Grace Land Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06846807 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

Grace Land Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Akerlund

A Chatwin

M Francis-Baum

SECRETARY:

REGISTERED OFFICE:

130 Railway Arches

Macfarlane Road

London

W12 7LA

REGISTERED NUMBER:

06846807 (England and Wales)

ACCOUNTANTS:

Hammel Accountancy Services Limited

130 Railway Arches

Macfarlane Road

London

W12 7LA

FIXED ASSETS

Tangible assets

4

13,530

17,914

Investments

5

6,000

6,000

19,530

23,914

CURRENT ASSETS

Debtors

6

821,574

611,584

Prepayments and accrued income

2,732

-

Cash in hand

1,037

6,137

825,343

617,721

CREDITORS

Amounts falling due within one year

7

156,786

17,799

NET CURRENT ASSETS

668,557

599,922

TOTAL ASSETS LESS CURRENT LIABILITIES

688,087

623,836

CREDITORS

Amounts falling due after more than one year

8

(411,596

)

(317,000

)

PROVISIONS FOR LIABILITIES

(392

)

(392

)

NET ASSETS

276,099

306,444

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

274,099

304,444

276,099

306,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 March 2020 and were signed on its behalf by:

J A Akerlund - Director

1.	STATUTORY INFORMATION

Grace Land Group Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2018

and 30 June 2019

24,388

DEPRECIATION

At 1 July 2018

6,474

Charge for year

4,384

At 30 June 2019

10,858

NET BOOK VALUE

At 30 June 2019

13,530

At 30 June 2018

17,914

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2018

and 30 June 2019

6,000

NET BOOK VALUE

At 30 June 2019

6,000

At 30 June 2018

6,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Amounts owed by group undertakings

468,878

575,593

Other debtors

352,696

35,991

821,574

611,584

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade creditors

(1

)

5,160

Taxation and social security

3,498

7,972

Other creditors

153,289

4,667

156,786

17,799

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.19

30.6.18

£

£

Bank loans

411,596

317,000