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REGISTERED NUMBER: 08089676 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Christian Grant Properties Limited

Christian Grant Properties Limited (Registered number: 08089676)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Christian Grant Properties Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: K G Draper
Mrs M O Draper





REGISTERED OFFICE: 66 Bath Road
Keynsham
Bristol
BS31 1SP





REGISTERED NUMBER: 08089676 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Christian Grant Properties Limited (Registered number: 08089676)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 41,425 60,138
Investments 5 211 110
Investment property 6 200 -
41,836 60,248

CURRENT ASSETS
Debtors 7 1,421,230 1,188,060
Cash at bank 254,573 264,987
1,675,803 1,453,047
CREDITORS
Amounts falling due within one year 8 593,978 257,423
NET CURRENT ASSETS 1,081,825 1,195,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,123,661

1,255,872

CREDITORS
Amounts falling due after more than one
year

9

44,769

66,784
NET ASSETS 1,078,892 1,189,088

Christian Grant Properties Limited (Registered number: 08089676)

Statement of Financial Position - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 1,078,792 1,188,988
SHAREHOLDERS' FUNDS 1,078,892 1,189,088

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





K G Draper - Director


Christian Grant Properties Limited (Registered number: 08089676)

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

1. STATUTORY INFORMATION

Christian Grant Properties Limited 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.

Preparation of consolidated financial statements
The financial statements contain information about Christian Grant Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.


Christian Grant Properties Limited (Registered number: 08089676)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Christian Grant Properties Limited (Registered number: 08089676)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 3,346 129,437 17,367 150,150
Additions - - 6,536 6,536
Disposals - (39,968 ) - (39,968 )
At 31 May 2024 3,346 89,469 23,903 116,718
DEPRECIATION
At 1 June 2023 2,593 73,526 13,893 90,012
Charge for year 251 11,417 3,337 15,005
Eliminated on disposal - (29,724 ) - (29,724 )
At 31 May 2024 2,844 55,219 17,230 75,293
NET BOOK VALUE
At 31 May 2024 502 34,250 6,673 41,425
At 31 May 2023 753 55,911 3,474 60,138

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 112,382
Disposals (31,663 )
At 31 May 2024 80,719
DEPRECIATION
At 1 June 2023 59,463
Charge for year 10,725
Eliminated on disposal (21,645 )
At 31 May 2024 48,543
NET BOOK VALUE
At 31 May 2024 32,176
At 31 May 2023 52,919

Christian Grant Properties Limited (Registered number: 08089676)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023 110
Additions 101
At 31 May 2024 211
NET BOOK VALUE
At 31 May 2024 211
At 31 May 2023 110

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Christian Grant Cheswick campus Limited
Registered office: 66 Bath Road Keynsham, Bristol, England, BS31 1SP
Nature of business: Property development
%
Class of shares: holding
Ordinary 100.00
31.5.24 31.3.23
£    £   
Aggregate capital and reserves 1,906,313 2,219,915
(Loss)/profit for the period/year (350,710 ) 2,275

Christian Grant - Cheswick Square Limited
Registered office: 66 Bath Rd Keynsham Bristol BS31 1SP
Nature of business: Property development
%
Class of shares: holding
Ordinary 100.00
31.5.24 30.11.23
£    £   
Aggregate capital and reserves 586 113,177
(Loss)/profit for the period/year (3,091 ) 60,916

Christian Grant Properties Limited (Registered number: 08089676)

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

5. FIXED ASSET INVESTMENTS - continued

Christian Grant (Old Tavern) Ltd
Registered office: 66 Bath Road Keynsham, Bristol, England, BS31 1SP
Nature of business: Property development
%
Class of shares: holding
Ordinary 100.00
31.5.24 31.10.23
£    £   
Aggregate capital and reserves (18,165 ) (10,924 )
Loss for the period/year (7,241 ) (11,024 )

Christian Grant (Picture House) Ltd
Registered office: 66 Bath Road Keynsham, Bristol, England, BS31 1SP
Nature of business: Property development
%
Class of shares: holding
Ordinary 100.00
31.5.24
£   
Aggregate capital and reserves (9,893 )
Loss for the period/year (9,993 )

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 200
At 31 May 2024 200
NET BOOK VALUE
At 31 May 2024 200

Christian Grant Properties Limited (Registered number: 08089676)

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

7. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Amounts owed by associates 1,139,578 1,055,929
Other debtors 2,168 -
VAT 39,267 23,868
Deferred tax asset - 108,263
Prepayments 142 -
Accrued income 20,824 -
1,201,979 1,188,060

Amounts falling due after more than one year:
Deferred tax 219,251 -

Aggregate amounts 1,421,230 1,188,060

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bounce back loan-less than 1 y ear 9,996 9,751
Hire purchase contracts 11,770 11,770
Trade creditors 1,097 -
Amounts owed to associates 388,047 7,050
Tax 1,101 400
Tax on interest 2,908 18,461
Social security and other taxes - 29,764
Other creditors 8,724 13,400
Directors' current accounts 167,935 164,425
Accrued expenses 2,400 2,402
593,978 257,423

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bounce back loan - 2-5 years 10,004 20,249
Hire purchase contracts 34,765 46,535
44,769 66,784

Christian Grant Properties Limited (Registered number: 08089676)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 June 2023 1,188,988
Deficit for the year (110,196 )
At 31 May 2024 1,078,792

12. RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with the directors:

2024 2023

Capital withdrawn - 149,709

Capital introduced 3,510 -

Interest paid 11,633 16,750

At the balance sheet date the amount due to the directors was £167,935 (2023 - £164,425).

Float 8
A company controlled by K Draper.

At the year end, Float 8 owed the company £355,154 (2023 - £335,087).

Christian Grant Management services Limited
A company controlled by K Draper.

At the year end, Christian Grant Management services Limited owed the company £3,671 (2023 The company owed Christian Grant Management services Limited £7,050)