Grace Chapman Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12199816

Grace Chapman Ltd

Filleted Unaudited Financial Statements

For the period ended

31 March 2025

Grace Chapman Ltd

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Grace Chapman Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		2,576,569	2,576,569

Current assets

Debtors	6	1,956	1,228
Cash at bank and in hand		207,922	95,492
		----------	--------
		209,878	96,720

Creditors: amounts falling due within one year	7	( 36,895)		( 21,044)
		----------		--------
Net current assets			172,983	75,676
			-------------	-------------
Total assets less current liabilities			2,749,552	2,652,245

Creditors: amounts falling due after more than one year	8	( 2,562,794)	( 2,599,626)
		-------------	-------------
Net assets		186,758	52,619
		-------------	-------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	186,658	52,519
	----------	--------
Shareholders funds	186,758	52,619
	----------	--------

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 income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

Grace Chapman Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 5 December 2025 , and are signed on behalf of the board by:

Mr I W Screeton

Director

Company registration number: 12199816

Grace Chapman Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/o Screetons, 25 Bridgegate, Howden, Goole, DN14 7AA, England.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) 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.

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Current 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 be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

(d) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

4. Employee numbers

The average number of persons employed by the company during the year, including the directors, amounted to 2.

5. Tangible assets

	Freehold property
	£
Cost
At 1 April 2024 and 31 March 2025	2,576,569
	-------------
Depreciation
At 1 April 2024 and 31 March 2025	–
	-------------
Carrying amount
At 31 March 2025	2,576,569
	-------------
At 31 March 2024	2,576,569
	-------------

6. Debtors

	2025	2024
	£	£
Trade debtors	1,956	–
VAT repayable	–	1,228
	-------	-------
	1,956	1,228
	-------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans	8,333	8,333
Accruals	12,781	12,711
Corporation tax	14,500	–
VAT liability	1,281	–
	--------	--------
	36,895	21,044
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	1,254,761	1,264,945
Director loan accounts	1,308,033	1,334,681
	-------------	-------------
	2,562,794	2,599,626
	-------------	-------------

9. Related party transactions

During the year the directors made available loans to the company . At the balance sheet date the total balance owed was £ 1,308,033 . The loans are not repayable before 31 March 2026. No interest was charged during the year.