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REGISTERED NUMBER: 04622026 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 December 2023

for

GRK Properties Limited

GRK Properties Limited (Registered number: 04622026)






Contents of the Financial Statements
for the Year Ended 30 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRK Properties Limited

Company Information
for the Year Ended 30 December 2023







DIRECTORS: E M Alder-Barber
G Hann
A Hann





SECRETARY: G Hann





REGISTERED OFFICE: 1 Parndon Lodge
Parndon Mill Lane
Harlow
Essex
CM20 2HR





REGISTERED NUMBER: 04622026 (England and Wales)





ACCOUNTANTS: Myers & Co Accountants Limited
Suite 204A, East Wing
Sterling House
Langston Road
Loughton
Essex
IG10 3TS

GRK Properties Limited (Registered number: 04622026)

Balance Sheet
30 December 2023

30.12.23 30.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,437 -
Investment property 5 7,215,000 7,215,000
7,247,437 7,215,000

CURRENT ASSETS
Debtors 6 20,002 -
Cash at bank and in hand 123,495 110,958
143,497 110,958
CREDITORS
Amounts falling due within one year 7 259,542 299,564
NET CURRENT LIABILITIES (116,045 ) (188,606 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,131,392

7,026,394

CREDITORS
Amounts falling due after more than one
year

8

1,376,071

1,382,148
NET ASSETS 5,755,321 5,644,246

CAPITAL AND RESERVES
Called up share capital 8 8
Revaluation reserve 9 2,921,887 2,921,887
Retained earnings 2,833,426 2,722,351
5,755,321 5,644,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 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.

GRK Properties Limited (Registered number: 04622026)

Balance Sheet - continued
30 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 30 July 2024 and were signed on its behalf by:





G Hann - Director


GRK Properties Limited (Registered number: 04622026)

Notes to the Financial Statements
for the Year Ended 30 December 2023

1. STATUTORY INFORMATION

GRK 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.

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 as modified by the revaluation of certain assets.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 1 (2022 - NIL ) .

GRK Properties Limited (Registered number: 04622026)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST OR VALUATION
Additions 43,250
At 30 December 2023 43,250
DEPRECIATION
Charge for year 10,813
At 30 December 2023 10,813
NET BOOK VALUE
At 30 December 2023 32,437

Included in cost or valuation of land and buildings is freehold land of £4,530,721 (2020 - £4,530,721) which is not depreciated.

Cost or valuation at 30 December 2023 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2010 515,039 - 515,039
Valuation in 2015 582,354 - 582,354
Valuation in 2021 2,047,086 - 2,047,086
Cost 4,070,521 43,250 4,113,771
7,215,000 43,250 7,258,250

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FREEHOLD PROPERTY

'COST' ACCOUNT TOTAL

CLIENT SCREEN TOTAL = 7,215,000


If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.12.23 30.12.22
£    £   
Cost 2,968,289 2,968,289

Freehold land and buildings were valued on an open market basis on 18 December 2015 by Intercounty and Bell & Co Estate Agents .

GRK Properties Limited (Registered number: 04622026)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 December 2022
and 30 December 2023 7,215,000
NET BOOK VALUE
At 30 December 2023 7,215,000
At 30 December 2022 7,215,000

Fair value at 30 December 2023 is represented by:
£   
Valuation in 2010 515,039
Valuation in 2015 582,354
Valuation in 2021 2,047,086
Cost 4,070,521
7,215,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Amounts owed by group undertakings 20,002 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Bank loans and overdrafts 10,648 10,648
Taxation and social security 43,914 34,991
Other creditors 204,980 253,925
259,542 299,564

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.12.23 30.12.22
£    £   
Bank loans 14,340 24,269
Other creditors 1,361,731 1,357,879
1,376,071 1,382,148

Amounts falling due in more than five years:

Repayable by instalments
Mortgage on Freehold Property 741,731 737,879

GRK Properties Limited (Registered number: 04622026)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

9. RESERVES
Revaluation
reserve
£   
At 31 December 2022
and 30 December 2023 2,921,887