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REGISTERED NUMBER: 05335511 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Grassdale Estates Limited

Grassdale Estates Limited (Registered number: 05335511)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Grassdale Estates Limited (Registered number: 05335511)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £ £ £
FIXED ASSETS
Investments 4 50 50

CURRENT ASSETS
Debtors 5 61,549 67,300
Cash at bank 1,203 771
62,752 68,071
CREDITORS
Amounts falling due within one year 6 137,784 131,843
NET CURRENT LIABILITIES (75,032 ) (63,772 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(74,982

)

(63,722

)

CREDITORS
Amounts falling due after more than one
year

7

11,750

21,750
NET LIABILITIES (86,732 ) (85,472 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (86,832 ) (85,572 )
SHAREHOLDERS' FUNDS (86,732 ) (85,472 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Grassdale Estates Limited (Registered number: 05335511)

Balance Sheet - continued
31 May 2024


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 16 October 2024 and were signed on its behalf by:





D Blachman - Director


Grassdale Estates Limited (Registered number: 05335511)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Grassdale Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05335511

Registered office: 5 North End Road
London
NW11 7RJ

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Grassdale Estates Limited (Registered number: 05335511)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 June 2023
and 31 May 2024 50
NET BOOK VALUE
At 31 May 2024 50
At 31 May 2023 50

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Amounts owed by participating interests 44,384 50,135
Other debtors 17,165 17,165
61,549 67,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Bank loans and overdrafts 10,000 10,000
Amounts owed to participating interests 30,018 30,018
Taxation and social security 1,638 1,457
Other creditors 96,128 90,368
137,784 131,843

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£ £
Bank loans 11,750 21,750

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £ £
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Included are due to Bramhope Estates Limited £30,018 (2023: £30,018). and due from Grassdale Ltd £44,384 (2023: £50,135)

Grassdale Estates Limited (Registered number: 05335511)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


10. ULTIMATE CONTROLLING PARTY

The Company is controlled by Mrs E Blachman by virtue of holding 51% of the total share capital and the remaining 49% is held by Mr D Blachman.