Grays Learning Centre Limited - Filleted accounts

Registered number

09304094

Grays Learning Centre Limited

Filleted Accounts

30 November 2025

Grays Learning Centre Limited
Registered number:		09304094
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
as restated
Fixed assets
Tangible assets	4		380			507
Investment property	5		349,708			349,708
			350,088			350,215

Current assets
Debtors	6	177,464			175,550
Cash at bank and in hand		36,001			44,869
		213,465			220,419

Creditors: amounts falling due within one year	7	(87,973)			(98,380)

Net current assets			125,492			122,039

Net assets			475,580			472,254

Capital and reserves
Called up share capital			2			2
Profit and loss account			475,578			472,252

Shareholders' funds			475,580			472,254

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Usman Sajid Rahim
Director
Approved by the board on 14 January 2026

Grays Learning Centre Limited
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	25% reducing balance

	Investment properties
	Investment properties are properties held to earn rentals and/or for capital appreciation. The properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in revaluation reserves in the period in which they arise; and no depreciation is provided in respect of investment properties applying the fair value model. Investment property fair value is determined by the director based on his understanding of property market conditions and derived from 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 assets.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Functional and presentation currency
	The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.

	Employee benefits
	Short-term employee benefits Short-term employee benefits are recognised as an expense in the period in which they are incurred. Post-employment defined contribution plans Amounts in respect of defined contributions plans are recognised as an expense as they are incurred. Termination benefits Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.

	Going concern
	The financial statements have been prepared on the basis that the company will receive continued financial support from bank and directors and has adequate resources to continue in operational existence for the foreseeable future.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 December 2024				291,000
	At 30 November 2025				291,000

	Amortisation
	At 1 December 2024				291,000
	At 30 November 2025				291,000

	Net book value
	At 30 November 2025				-


4	Tangible fixed assets
					Fixtures, fittings, tools and equipment
£
	Cost
	At 1 December 2024				1,949
	At 30 November 2025				1,949

	Depreciation
	At 1 December 2024				1,442
	Charge for the year				127
	At 30 November 2025				1,569

	Net book value
	At 30 November 2025				380
	At 30 November 2024				507


5	Investment property

Investment
property
£
	Cost
	At 1 December 2024				349,708

	At 30 November 2025				349,708
	The company's investment property was valued by the director based on his understanding of property market conditions and derived from 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 assets.


6	Debtors		2025		2024
£				£

	Other debtors		177,464		175,550


7	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		48,867		49,879
	Other creditors		39,106		48,501
			87,973		98,380


8	Related party transactions

	Included within other creditors is a directors' loan of £37,787 (2024 - £47,180).


9	Controlling party

	The directors do not consider there to be an ultimate controlling party.


10	Other information

	Grays Learning Centre Limited is a private company limited by shares and incorporated in England. Its registered office is:

	12 London Road
	Grays
	Essex
	RM17 5XY