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COMPANY REGISTRATION NUMBER: 09798966
Graystep Investments Limited
Filleted Unaudited Financial Statements
30 September 2024
Graystep Investments Limited
Financial Statements
Year ended 30 September 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Graystep Investments Limited
Officers and Professional Advisers
Director
S B Spitz
Registered office
727-729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Graystep Investments Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Graystep Investments Limited
Year ended 30 September 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 September 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Graystep Investments Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
40,500
40,500
Current assets
Debtors
5
197,000
317,000
Cash at bank and in hand
13,496
52,686
---------
---------
210,496
369,686
Creditors: amounts falling due within one year
6
4,505
2,635
---------
---------
Net current assets
205,991
367,051
---------
---------
Total assets less current liabilities
246,491
407,551
Creditors: amounts falling due after more than one year
7
198,346
373,389
---------
---------
Net assets
48,145
34,162
---------
---------
Capital and reserves
Called up share capital
10
10
Profit and loss account
48,135
34,152
--------
--------
Shareholders funds
48,145
34,162
--------
--------
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 comprehensive income 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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Graystep Investments Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 25 June 2025 , and are signed on behalf of the board by:
S B Spitz
Director
Company registration number: 09798966
Graystep Investments Limited
Notes to the Financial Statements
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 727-729 High Road, London, N12 0BP.
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.
Investment properties
Investment properties are accounted for at their fair value every 3 years on a regular basis. Changes in fair value are reflected through the profit and loss account and any unrealised gains or losses are transferred from profit and loss to the fair value reserve. No depreciation is provided in respect of investment properties. This treatment is a departure from the requirements of the companies act 2006 which requires all properties to be depreciated. However, the director considers that these properties are not held for consumption but for investment and that to depreciate them would not give a true and fair view. The amount of of depreciation which might otherwise have been charged cannot be separately identified or quantified as it is not practical to assess the estimated useful lives for investment properties.
Judgements and key sources of estimation uncertainty
No significant judgements have had to be made by the directors in preparing these financial statements .
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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
4. Tangible assets
Freehold property
£
Cost
At 1 October 2023 and 30 September 2024
40,500
--------
Depreciation
At 1 October 2023 and 30 September 2024
--------
Carrying amount
At 30 September 2024
40,500
--------
At 30 September 2023
40,500
--------
At the year end, the director is of the opinion that there is no material difference between cost and the revalued amount of the properties and that these are revalued regularly at 3 year intervals in line with the accounting policy adopted .
5. Debtors
2024
2023
£
£
Other debtors
197,000
317,000
---------
---------
The debtors above include the following amounts falling due after more than one year:
2024
2023
£
£
Other debtors
272,000
----
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
3,280
1,201
Other creditors
1,225
1,434
-------
-------
4,505
2,635
-------
-------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
198,346
373,389
---------
---------