Company registration number 10397019 (England and Wales)
63 GRAYS INN ROAD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
63 GRAYS INN ROAD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
63 GRAYS INN ROAD LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
1,986,907
1,986,907
Current assets
Debtors
4
490,301
442,358
Creditors: amounts falling due within one year
5
(2,019,835)
(2,030,469)
Net current liabilities
(1,529,534)
(1,588,111)
Net assets
457,373
398,796
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
457,363
398,786
Total equity
457,373
398,796

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 22 April 2025
J Samuels
Director
Company registration number 10397019 (England and Wales)
63 GRAYS INN ROAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

63 Grays Inn Road Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11 Crooked Usage, London, United Kingdom, N3 3HD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of rent received or receivable.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
63 GRAYS INN ROAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
3
Investment property
2024
£
Fair value
At 1 October 2023 and 30 September 2024
1,986,907

The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
52,771
30,547
Other debtors
437,530
411,811
490,301
442,358
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,784
2,640
Corporation tax
16,018
11,917
Other creditors
2,001,033
2,015,912
2,019,835
2,030,469
6
Financial commitments, guarantees and contingent liabilities

The director holds a fixed charge over the property held by 63 Grays Inn Road Limited.

7
Related party transactions

At the year end the company owed £1,982,892 (2023 - £1,982,892) to the director of the company, in respect of an interest free loan which is repayable on demand.

 

At the year end the company was owed £426,971 (2023 - £399,319) by Diamond Gate Investments Limited, a fellow subsidiary of the parent company.

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