Grappenhall Investments Limited - Accounts to registrar (filleted) - small 23.2.5
Grappenhall Investments Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2021 |
| FOR |
| GRAPPENHALL INVESTMENTS LIMITED |
| GRAPPENHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 03434127) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| GRAPPENHALL INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2021 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Monks Brook House |
| 13 - 17 Hursley Road |
| Chandlers Ford |
| Eastleigh |
| Hampshire |
| SO53 2FW |
| GRAPPENHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 03434127) |
| BALANCE SHEET |
| 30 SEPTEMBER 2021 |
| 30.9.21 | 30.9.20 |
| 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 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| GRAPPENHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 03434127) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2021 |
| 1. | STATUTORY INFORMATION |
| Grappenhall Investments Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the rental income from investment properties. |
| Investment property |
| Investment property is included at fair value. Gains are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold. Deferred tax is not provided where the fair value is lower than the original cost. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 October 2020 |
| and 30 September 2021 |
| NET BOOK VALUE |
| At 30 September 2021 |
| At 30 September 2020 |
| GRAPPENHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 03434127) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2021 |
| 4. | INVESTMENT PROPERTY - continued |
| Fair value at 30 September 2021 is represented by: |
| £ |
| Valuation in 2008 | 764,748 |
| Valuation in 2011 | 230,000 |
| Valuation in 2012 | 180,000 |
| Valuation in 2013 | 205,000 |
| Valuation in 2014 | 165,000 |
| Valuation in 2015 | 215,000 |
| Valuation in 2016 | 180,000 |
| Valuation in 2017 | 200,000 |
| Cost | 1,484,944 |
| 3,624,692 |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Cost | 1,484,944 | 1,484,944 |
| Aggregate depreciation | (571,907 | ) | (512,567 | ) |
| Long leasehold property was valued on an open market basis basis on 30 September 2021 by the director . |
| 5. | DEBTORS |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Amounts falling due within one year: |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| GRAPPENHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 03434127) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2021 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Bank loans |
| Bank loans are secured on the investment properties. |
| 9. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 October 2020 |
| and 30 September 2021 |
| 10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 September 2021 and 30 September 2020: |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| The terms agreed are that the advances are repayable on demand and interest is to be charged on all advances at the official rate where the balance exceeds £10,000 at any time during the year. |
| No interest has been charged during the year as the account remains in credit. |