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Registered number: 00580663
Grafton Flats Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00580663
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,006,244 2,006,659
2,006,244 2,006,659
CURRENT ASSETS
Debtors 5 426,513 582,604
Investments 6 118,390 118,390
Cash at bank and in hand 16,647 12,864
561,550 713,858
Creditors: Amounts Falling Due Within One Year 7 (34,923 ) (79,615 )
NET CURRENT ASSETS (LIABILITIES) 526,627 634,243
TOTAL ASSETS LESS CURRENT LIABILITIES 2,532,871 2,640,902
Creditors: Amounts Falling Due After More Than One Year 8 (1,001,000 ) (1,025,000 )
NET ASSETS 1,531,871 1,615,902
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 1,059,108 1,059,108
Profit and Loss Account 472,663 556,694
SHAREHOLDERS' FUNDS 1,531,871 1,615,902
Page 1
Page 2
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Joanna Grant
Director
10th December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Grafton Flats Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00580663 . The registered office is 3 Pouparts Place, Twickenham, TW2 5FR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
Fixtures & Fittings 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 2,005,000 62,607 2,067,607
As at 31 March 2025 2,005,000 62,607 2,067,607
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2024 - 60,948 60,948
Provided during the period - 415 415
As at 31 March 2025 - 61,363 61,363
Net Book Value
As at 31 March 2025 2,005,000 1,244 2,006,244
As at 1 April 2024 2,005,000 1,659 2,006,659
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,221 5,690
Prepayments and accrued income (15 ) (15 )
3,206 5,675
Due after more than one year
Other debtors Cooper & Chapman (Debtors > 1 year) 2,259 2,259
Other debtors Owed by Pouparts (Debtors > 1 year) 499,048 482,670
Other debtors Owed by Freysets (Debtors > 1 year) (90,000 ) 85,000
Other debtors Owed by Finesse (Debtors > 1 year) 12,000 7,000
423,307 576,929
426,513 582,604
6. Current Asset Investments
2025 2024
£ £
Shares in subsidiaries 118,390 118,390
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 9,449 9,206
VAT 1,983 1,983
Other creditors (1) Fluid 20,000 35,000
Accruals and deferred income 1,325 1,260
Directors' loan accounts 2,166 32,166
34,923 79,615
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans Coutts Loan (Long term liabilities - creditors > 1 year) 1,001,000 1,025,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 April 2024 1,059,108 556,694
Loss for the year and total comprehensive income - (84,031 )
As at 31 March 2025 1,059,108 472,663
Page 5