Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30false2023-10-01No description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12206532 2023-10-01 2024-09-30 12206532 2022-10-01 2023-09-30 12206532 2024-09-30 12206532 2023-09-30 12206532 2022-10-01 12206532 c:Director2 2023-10-01 2024-09-30 12206532 d:FreeholdInvestmentProperty 2023-10-01 2024-09-30 12206532 d:FreeholdInvestmentProperty 2024-09-30 12206532 d:FreeholdInvestmentProperty 2023-09-30 12206532 d:CurrentFinancialInstruments 2024-09-30 12206532 d:CurrentFinancialInstruments 2023-09-30 12206532 d:Non-currentFinancialInstruments 2024-09-30 12206532 d:Non-currentFinancialInstruments 2023-09-30 12206532 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12206532 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12206532 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 12206532 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 12206532 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 12206532 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 12206532 d:ShareCapital 2023-10-01 2024-09-30 12206532 d:ShareCapital 2024-09-30 12206532 d:ShareCapital 2022-10-01 2023-09-30 12206532 d:ShareCapital 2023-09-30 12206532 d:ShareCapital 2022-10-01 12206532 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 12206532 d:RetainedEarningsAccumulatedLosses 2024-09-30 12206532 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 12206532 d:RetainedEarningsAccumulatedLosses 2023-09-30 12206532 d:RetainedEarningsAccumulatedLosses 2022-10-01 12206532 c:FRS102 2023-10-01 2024-09-30 12206532 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12206532 c:FullAccounts 2023-10-01 2024-09-30 12206532 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12206532 2 2023-10-01 2024-09-30 12206532 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 12206532











GRAPETREE INVESTMENTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
For the year ended 30 SEPTEMBER 2024



















FLETCHER & PARTNERS
CHARTERED ACCOUNTANTS
SALISBURY

 
GRAPETREE INVESTMENTS LIMITED
REGISTERED NUMBER:12206532

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
14,247,772
14,067,772

  
14,247,772
14,067,772

Current assets
  

Debtors: amounts falling due within one year
 6 
199,554
111,113

Cash at bank and in hand
 7 
788,198
558,710

  
987,752
669,823

Creditors: amounts falling due within one year
 8 
(3,097,182)
(2,558,495)

Net current liabilities
  
 
 
(2,109,430)
 
 
(1,888,672)

Total assets less current liabilities
  
12,138,342
12,179,100

Creditors: amounts falling due after more than one year
 9 
(11,964,000)
(11,964,000)

  

Net assets
  
174,342
215,100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
174,242
215,000

  
174,342
215,100


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


P J J Byng
Director

Date: 24 June 2025

The notes on pages 5 to 9 form part of these financial statements.
Page 1

 
GRAPETREE INVESTMENTS LIMITED
REGISTERED NUMBER:12206532

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024


Page 2

 
GRAPETREE INVESTMENTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2023
100
215,000
215,100


Comprehensive income for the year

Profit for the year

-
239,242
239,242


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
239,242
239,242


Contributions by and distributions to owners

Dividends: Equity capital
-
(280,000)
(280,000)


Total transactions with owners
-
(280,000)
(280,000)


At 30 September 2024
100
174,242
174,342


The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
GRAPETREE INVESTMENTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2022
100
209,092
209,192


Comprehensive income for the year

Profit for the year

-
245,908
245,908


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
245,908
245,908


Contributions by and distributions to owners

Dividends: Equity capital
-
(240,000)
(240,000)


Total transactions with owners
-
(240,000)
(240,000)


At 30 September 2023
100
215,000
215,100


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
GRAPETREE INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Grapetree Investments Limited is a private company limited by shares and incorporated in England and Wales with the registered number 12206532. Its registered office is at The Estate Office, Wrotham Park, Barnet EN5 4SB.  Its principal activity is property investment and management. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
GRAPETREE INVESTMENTS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 6

 
GRAPETREE INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
14,067,772


Additions at cost
180,000



At 30 September 2024
14,247,772

The 2024 valuations were made by the directors, on an open market value for existing use basis.

In the directors' view, at the Balance Sheet Date the value of the property had not changed materially since its purchase in November 2019, December 2021 and the subsequent purchase in December 2022.



At 30 September 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
14,247,772
14,067,772

Accumulated depreciation and impairments
(1,018,397)
(733,368)

13,229,375
13,334,404


6.


Debtors

2024
2023
£
£


Trade debtors
144,478
92,457

Other debtors
43,510
5,261

Prepayments and accrued income
11,566
13,395

199,554
111,113


Page 7

 
GRAPETREE INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
788,198
558,710

788,198
558,710



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
161,644
140,373

Trade creditors
106,130
45,993

Corporation tax
79,748
69,398

Other taxation and social security
2,551
36,235

Other creditors
2,643,010
2,234,924

Accruals and deferred income
104,099
31,572

3,097,182
2,558,495



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,964,000
11,964,000

11,964,000
11,964,000


The following liabilities were secured:

2024
2023
£
£



Bank loan
11,964,000
11,964,000

11,964,000
11,964,000

Details of security provided:

The bank loan is secured by a charge over property belonging to the director.

Page 8

 
GRAPETREE INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loan
11,964,000
11,964,000


11,964,000
11,964,000


11,964,000
11,964,000



Page 9