TAYLA GRACE PROPERTY LTD - Accounts to registrar (filleted)

REGISTERED NUMBER: 13392442 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024

FOR

TAYLA GRACE PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms A M Chalmers

REGISTERED OFFICE:

Unit 4, Imperial Court

Magellan Close

Andover

SP10 5NT

REGISTERED NUMBER:

13392442 (England and Wales)

ACCOUNTANTS:

Landi Accounting Limited

62 Stakes Road

Purbrook

Waterlooville

Hampshire

PO7 5NT

FIXED ASSETS

Investment property

4

1,065,650

957,197

CURRENT ASSETS

Debtors

5

8,171

7,253

Cash at bank

10,609

2,630

18,780

9,883

CREDITORS

Amounts falling due within one year

6

516,926

380,848

NET CURRENT LIABILITIES

(498,146

)

(370,965

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

567,504

586,232

CREDITORS

Amounts falling due after more than one
year

7

554,625

NET ASSETS

12,879

31,607

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

8

150,000

Retained earnings

(137,221

)

(118,493

)

12,879

31,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

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

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Ms A M Chalmers - Director

1.	STATUTORY INFORMATION

TAYLA GRACE PROPERTY LTD 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 as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

957,197

Additions

108,453

At 31 December 2024

1,065,650

NET BOOK VALUE

At 31 December 2024

1,065,650

At 31 May 2024

957,197

Fair value at 31 December 2024 is represented by:

£

Valuation in 2023

908,000

Valuation in 2024

49,197

Valuation in 2024

108,453

1,065,650

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.5.24

£

Other debtors

8,171

7,253

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.5.24

£

Other loans

121,096

-

Trade creditors

11,992

5,801

Directors' current accounts

383,838

375,047

516,926

380,848

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.5.24

£

Bank loans more 5 yr by instal

554,625

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

554,625

8.

RESERVES

Revaluation

reserve

£

At 1 June 2024

and 31 December 2024

150,000

9.	RELATED PARTY DISCLOSURES

During the year capital of £8790 was introduced by A Chalmers as a directors loan. This is in addition to the £375,047 in previous years.

Also during the year £120,000 was loaned to the company by Harpar Grace International Ltd a company under common ownership and control.