COMPANY REGISTRATION NUMBER:
04157256
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P.A. Grant Property Company Limited |
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|
Filleted Unaudited Financial Statements |
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P.A. Grant Property Company Limited |
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Year ended 30 September 2024
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Statement of financial position |
1 |
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Notes to the financial statements |
3 |
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P.A. Grant Property Company Limited |
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Statement of Financial Position |
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30 September 2024
Fixed assets
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Tangible assets |
5 |
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750,000 |
750,000 |
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|
|
|
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Current assets
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Cash at bank and in hand |
1,329 |
|
1,329 |
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|
|
|
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Creditors: amounts falling due within one year |
6 |
258,494 |
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253,494 |
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--------- |
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--------- |
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Net current liabilities |
|
257,165 |
252,165 |
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--------- |
--------- |
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Total assets less current liabilities |
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492,835 |
497,835 |
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|
|
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Creditors: amounts falling due after more than one year |
7 |
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26,334 |
25,374 |
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--------- |
--------- |
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Net assets |
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466,501 |
472,461 |
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--------- |
--------- |
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Capital and reserves
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Called up share capital |
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1 |
1 |
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Profit and loss non-distributable account |
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339,196 |
339,196 |
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Profit and loss account |
|
127,304 |
133,264 |
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|
--------- |
--------- |
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Shareholders funds |
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466,501 |
472,461 |
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--------- |
--------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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P.A. Grant Property Company Limited |
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Statement of Financial Position (continued) |
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30 September 2024
These financial statements were approved by the
board of directors
and authorised for issue on
16 June 2025
, and are signed on behalf of the board by:
Company registration number:
04157256
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P.A. Grant Property Company Limited |
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Notes to the Financial Statements |
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Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Danno House, 62 London Road, Canterbury, Kent, CT2 8JZ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Included in tangible assets is investment property which is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the year, excluding directors, amounted to 1 (2023: 1).
5.
Tangible assets
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Investment property |
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£ |
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Cost |
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At 1 October 2023 and 30 September 2024 |
750,000 |
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--------- |
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Depreciation |
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At 1 October 2023 and 30 September 2024 |
– |
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--------- |
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Carrying amount |
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At 30 September 2024 |
750,000 |
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--------- |
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At 30 September 2023 |
750,000 |
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--------- |
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Investment property was revalued on the 30 September 2010 to £750,000 based on the director's assessment of the valuation of the property. The directors believe that the valuation accurately reflects the current open market value of the property. Investment property has been used as security for group borrowings.
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Other creditors |
13,000 |
8,000 |
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Other creditors |
245,494 |
245,494 |
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--------- |
--------- |
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258,494 |
253,494 |
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--------- |
--------- |
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Bank loans and overdrafts are secured by way of a fixed and floating charge against the company's assets and undertakings.
7.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
26,334 |
25,374 |
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-------- |
-------- |
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Bank loans and overdrafts are secured by way of a fixed and floating charge against the company's assets and undertakings.
8.
Related party transactions
At the year end the company owed £26,334 (2023: £25,374) to a company in the same group.
9.
Controlling party
P. A. Grant Holding Company Limited
is the ultimate controlling company by virtue of holding 100% of issued share capital. The registered office address of the ultimate parent entity is Danno House, 62 London Road, Canterbury, Kent, CT2 8JZ
.