REGISTERED NUMBER: 04207917 (England and Wales)

Michael D Graham Ltd

Financial Statements

for the Year Ended 30 April 2026

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

Unit 2a

Railway Triangle Industrial Estate

Dorchester

Dorset

DT1 2PJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,693

3,913

Investment property

6

2,105,000

2,355,000

2,108,693

2,358,913

CURRENT ASSETS

Investments

7

1,522,214

1,120,483

Cash at bank

99,577

47,681

1,621,791

1,168,164

CREDITORS

Amounts falling due within one year

8

72,517

50,302

NET CURRENT ASSETS

1,549,274

1,117,862

TOTAL ASSETS LESS CURRENT LIABILITIES

3,657,967

3,476,775

PROVISIONS FOR LIABILITIES

9

94,594

115,995

NET ASSETS

3,563,373

3,360,780

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Fair value reserve

10

1,073,974

920,799

Retained earnings

2,488,199

2,438,781

3,563,373

3,360,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 10 September 2026 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 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2025

and 30 April 2026

315,000

AMORTISATION

At 1 May 2025

and 30 April 2026

315,000

NET BOOK VALUE

At 30 April 2026

-

At 30 April 2025

-

5.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 May 2025

13,369

Additions

1,598

At 30 April 2026

14,967

DEPRECIATION

At 1 May 2025

9,456

Charge for year

1,818

At 30 April 2026

11,274

NET BOOK VALUE

At 30 April 2026

3,693

At 30 April 2025

3,913

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2025

2,355,000

Disposals

(250,000

)

At 30 April 2026

2,105,000

NET BOOK VALUE

At 30 April 2026

2,105,000

At 30 April 2025

2,355,000

Fair value at 30 April 2026 is represented by:

£

Valuation in 2025

609,906

Cost

1,495,094

2,105,000

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

2026

2025

£

£

Cost

1,495,094

1,637,129

Investment property was valued on a fair value basis on 30 April 2026 by the director .

7.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

Listed investments

1,522,214

1,120,483

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

UK corporation tax

25,000

4,110

Tax and social security costs

198

383

Other creditors

8,440

9,525

Directors' current accounts

36,429

34,250

Accruals and deferred income

2,450

2,034

72,517

50,302

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

Accelerated capital allowances

923

978

Capital gains on investment property

93,671

115,017

94,594

115,995

Deferred

tax

£

Balance at 1 May 2025

115,995

Credit to Income Statement during year

(21,401

)

Balance at 30 April 2026

94,594

10.

RESERVES

Fair

value

reserve

£

At 1 May 2025

920,799

Gain realised on disposal

(86,619

)

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

239,794

At 30 April 2026

1,073,974

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.