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REGISTERED NUMBER: 08685154 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

4-5 Grays Inn Square Limited

4-5 Grays Inn Square Limited (Registered number: 08685154)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


4-5 Grays Inn Square Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr T D Straker KC
Mr R J A Beloff





REGISTERED OFFICE: 5 Luke Street
London
Greater London
EC2A 4PX





REGISTERED NUMBER: 08685154 (England and Wales)





ACCOUNTANTS: Litchfields
5 Luke Street
London
EC2A 4PX

4-5 Grays Inn Square Limited (Registered number: 08685154)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 22,400 29,700
Tangible assets 5 27,375 30,012
49,775 59,712

CURRENT ASSETS
Debtors 6 219,127 185,507
Cash at bank 96,988 26,000
316,115 211,507
CREDITORS
Amounts falling due within one year 7 358,827 284,961
NET CURRENT LIABILITIES (42,712 ) (73,454 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,063

(13,742

)

CREDITORS
Amounts falling due after more than one year 8 176,870 116,486
NET LIABILITIES (169,807 ) (130,228 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (169,809 ) (130,230 )
(169,807 ) (130,228 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

4-5 Grays Inn Square Limited (Registered number: 08685154)

Balance Sheet - continued
30 September 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





Mr R J A Beloff - Director


4-5 Grays Inn Square Limited (Registered number: 08685154)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

4-5 Grays Inn Square 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

4-5 Grays Inn Square Limited (Registered number: 08685154)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
£   
COST
At 1 October 2023
and 30 September 2024 64,000
AMORTISATION
At 1 October 2023 34,300
Amortisation for year 7,300
At 30 September 2024 41,600
NET BOOK VALUE
At 30 September 2024 22,400
At 30 September 2023 29,700

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 25,019 25,929 12,563 63,511
Additions - 7,977 2,430 10,407
Disposals (25,019 ) - - (25,019 )
At 30 September 2024 - 33,906 14,993 48,899
DEPRECIATION
At 1 October 2023 22,517 8,313 2,669 33,499
Charge for year 2,502 7,152 3,390 13,044
Eliminated on disposal (25,019 ) - - (25,019 )
At 30 September 2024 - 15,465 6,059 21,524
NET BOOK VALUE
At 30 September 2024 - 18,441 8,934 27,375
At 30 September 2023 2,502 17,616 9,894 30,012

4-5 Grays Inn Square Limited (Registered number: 08685154)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 40,931 39,034
Other debtors 12,149 1,108
Prepayments and accrued income 166,047 145,365
219,127 185,507

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts (see note 9) 103,587 100,360
Trade creditors 145,942 89,437
Corporation tax 9,004 -
Social security and other taxes 85,231 81,726
Other creditors 2,728 2,610
Accruals and deferred income 12,335 10,828
358,827 284,961

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 9) 176,870 116,486

9. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 39,286
Bank loans 103,587 61,074
103,587 100,360

Amounts falling due between one and two years:
Bank loans - 1-2 years 121,049 67,537

Amounts falling due between two and five years:
Bank loans - 2-5 years 55,821 48,949