Graceheath (2) Limited 06627020 true 2024-07-01 2025-06-30 2025-06-30 The principal activity of the company is Buying and selling own real estate Digita Accounts Production Advanced 6.30.9574.0 true Mr Moti Friedlander 06627020 2024-07-01 2025-06-30 06627020 2025-06-30 06627020 core:RetainedEarningsAccumulatedLosses 2025-06-30 06627020 core:ShareCapital 2025-06-30 06627020 core:CurrentFinancialInstruments 2025-06-30 06627020 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 06627020 core:LandBuildings 2025-06-30 06627020 bus:FRS102 2024-07-01 2025-06-30 06627020 bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 06627020 bus:FullAccounts 2024-07-01 2025-06-30 06627020 bus:RegisteredOffice 2024-07-01 2025-06-30 06627020 bus:Director1 2024-07-01 2025-06-30 06627020 bus:EntityNoLongerTradingButTradedInPast 2024-07-01 2025-06-30 06627020 bus:Consolidated 2024-07-01 2025-06-30 06627020 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 06627020 core:FurnitureFittings 2024-07-01 2025-06-30 06627020 countries:EnglandWales 2024-07-01 2025-06-30 06627020 2024-06-30 06627020 core:LandBuildings 2024-06-30 06627020 2023-07-01 2024-06-30 06627020 2024-06-30 06627020 core:RetainedEarningsAccumulatedLosses 2024-06-30 06627020 core:ShareCapital 2024-06-30 06627020 core:CurrentFinancialInstruments 2024-06-30 06627020 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 06627020 core:LandBuildings 2024-06-30 iso4217:GBP xbrli:pure

Registration number: 06627020

Graceheath (2) Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

Graceheath (2) Limited

Profit and Loss Account for the Year Ended 30 June 2025

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Graceheath (2) Limited

(Registration number: 06627020)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | 50,000 | 50,000
Current assets |  |  |
Debtors | 4 | 130,276 | 156,147
Cash at bank and in hand |  | 6,022 | 724
|  | 136,298 | 156,871
Creditors: Amounts falling due within one year | 5 | (49,994) | (70,567)
Net current assets |  | 86,304 | 86,304
Net assets |  | 136,304 | 136,304
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | 136,303 | 136,303
Shareholders' funds |  | 136,304 | 136,304

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 23 March 2026

......................................... Mr Moti Friedlander Director

Graceheath (2) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 Rodborough Road
London
London
NW11 8RY
England

The principal place of business is:
24 Stamford Hill
London
Greater London
N16 6XZ
United Kingdom

These financial statements were authorised for issue by the director on 23 March 2026.

2 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

3 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
At 1 July 2024 | 50,000 | 50,000
At 30 June 2025 | 50,000 | 50,000
Depreciation
Carrying amount
At 30 June 2025 | 50,000 | 50,000
At 30 June 2024 | 50,000 | 50,000

Included within the net book value of land and buildings above is £50,000 (2024 - £50,000) in respect of freehold land and buildings.

4 | Debtors

Graceheath (2) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Current | 2025 £ | 2024 £
Other debtors | 130,276 | 156,147
| 130,276 | 156,147

5 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 6 | 18,129 | 21,103
Amounts due to related parties |  | - | 17,599
Accruals |  | 11,000 | 11,000
Income tax liability |  | 20,865 | 20,865
|  | 49,994 | 70,567

6 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 18,125 | 21,103
Bank overdrafts | 4 | -
| 18,129 | 21,103

7 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Graceheath (2) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures & Fittings | 15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Graceheath (2) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.