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COMPANY REGISTRATION NUMBER: 07018130
GRAHAM PROPERTIES (LEEDS) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
26 September 2024
GRAHAM PROPERTIES (LEEDS) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 26 SEPTEMBER 2024
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
GRAHAM PROPERTIES (LEEDS) LIMITED
STATEMENT OF FINANCIAL POSITION
26 September 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
300,822
300,967
CURRENT ASSETS
Debtors
5
22,350
27,350
Cash at bank and in hand
3,972
209
--------
--------
26,322
27,559
CREDITORS: amounts falling due within one year
6
( 99,636)
( 95,886)
--------
--------
NET CURRENT LIABILITIES
( 73,314)
( 68,327)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
227,508
232,640
CREDITORS: amounts falling due after more than one year
7
( 20,398)
( 20,208)
PROVISIONS
Taxation including deferred tax
( 48,071)
( 48,071)
---------
---------
NET ASSETS
159,039
164,361
---------
---------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
159,038
164,360
---------
---------
SHAREHOLDER FUNDS
159,039
164,361
---------
---------
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 26 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 Act with respect to accounting records and the preparation of financial statements .
GRAHAM PROPERTIES (LEEDS) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
26 September 2024
These financial statements were approved by the board of directors and authorised for issue on 19 June 2025 , and are signed on behalf of the board by:
S P Graham
Director
Company registration number: 07018130
GRAHAM PROPERTIES (LEEDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 26 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 Units 1 & 2 Sandleas Way, Sandleas Way, Leeds, LS15 8AW, England.
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 . 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Investment property
Investment property is recorded at open market value at the reporting date.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. 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 before operating profit.
4. TANGIBLE ASSETS
Investment property
Fixtures and fittings
Total
£
£
£
Cost
At 27 September 2023 and 26 September 2024
300,000
1,574
301,574
---------
-------
---------
Depreciation
At 27 September 2023
607
607
Charge for the year
145
145
---------
-------
---------
At 26 September 2024
752
752
---------
-------
---------
Carrying amount
At 26 September 2024
300,000
822
300,822
---------
-------
---------
At 26 September 2023
300,000
967
300,967
---------
-------
---------
-
5. DEBTORS
2024
2023
£
£
Other debtors
22,350
27,350
--------
--------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Amounts due to related companies
5,159
5,159
Other creditors
84,477
80,727
--------
--------
99,636
95,886
--------
--------
7. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
20,398
20,208
--------
--------