ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

GRAFTONGATE (LEAMINGTON SPA) LIMITED - Company Information

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Caseware UK (AP4) 2019.0.131 2019.0.131 2019-09-302019-09-30true2018-10-01trueNo description of principal activityfalse 09679567 2018-10-01 2019-09-30 09679567 2019-09-30 09679567 2018-09-30 09679567 c:Director3 2018-10-01 2019-09-30 09679567 d:CurrentFinancialInstruments 2019-09-30 09679567 d:CurrentFinancialInstruments 2018-09-30 09679567 d:CurrentFinancialInstruments d:WithinOneYear 2019-09-30 09679567 d:CurrentFinancialInstruments d:WithinOneYear 2018-09-30 09679567 d:ShareCapital 2019-09-30 09679567 d:ShareCapital 2018-09-30 09679567 d:RetainedEarningsAccumulatedLosses 2019-09-30 09679567 d:RetainedEarningsAccumulatedLosses 2018-09-30 09679567 c:OrdinaryShareClass1 2018-10-01 2019-09-30 09679567 c:OrdinaryShareClass1 2019-09-30 09679567 c:OrdinaryShareClass1 2018-09-30 09679567 c:EntityHasNeverTraded 2018-10-01 2019-09-30 09679567 c:FRS102 2018-10-01 2019-09-30 09679567 c:AuditExempt-NoAccountantsReport 2018-10-01 2019-09-30 09679567 c:FullAccounts 2018-10-01 2019-09-30 09679567 c:PrivateLimitedCompanyLtd 2018-10-01 2019-09-30 09679567 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2018-10-01 2019-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09679567









GRAFTONGATE (LEAMINGTON SPA) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2019
 
GRAFTONGATE (LEAMINGTON SPA) LIMITED
REGISTERED NUMBER: 09679567

BALANCE SHEET
AS AT 30 SEPTEMBER 2019

2019
2018
Note
£
£

  

Current assets
  

Cash at bank and in hand
 3 
100
3,016

  
100
3,016

Creditors: amounts falling due within one year
 4 
-
(100)

Net current assets
  
 
 
100
 
 
2,916

Total assets less current liabilities
  
100
2,916

  

Net assets
  
100
2,916


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
-
2,816

  
100
2,916


For the year ended 30 September 2019 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 June 2020.


P J Silk
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
GRAFTONGATE (LEAMINGTON SPA) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the
United Kingdom, registration number 09679567. The Company's registered office is The Old Forge, High
Street, Henley-In-Arden, B95 5AA.
The financial statements are presented in sterling which is the functional currency of the company and the
financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a
cash flow statement on the grounds that it qualifies as a small company.

 
2.2

Taxation

Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that
Page 2
 
GRAFTONGATE (LEAMINGTON SPA) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

2.Accounting policies (continued)


2.5
Financial instruments (continued)

are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Cash and cash equivalents

2019
2018
£
£

Cash at bank and in hand
100
3,016

100
3,016



4.


Creditors: Amounts falling due within one year

2019
2018
£
£

Trade creditors
-
100

-
100



5.


Share capital

2019
2018
£
£
Allotted, called up and fully paid



100 (2018 - 100) Ordinary shares of £1.00 each
100
100

 
Page 3