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REGISTERED NUMBER: 11063005 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Grassdale Ltd

Grassdale Ltd (Registered number: 11063005)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grassdale Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs E Blachman
D Blachman
Ms A Blachman
Mrs M Fisher





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 11063005 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Grassdale Ltd (Registered number: 11063005)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £ £ £
FIXED ASSETS
Investment property 4 629,000 311,775

CURRENT ASSETS
Debtors 5 505,496 25,963
Cash at bank 113,154 266,880
618,650 292,843
CREDITORS
Amounts falling due within one year 6 932,562 487,294
NET CURRENT LIABILITIES (313,912 ) (194,451 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,088

117,324

CREDITORS
Amounts falling due after more than one
year

7

342,173

121,816
NET LIABILITIES (27,085 ) (4,492 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (27,185 ) (4,592 )
SHAREHOLDERS' FUNDS (27,085 ) (4,492 )

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 Ltd (Registered number: 11063005)

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 Ltd (Registered number: 11063005)

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


1. STATUTORY INFORMATION

Grassdale Ltd 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Grassdale Ltd (Registered number: 11063005)

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


4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 June 2023 311,775
Additions 317,225
At 31 May 2024 629,000
NET BOOK VALUE
At 31 May 2024 629,000
At 31 May 2023 311,775

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Amounts owed by participating interests 53,996 12,996
Other debtors 451,500 12,967
505,496 25,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Amounts owed to participating interests 44,384 50,135
Taxation and social security 15,277 13,130
Other creditors 872,901 424,029
932,562 487,294

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£ £
Bank loans 342,173 121,816

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 342,173 121,816

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

Grassdale Ltd (Registered number: 11063005)

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


9. RELATED PARTY DISCLOSURES

Included are amount due to Grassdale Estates Limited £44,384 (2023: £50,135) and amount due from Bramhope Estates Limited £53,996 (2023: £12,996).