GRACE2GRACEPROPERTY LTD

Company Registration Number:
14231505 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

GRACE2GRACEPROPERTY LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

GRACE2GRACEPROPERTY LTD

Company Information

for the Period Ended 31 July 2024




Director: Fatima Ibrahima
Registered office: Off 2108, 321-323
High Road
Romford
GBR
RM6 6AX
Company Registration Number: 14231505 (England and Wales)

GRACE2GRACEPROPERTY LTD

Directors' Report Period Ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Directors

The director(s) shown below were appointed to the company during the period
Fatima Ibrahima
13 July 2024

This report was approved by the board of directors on 11 April 2025
And Signed On Behalf Of The Board By:

Name: Fatima Ibrahima
Status: Director

GRACE2GRACEPROPERTY LTD

Profit and Loss Account

for the Period Ended 31 July 2024


Notes

2024
£
13 months to
31 Jul 2023
£
Turnover 21,963 21,454
Cost of sales ( 3,607 ) ( 2,637 )
Gross Profit or (Loss) 18,356 18,817
Administrative Expenses ( 18,485 ) ( 19,259 )
Operating Profit or (Loss) ( 129 ) ( 442 )
Profit or (Loss) Before Tax ( 129 ) ( 442 )
Profit or (Loss) for Period ( 129 ) ( 442 )

The notes form part of these financial statements

GRACE2GRACEPROPERTY LTD

Balance sheet

As at 31 July 2024


Notes

2024
£
13 months to
31 Jul 2023
£
Fixed assets
Tangible assets: 4 1,180
Total fixed assets: 1,180
Current assets
Stocks: 93
Debtors: 5 5
Cash at bank and in hand: 5,861 2,639
Total current assets: 5,959 2,639
Prepayments and accrued income: 7,165
Creditors: amounts falling due within one year: 6 ( 340 )
Net current assets (liabilities): 12,784 2,639
Total assets less current liabilities: 13,964 2,639
Creditors: amounts falling due after more than one year: 7 ( 15,708 ) ( 3,080 )
Provision for liabilities: ( 1 )
Accruals and deferred income: ( 5 )
Total net assets (liabilities): ( 1,749 ) ( 442 )

The notes form part of these financial statements

GRACE2GRACEPROPERTY LTD

Balance sheet continued

As at 31 July 2024


Notes

2024
£
13 months to
31 Jul 2023
£
Capital and reserves
Called up share capital: 500 1
Profit and loss account: ( 2,249 ) ( 443 )
Shareholders funds: ( 1,749 ) ( 442 )

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 April 2025
And Signed On Behalf Of The Board By:

Name: Fatima Ibrahima
Status: Director

The notes form part of these financial statements

GRACE2GRACEPROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Intangible Fixed Assets Cost or Valuation Policy
    The company did not hold any intangible fixed assets during the reporting period; therefore, no cost or valuation policy was required.

    Valuation information and policy

    The financial statements have been prepared under the historical cost convention. The company has no fixed or intangible assets at the balance sheet date. Debtors and creditors are stated at their nominal value. No stock is held by the company.

    Other accounting policies

    Revenue Recognition: Revenue is recognised when the company has completed its performance obligations to the customer and the income can be reliably measured. Income from services is recognised in the period in which the services are rendered. Loan Interest: Interest on loans is recognised as an expense in the period to which it relates, based on the loan agreement. Government Grants (if applicable): Grants and support payments (e.g. Covid-19 support) are recognised as other income in the period when the company is entitled to receive them and all attached conditions have been complied with. Going Concern: The directors consider that the company is a going concern and have prepared the financial statements on that basis.

GRACE2GRACEPROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees


    2024
    13 months to
    31 Jul 2023
    Average number of employees during the period 0 0

GRACE2GRACEPROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 3. Off balance sheet disclosure

    No

GRACE2GRACEPROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 August 2023 0 0
Additions 1,180 1,180
Disposals ( 0 ) ( 0 )
Revaluations - -
Transfers - -
At 31 July 2024 1,180 1,180
Depreciation
At 01 August 2023 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments - -
At 31 July 2024 0 0
Net book value
At 31 July 2024 1,180 1,180
At 31 July 2023 0 0

GRACE2GRACEPROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors


2024
£
13 months to
31 Jul 2023
£
Trade debtors 5
Prepayments and accrued income 0
Other debtors 0
Total 5

GRACE2GRACEPROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

6.Creditors: amounts falling due within one year note


2024
£
13 months to
31 Jul 2023
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 340
Accruals and deferred income 0
Other creditors 0
Total 340

GRACE2GRACEPROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

7.Creditors: amounts falling due after more than one year


2024
£
13 months to
31 Jul 2023
£
Bank loans and overdrafts 15,708 3,080
Amounts due under finance leases and hire purchase contracts 0
Other creditors 0
Total 15,708 3,080

Company Name: Grace2Grace Property Ltd
Accounting Period: 13 July 2023 to 12 July 2024

Other income includes one-off receipts not related to the company’s core trading activities.
The loan recorded under long-term creditors (£17,810) represents a director’s loan with no fixed repayment date.
Capital introduced during the period (£500) reflects a shareholder contribution to support operations.
Stock held at year-end amounted to £93.19.
No intangible or tangible fixed assets are recorded on the balance sheet.