Registered Number 03780502

GRAF PROPERTIES LTD

Abbreviated Accounts

30 September 2014

GRAF PROPERTIES LTD Registered Number 03780502

Abbreviated Balance Sheet as at 30 September 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 910,122 1,082,065
910,122 1,082,065
Current assets
Debtors 1,556 3,724
Cash at bank and in hand 28,683 23,047
30,239 26,771
Creditors: amounts falling due within one year (14,047) (13,805)
Net current assets (liabilities) 16,192 12,966
Total assets less current liabilities 926,314 1,095,031
Creditors: amounts falling due after more than one year (844,687) (972,693)
Total net assets (liabilities) 81,627 122,338
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 81,527 122,238
Shareholders' funds 81,627 122,338
  • For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 June 2015

And signed on their behalf by:
Mrs G A Holley, Director

GRAF PROPERTIES LTD Registered Number 03780502

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates so as to write off the cost of each asset over its estimated useful life as follows:
Furniture & Fittings - 25%pa Reducing Balance
The leasehold properties are included in the Balance Sheet at their original purchase price and are
not depreciated. The market value of the properties is in the opinion of the Directors in excess of the
purchase price. This treatment is not in accordance with the Companies Act 2006, but in the opinion
of the Directors is necessary to give a true and fair view of the financial position of the company.

Other accounting policies
Deferred Tax arises as a result of including items of expenditure in taxation computations in periods different from those in which they were included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the tax rate expected to apply when the timing differences reverse, based on current tax rates and laws.

2 Tangible fixed assets
£
Cost
At 1 October 2013 1,085,101
Additions 1,892
Disposals (173,788)
Revaluations -
Transfers -
At 30 September 2014 913,205
Depreciation
At 1 October 2013 3,036
Charge for the year 47
On disposals -
At 30 September 2014 3,083
Net book values
At 30 September 2014 910,122
At 30 September 2013 1,082,065
3 Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100

All shares are fully paid.

4Transactions with directors

Name of director receiving advance or credit: Mrs G A Holley
Description of the transaction: Short Term Loan
Balance at 1 October 2013: £ 366
Advances or credits made: £ 5,703
Advances or credits repaid: -
Balance at 30 September 2014: £ 6,069

This loan carries no interest and is repayable on demand.


Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.