| GRAHAM WELLS LIMITED |
| Registered number: |
05200946 |
| Balance Sheet |
| as at 31 August 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,313 |
|
|
1,641 |
| Investments |
3 |
|
|
2,991,319 |
|
|
3,068,233 |
|
|
|
|
2,992,632 |
|
|
3,069,874 |
|
| Current assets |
| Debtors |
4 |
|
29,632 |
|
|
265,060 |
| Cash at bank and in hand |
|
|
161,282 |
|
|
236,988 |
|
|
|
190,914 |
|
|
502,048 |
|
| Creditors: amounts falling due within one year |
5 |
|
(18,186) |
|
|
(19,156) |
|
| Net current assets |
|
|
|
172,728 |
|
|
482,892 |
|
| Total assets less current liabilities |
|
|
|
3,165,360 |
|
|
3,552,766 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(2,619,582) |
|
|
(2,754,895) |
|
|
|
| Net assets |
|
|
|
545,778 |
|
|
797,871 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100,000 |
|
|
100,000 |
| Revaluation reserve |
7 |
|
|
328,859 |
|
|
334,381 |
| Profit and loss account |
|
|
|
116,919 |
|
|
363,490 |
|
| Shareholders' funds |
|
|
|
545,778 |
|
|
797,871 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Houshang Mark Khosrowpour |
| Director |
| Approved by the board on 23 April 2019 |
|
| GRAHAM WELLS LIMITED |
| Notes to the Accounts |
| for the year ended 31 August 2018 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 September 2017 |
6,339 |
|
At 31 August 2018 |
6,339 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2017 |
4,698 |
|
Charge for the year |
328 |
|
At 31 August 2018 |
5,026 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2018 |
1,313 |
|
At 31 August 2017 |
1,641 |
|
|
| 3 |
Investments |
| Investments in |
| subsidiary |
Other |
| undertakings |
investments |
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 September 2017 |
2,172,096 |
|
896,137 |
|
3,068,233 |
|
Additions |
548,452 |
|
- |
|
548,452 |
|
Revaluation |
- |
|
(29,064) |
|
(29,064) |
|
Disposals |
(596,302) |
|
- |
|
(596,302) |
|
|
At 31 August 2018 |
2,124,246 |
|
867,073 |
|
2,991,319 |
|
|
| 4 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Amounts owed by undertakings in which the director has a participating interest |
|
- |
|
234,875 |
|
Other debtors |
29,632 |
|
30,185 |
|
|
|
|
|
|
29,632 |
|
265,060 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Taxation and social security costs |
15,103 |
|
17,936 |
|
Other creditors |
3,083 |
|
1,220 |
|
|
|
|
|
|
18,186 |
|
19,156 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Shareholder's loan |
2,619,582 |
|
2,754,895 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Revaluation reserve |
2018 |
|
2017 |
| £ |
£ |
|
|
At 1 September 2017 |
334,381 |
|
302,790 |
|
Deferred taxation arising on the revaluation of land and buildings |
(5,522) |
|
31,591 |
|
|
At 31 August 2018 |
328,859 |
|
334,381 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
GRAHAM WELLS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
3 Oldfield Mews, Highgate, London, N6 5XA |
|
Highgate |
|
London |
|
N6 5XA |
