Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-31 2025-01-31 2024-02-01 2 false No description of principal activity 2 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09379855 2024-02-01 2025-01-31 09379855 2023-02-01 2024-01-31 09379855 2025-01-31 09379855 2024-01-31 09379855 2023-02-01 09379855 c:Director1 2024-02-01 2025-01-31 09379855 d:OfficeEquipment 2024-02-01 2025-01-31 09379855 d:OfficeEquipment 2025-01-31 09379855 d:OfficeEquipment 2024-01-31 09379855 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 09379855 d:FreeholdInvestmentProperty 2025-01-31 09379855 d:FreeholdInvestmentProperty 2024-01-31 09379855 d:CurrentFinancialInstruments 2025-01-31 09379855 d:CurrentFinancialInstruments 2024-01-31 09379855 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 09379855 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09379855 d:ShareCapital 2025-01-31 09379855 d:ShareCapital 2024-01-31 09379855 d:SharePremium 2025-01-31 09379855 d:SharePremium 2024-01-31 09379855 d:InvestmentPropertiesRevaluationReserve 2025-01-31 09379855 d:InvestmentPropertiesRevaluationReserve 2024-01-31 09379855 d:RetainedEarningsAccumulatedLosses 2025-01-31 09379855 d:RetainedEarningsAccumulatedLosses 2024-01-31 09379855 c:OrdinaryShareClass1 2024-02-01 2025-01-31 09379855 c:OrdinaryShareClass1 2025-01-31 09379855 c:OrdinaryShareClass1 2024-01-31 09379855 c:FRS102 2024-02-01 2025-01-31 09379855 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 09379855 c:FullAccounts 2024-02-01 2025-01-31 09379855 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09379855 6 2024-02-01 2025-01-31 09379855 d:AcceleratedTaxDepreciationDeferredTax 2025-01-31 09379855 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 09379855 e:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09379855 GRAYMAC LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
GRAYMAC LIMITED REGISTERED NUMBER: 09379855 BALANCE SHEET AS AT 31 JANUARY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 3,138 |  | 3,501
Investments | 5 |  | - |  | 7,263
Investment property | 6 |  | 1,690,000 |  | 1,690,000
|  |  | 1,693,138 |  | 1,700,764
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 2,618 |  | 1,275 |
Cash at bank and in hand |  | 459,875 |  | 495,052 |
|  | 462,493 |  | 496,327 |
Creditors: amounts falling due within one year | 8 | (92,285) |  | (81,693) |
Net current assets |  |  | 370,208 |  | 414,634
Total assets less current liabilities |  |  | 2,063,346 |  | 2,115,398
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 |  | (121,247) |  | (121,247)
Net assets |  |  | £1,942,099 |  | £1,994,151
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 661,150 |  | 661,150
Share premium account |  |  | 6,746 |  | 6,746
Investment property reserve |  |  | 417,530 |  | 417,530
Profit and loss account |  |  | 856,673 |  | 908,725
|  |  | £1,942,099 |  | £1,994,151
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. Page 1
GRAYMAC LIMITED REGISTERED NUMBER: 09379855 BALANCE SHEET (CONTINUED) AS AT 31 JANUARY 2025 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:
G D Obrart
Director
Date: 11 October 2025
The notes on pages 3 to 8 form part of these financial statements. Page 2
GRAYMAC LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
1. | General information
Graymac Limited ("the company") is a private company limited by shares, incorporated in England and Wales. Its registered number is 09379855. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA. 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 following principal accounting policies have been applied:
| 2.2 | Going concern
The accounts have been prepared on a going concern basis.
| 2.3 | Revenue recognition
The company receives rental income in respect of its investment properties. 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: - the amount of revenue can be measured reliably; - it is probable that the company will receive the consideration due under the lease; - the costs incurred can be measured reliably. The company considers that rental income becomes payable in accordance with the occupancy of the properties by its tenants, and recognises revenue accordingly. Page 3
GRAYMAC LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.4 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.5 | 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. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 25% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income. Page 4
GRAYMAC LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.6 | Investment property
Investment property is carried at fair value determined annually 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 classified as other comprehensive income and are recognised in the statement of comprehensive income.
| 2.7 | Valuation of investments
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.8 | Debtors
Short term debtors are measured at transaction price, 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 transaction price.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
Page 5
GRAYMAC LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
4. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost |
| At 1 February 2024 | 4,946
| At 31 January 2025 | 4,946
| Depreciation |
| At 1 February 2024 | 1,445
| Charge for the year on owned assets | 363
| At 31 January 2025 | 1,808
| Net book value |
| At 31 January 2025 | £3,138
| At 31 January 2024 | £3,501
5. | Fixed asset investments
|  | Investments in associates
|  | £
| Cost |
| At 1 February 2024 | 7,263
| Disposals | (7,263)
| At 31 January 2025 | £-
Page 6
GRAYMAC LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 February 2024 | 1,690,000
| At 31 January 2025 | 1,690,000
The 2025 valuations were made by the directors, on an open market value for existing use basis. All investment properties are held for use in operating leases.
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 914 | -
| Other debtors | 756 | -
| Prepayments and accrued income | 948 | 1,275
|  | £2,618 | £1,275
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 1,986 | 376
| Corporation tax | - | 5,145
| Other creditors | 88,799 | 74,672
| Accruals and deferred income | 1,500 | 1,500
|  | £92,285 | £81,693
Page 7
GRAYMAC LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
9. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (121,247) | (121,247)
| At end of year | £(121,247) | £(121,247)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Revalued investment properties | £121,247 | £121,247
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 661,150 (2024 - 661,150) Ordinary shares of £1 each | £661,150 | £661,150
11. | Related party transactions
| As at the balance sheet date, the company owed the director £88,799 (2024 - £74,672). Directors had interests in dividends declared during the year of £58,000 (2024 - £96,000).
Page 8