Gramdon Services Limited - Accounts to registrar (filleted) - small 18.2
Gramdon Services Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st January 2020 |
| for |
| Gramdon Services Limited |
| Gramdon Services Limited (Registered number: 02737801) |
| Contents of the Financial Statements |
| for the Year Ended 31st January 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Gramdon Services Limited |
| Company Information |
| for the Year Ended 31st January 2020 |
| DIRECTORS: |
| SECRETARY: | A J Gallagher |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| First Floor |
| 87 Kenton Road |
| Harrow |
| Middlesex |
| HA3 0AH |
| Gramdon Services Limited (Registered number: 02737801) |
| Balance Sheet |
| 31st January 2020 |
| 31.1.20 | 31.1.19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| Gramdon Services Limited (Registered number: 02737801) |
| Balance Sheet - continued |
| 31st January 2020 |
| 31.1.20 | 31.1.19 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Gramdon Services Limited (Registered number: 02737801) |
| Notes to the Financial Statements |
| for the Year Ended 31st January 2020 |
| 1. | STATUTORY INFORMATION |
| Gramdon Services Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover shown in profit and loss accounts represents rental income which is recognised as receivable rents for the year. |
| Investment property |
| Investment properties are freeholds/leasehold properties held to earn rental income and for capital appreciation. Investment properties are stated in the balance sheet at open market value. Changes in market value are recognised as revaluation gains and go to the profit and loss. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2019 - NIL). |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st February 2019 |
| Revaluations | 50,000 |
| At 31st January 2020 |
| NET BOOK VALUE |
| At 31st January 2020 |
| At 31st January 2019 |
| The Investment properties have been valued by the directors which is at their market values. |
| Gramdon Services Limited (Registered number: 02737801) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st January 2020 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.20 | 31.1.19 |
| £ | £ |
| Rent Receivable | 147,808 | 185,505 |
| Other debtors |
| Horsley Estate Ltd | 1,271,307 | 655,440 |
| Vadsala Ltd | 1,385,789 | 1,274,305 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.20 | 31.1.19 |
| £ | £ |
| Bank loans < 1 year (see note 8) |
| CorporationTax |
| Other Creditors |
| Tenants' Deposit | 90,591 | 65,799 |
| Directors' current accounts | 655 | 655 |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.1.20 | 31.1.19 |
| £ | £ |
| Bank loans (see note 8) |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| AIB Loan more than 5 year | - | 185,146 |
| 8. | LOANS |
| During the year a loan for £1.5m was taken which had an interest rate of 3% above base and is for five years. |
| There ia a first legal mortgage over the freehold property at Units 41-59 Kensington Church Street London W8 4BA which is in the name of Gramdon Services Limited. |
| Gramdon Services Limited (Registered number: 02737801) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st January 2020 |
| 9. | PROVISIONS FOR LIABILITIES |
| 31.1.20 | 31.1.19 |
| £ | £ |
| Deferred tax | 916,880 | 960,587 |
| Deferred |
| tax |
| £ |
| Balance at 1st February 2019 |
| Provided during year | ( |
) |
| Balance at 31st January 2020 |
| 10. | TRANSACTIONS WITH DIRECTORS |
| The following advances and credits to directors subsisted during the years ended 31st January 2020 and 31st January 2019: |
| 31.1.20 | 31.1.19 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Gramdon Services Limited (Registered number: 02737801) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st January 2020 |
| 11. | RELATED PARTY DISCLOSURES |
| The following transactions were with related parties: |
Vadsala Ltd |
Horsley Estate Ltd |
| £ | £ |
| Balance as at 01/02/2019 | 1,274,305 | 655,440 |
| Received | - |
| Paid | 111,484 | 615,867 |
| Balance as at 31/01/2020 | 1,385,789 | 1,271,307 |
| Vadsala Ltd |
| £111,484 includes £67,484 interest receivable on the loan at 5.25% |
| Horsley Estate Ltd |
| £615,867 includes £48,976 interest receivable on the loan at 5.25% |