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REGISTERED NUMBER: 04435159 (England and Wales)















GRS Properties Limited

Unaudited Financial Statements

for the Year Ended 31 March 2018






GRS Properties Limited (Registered number: 04435159)






Contents of the Financial Statements
for the year ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRS Properties Limited

Company Information
for the year ended 31 March 2018







DIRECTOR: GR Smith





REGISTERED OFFICE: Hesketh House
156 Ratten Lane
Hutton
Preston
Lancashire
PR4 5TH





REGISTERED NUMBER: 04435159 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

GRS Properties Limited (Registered number: 04435159)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 60,000 60,000

CURRENT ASSETS
Cash at bank 3,092 -

CREDITORS
Amounts falling due within one year 4 1,833 4,781
NET CURRENT ASSETS/(LIABILITIES) 1,259 (4,781 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,259

55,219

CREDITORS
Amounts falling due after more than one
year

5

32,408

23,250
NET ASSETS 28,851 31,969

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 24,063 24,063
Retained earnings 4,688 7,806
SHAREHOLDERS' FUNDS 28,851 31,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

GRS Properties Limited (Registered number: 04435159)

Balance Sheet - continued
31 March 2018


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 director on 8 November 2018 and were signed by:





GR Smith - Director


GRS Properties Limited (Registered number: 04435159)

Notes to the Financial Statements
for the year ended 31 March 2018

1. STATUTORY INFORMATION

GRS Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents rents receivable.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions
of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are
initially measured at transaction price and are subsequently carried at cost unless the arrangement
indicates otherwise and then the asset is measured at the present value of the future receipts
discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals,
bank loans and group borrowings, are initially recognised at transaction price and are subsequently
carried at cost unless the arrangement indicates otherwise and then the liability is measured at the
present value of the future obligations discounted at a market rate of interest.

Investment properties
In accordance with Statement of Standard Accounting Practice No. 19, the company's properties are
held for long-term investment and are included in the Balance Sheet at their open market values. Any
surplus or deficit on revaluation of such properties is transferred to the investment property revaluation
reserve. Depreciation is not provided in respect of freehold investment properties. This policy
represents a departure from the requirements of the Companies Act, which requires depreciation to be
provided on all fixed assets. The directors consider that this policy is necessary in order that the
financial statements may give a true and fair view because current values and changes in current
values are of prime importance rather than the calculation of systematic annual depreciation.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017
and 31 March 2018 60,000
NET BOOK VALUE
At 31 March 2018 60,000
At 31 March 2017 60,000

The property was valued on an open market basis by Peill and Company as at 10 November 2003 at
£60,000, the directors' value the property at the same amount on an open market basis as at 31 March
2018. On a historical cost basis, freehold property would have been included at £35,937 (2017:
£35,937).

GRS Properties Limited (Registered number: 04435159)

Notes to the Financial Statements - continued
for the year ended 31 March 2018

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts - 2,925
Corporation tax 735 758
Director's loan account 582 582
Accruals and deferred income 516 516
1,833 4,781

The director's loan account is unsecured, bears no interest and has no fixed repayment term.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Director's loan account 32,408 23,250

The director's loan account is unsecured, bears no interest and has no fixed repayment term.

6. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank overdraft - 2,925

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

In the director's opinion the company is controlled by Mr GR Smith.