, and b) reduced by any dividends paid by the associated undertakings to the company.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the accounts and their inclusion in tax assessments. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Carrying value
At 1 August 2023 130,000
Disposals (130,000)
At 31 July 2024 -
Depreciation
At 31 July 2024 -
Net book value
At 31 July 2024 -
At 31 July 2023 130,000
4 Investments
Investments in
associated
undertakings
£
Carrying value
At 1 August 2023 416,950
Additions 94,650
At 31 July 2024 511,600
5 Debtors 2024 2023
£ £
Amounts owed by connected undertakings 151,500 31,500
Other debtors 2,236 1,953
153,736 33,453
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 5,951 6,096
Other creditors 660 660
6,611 6,756
7 Related party transactions
Amounts owed by connected undertakings
The company has lent money to connected undertakings in which the directors have an interest or more, these undertakings being separate from the associated undertakings in which the company has invested. The amounts owing by the connected undertakings are disclosed in note 5 above and no formal terms attach to these loans.

Sale of investment property
The company's investment property has been sold to a family member of the directors. This transaction occurred at open market value.
8 Other information
Gratton Property (Whitchurch) Limited is a private company limited by shares and incorporated in England and Wales. The company is jointly-owned and therefore controlled by its directors. The registered office is situated at First Floor Offices, Allied House, Bryn Lane, Wrexham, LL13 9UT.
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