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Company Registration No. 10464723 (England and Wales)
GRACE FIRST ATLANTIC PROPERTIES LIMITED Unaudited accounts for the year ended 30 November 2025
GRACE FIRST ATLANTIC PROPERTIES LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GRACE FIRST ATLANTIC PROPERTIES LIMITED Company Information for the year ended 30 November 2025
Director
OLUSEGUN OLAWANLE ADESUYI
Company Number
10464723 (England and Wales)
Registered Office
279 NEWMARSH ROAD LONDON SE28 8TE ENGLAND
Accountants
Vakt & Co limited 279 Newmarsh Road London SE28 8TE
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GRACE FIRST ATLANTIC PROPERTIES LIMITED Statement of financial position as at 30 November 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
310,203 
300,203 
Current assets
Cash at bank and in hand
- 
39,446 
Creditors: amounts falling due within one year
5
- 
22,811 
Net current assets
- 
62,257 
Total assets less current liabilities
310,203 
362,460 
Creditors: amounts falling due after more than one year
6
(320,593)
(372,850)
Net liabilities
(10,390)
(10,390)
Capital and reserves
Called up share capital
2,603 
2,603 
Profit and loss account
(12,993)
(12,993)
Shareholders' funds
(10,390)
(10,390)
For the year ending 30 November 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 August 2026 and were signed on its behalf by
OLUSEGUN OLAWANLE ADESUYI Director Company Registration No. 10464723
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GRACE FIRST ATLANTIC PROPERTIES LIMITED Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
GRACE FIRST ATLANTIC PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10464723. The registered office is 279 NEWMARSH ROAD, LONDON, SE28 8TE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Land at Beyer Close, Gorton
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At valuation 
At 1 December 2024
300,203 
Revaluations
10,000 
At 30 November 2025
310,203 
Depreciation
At 30 November 2025
- 
Net book value
At 30 November 2025
310,203 
At 30 November 2024
300,203 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
- 
(9,158)
Other creditors
- 
(13,653)
- 
(22,811)
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GRACE FIRST ATLANTIC PROPERTIES LIMITED Notes to the Accounts for the year ended 30 November 2025
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
11,668 
11,668 
Loans from directors
308,925 
361,182 
320,593 
372,850 
This consist of funds borrowed from Together Finance and Bounce back Loan
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
OLUSEGUN OLAWANLE ADESUYI
Director loan to the company
361,182 
- 
- 
361,182 
361,182 
- 
- 
361,182 
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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