IRIS Accounts Production v24.3.2.46 02151025 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021510252023-03-31021510252024-03-31021510252023-04-012024-03-31021510252022-03-31021510252022-04-012023-03-31021510252023-03-3102151025ns15:EnglandWales2023-04-012024-03-3102151025ns14:PoundSterling2023-04-012024-03-3102151025ns10:Director12023-04-012024-03-3102151025ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102151025ns10:SmallEntities2023-04-012024-03-3102151025ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102151025ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102151025ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102151025ns10:FullAccounts2023-04-012024-03-3102151025ns10:Director22023-04-012024-03-3102151025ns10:Director32023-04-012024-03-3102151025ns10:Director42023-04-012024-03-3102151025ns10:Director52023-04-012024-03-3102151025ns10:Director62023-04-012024-03-3102151025ns10:RegisteredOffice2023-04-012024-03-3102151025ns5:CurrentFinancialInstruments2024-03-3102151025ns5:CurrentFinancialInstruments2023-03-3102151025ns5:ShareCapital2024-03-3102151025ns5:ShareCapital2023-03-3102151025ns5:SharePremium2024-03-3102151025ns5:SharePremium2023-03-3102151025ns5:RevaluationReserve2024-03-3102151025ns5:RevaluationReserve2023-03-3102151025ns5:RetainedEarningsAccumulatedLosses2024-03-3102151025ns5:RetainedEarningsAccumulatedLosses2023-03-3102151025ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3102151025ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3102151025ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 02151025 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 March 2024

for

Gramcott Ltd

Gramcott Ltd (Registered number: 02151025)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gramcott Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C J Flood
J P Flood
J K Flood
J C Flood
L C Flood
Mrs S E Flood





REGISTERED OFFICE: 150 Battenhall Road
Worcester
Worcestershire
WR5 2BT





REGISTERED NUMBER: 02151025 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Gramcott Ltd (Registered number: 02151025)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 450,000 450,000

CURRENT ASSETS
Debtors 5 254,700 234,466
Cash at bank 18,610 10,689
273,310 245,155
CREDITORS
Amounts falling due within one year 6 9,713 6,448
NET CURRENT ASSETS 263,597 238,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

713,597

688,707

CAPITAL AND RESERVES
Called up share capital 280,000 280,000
Share premium 42,500 42,500
Revaluation reserve 7 25,430 25,430
Retained earnings 365,667 340,777
SHAREHOLDERS' FUNDS 713,597 688,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2024 and were signed on its behalf by:





J P Flood - Director


Gramcott Ltd (Registered number: 02151025)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gramcott Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the invoiced amount of rentals and contribution from tenants to legal agreement fees.

Investment property
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 450,000
NET BOOK VALUE
At 31 March 2024 450,000
At 31 March 2023 450,000

The investment property was valued at £450,000 by the directors, on an open market value, on 31st March 2016.

Gramcott Ltd (Registered number: 02151025)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 254,700 234,466

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 8,958 5,693
Other creditors 755 755
9,713 6,448

7. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 25,430

8. RELATED PARTY DISCLOSURES

The balance due from the parent company, Doubury Investments (Midlands) Ltd, at 31st March 2024 was £53,873 (2023: £53,873).

The balance due from the ultimate parent company, Doubury Ltd, at 31st March 2024 was £190,100 (2023: £172,700).

9. PARENT UNDERTAKING

Doubury Ltd is the parent undertaking, with the registered office being 150 Battenhall Road, Worcester, WR5 2BT.