REGISTERED NUMBER: 04207917 (England and Wales)

Michael D Graham Ltd

Financial Statements

for the Year Ended 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Graham

SECRETARY:

Mrs V Graham

REGISTERED OFFICE:

Stinsford Hill House

Stinsford

Dorchester

Dorset

DT2 8PS

REGISTERED NUMBER:

04207917 (England and Wales)

ACCOUNTANTS:

Read Woodruff

Chartered Accountants

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,913

1,943

Investment property

6

2,355,000

2,130,000

2,358,913

2,131,943

CURRENT ASSETS

Investments

7

1,120,483

825,668

Cash at bank

47,681

71,611

1,168,164

897,279

CREDITORS

Amounts falling due within one year

8

50,302

58,708

NET CURRENT ASSETS

1,117,862

838,571

TOTAL ASSETS LESS CURRENT LIABILITIES

3,476,775

2,970,514

PROVISIONS FOR LIABILITIES

9

115,995

110,321

NET ASSETS

3,360,780

2,860,193

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Fair value reserve

10

920,799

383,036

Retained earnings

2,438,781

2,475,957

3,360,780

2,860,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 31 December 2025 and were signed by:

M Graham - Director

1.	STATUTORY INFORMATION

Michael D Graham 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

33% on reducing balance

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 year 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 year 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.

Fair value reserve

Whilst fair value gains on investment property are taken to the profit and loss account, they are not distributable as dividend to shareholders because the gain is unrealised. The company therefore adopts the policy of transferring the fair value adjustment net/inclusive of the deferred tax charge/credit to a separate account,'fair value reserve'.

Unrealised gains on listed investments are similarly transferred to the fair value reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

315,000

AMORTISATION

At 1 May 2024

and 30 April 2025

315,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 May 2024

9,471

Additions

3,898

At 30 April 2025

13,369

DEPRECIATION

At 1 May 2024

7,528

Charge for year

1,928

At 30 April 2025

9,456

NET BOOK VALUE

At 30 April 2025

3,913

At 30 April 2024

1,943

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

2,130,000

Revaluations

225,000

At 30 April 2025

2,355,000

NET BOOK VALUE

At 30 April 2025

2,355,000

At 30 April 2024

2,130,000

Fair value at 30 April 2025 is represented by:

£

Valuation in 2023

492,871

Valuation in 2025

225,000

Cost

1,637,129

2,355,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

as restated

£

£

Cost

1,637,129

1,637,129

Investment property was valued on a fair value basis on 30 April 2025 by the director .

7.	CURRENT ASSET INVESTMENTS

2025

2024

as restated

£

£

Listed investments

1,120,483

825,668

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade creditors

-

51

UK corporation tax

4,110

9,351

Tax and social security costs

383

-

Other creditors

9,525

9,330

Directors' current accounts

34,250

38,295

Accruals and deferred income

2,034

1,681

50,302

58,708

9.	PROVISIONS FOR LIABILITIES

2025

2024

as restated

£

£

Deferred tax

Accelerated capital allowances

978

486

Capital gains on investment property

115,017

109,835

115,995

110,321

Deferred

tax

£

Balance at 1 May 2024

110,321

Charge to Income Statement during year

5,674

Balance at 30 April 2025

115,995

10.

RESERVES

Fair

value

reserve

£

At 1 May 2024

383,036

Transfer unrealised gain/loss on investments and property to fair value reserve

537,763

At 30 April 2025

920,799

The fair value reserve represents the unrealised gains on carrying investment property at fair value less the deferred tax provision thereon; being unrealised, such amounts are not available to be distributed as dividend to shareholders.

It also includes unrealised gains on listed investment portfolios.