COMPANY REGISTRATION NUMBER:
14448517
|
Gradus Property Consultancy Ltd |
|
|
Filleted Unaudited Financial Statements |
|
|
Gradus Property Consultancy Ltd |
|
|
Statement of Financial Position |
|
30 April 2025
|
30 Apr 25 |
31 Oct 23 |
|
Note |
£ |
£ |
£ |
|
|
|
|
Fixed assets
Current assets
|
Debtors |
6 |
– |
|
217,311 |
|
Cash at bank and in hand |
121 |
|
7 |
|
---- |
|
--------- |
|
121 |
|
217,318 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
41,154 |
|
217,375 |
|
-------- |
|
--------- |
|
Net current liabilities |
|
41,033 |
57 |
|
|
-------- |
---- |
|
Total assets less current liabilities |
|
(
41,031) |
(
57) |
|
|
-------- |
---- |
|
Net liabilities |
|
(
41,031) |
(
57) |
|
|
-------- |
---- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
8 |
|
1 |
1 |
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Profit and loss account |
|
(
41,032) |
(
58) |
|
|
-------- |
---- |
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Shareholders deficit |
|
(
41,031) |
(
57) |
|
|
-------- |
---- |
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|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Gradus Property Consultancy Ltd |
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Statement of Financial Position (continued) |
|
30 April 2025
These financial statements were approved by the
board of directors
and authorised for issue on
5 August 2026
, and are signed on behalf of the board by:
Company registration number:
14448517
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Gradus Property Consultancy Ltd |
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|
Notes to the Financial Statements |
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Period from 1 November 2023 to 30 April 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis. The directors have confirmed their intention to provide financial support to the Company as required to enable it to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements.
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. Profit is recognised when there is a reliable estimate for the profit to be calculated.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
(2023:
1
).
5.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 1 November 2023 |
– |
|
Additions |
2 |
|
---- |
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At 30 April 2025 |
2 |
|
---- |
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Impairment |
|
|
At 1 November 2023 and 30 April 2025 |
– |
|
---- |
|
|
|
Carrying amount |
|
|
At 30 April 2025 |
2 |
|
---- |
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At 31 October 2023 |
– |
|
---- |
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|
6.
Debtors
|
30 Apr 25 |
31 Oct 23 |
|
£ |
£ |
|
Other debtors |
– |
217,311 |
|
---- |
--------- |
|
|
|
Prior year other debtors includes work in progress in relation to a property.
7.
Creditors:
amounts falling due within one year
|
30 Apr 25 |
31 Oct 23 |
|
£ |
£ |
|
Bank loans and overdrafts |
– |
163,841 |
|
Amounts owed to group undertakings |
– |
1,584 |
|
Accruals and deferred income |
3,000 |
– |
|
Social security and other taxes |
275 |
– |
|
Director loan accounts |
37,879 |
51,950 |
|
-------- |
--------- |
|
41,154 |
217,375 |
|
-------- |
--------- |
|
|
|
8.
Called up share capital
Issued, called up and fully paid
|
30 Apr 25 |
31 Oct 23 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
|
---- |
---- |
---- |
---- |
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9.
Related party transactions
At the year end, the company owed a director £37,879 (2023: £51,950), representing the balance on the director's loan account.