2023-10-012024-09-302024-09-30false04568693GRANGE PRODUCTS PROPERTIES 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GRANGE PRODUCTS PROPERTIES LIMITED

Registered Number
04568693
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

GRANGE PRODUCTS PROPERTIES LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

DAVIS, Dorothee Elisabeth Auguste
DAVIS, Nicholas John Francis
GORTON, Paul Roy
NEWTON, Celia Constance

Company Secretary

DAVIS, Dorothee Elisabeth Auguste

Registered Address

Units 1-3 Crown Industrial Estate Kenwood Road
Reddish
Stockport
SK5 6PH

Registered Number

04568693 (England and Wales)
GRANGE PRODUCTS PROPERTIES LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets34973
Investment property41,545,0001,000,000
1,545,0491,000,073
Current assets
Debtors7,983465
Cash at bank and on hand7842,999
8,7673,464
Creditors amounts falling due within one year5(415,411)(347,665)
Net current assets (liabilities)(406,644)(344,201)
Total assets less current liabilities1,138,405655,872
Creditors amounts falling due after one year6(162,857)(200,332)
Provisions for liabilities7(185,218)(43,938)
Net assets790,330411,602
Capital and reserves
Called up share capital100100
Profit and loss account790,230411,502
Shareholders' funds790,330411,602
The financial statements were approved and authorised for issue by the Board of Directors on 2 October 2024, and are signed on its behalf by:
DAVIS, Nicholas John Francis
Director
Registered Company No. 04568693
GRANGE PRODUCTS PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery33
Investment property
Investment properties are included in the balance sheet at their Fair value at the balance sheet date. Any change in the fair value is recognised in the profit and loss account during the period.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 October 23300300
At 30 September 24300300
Depreciation and impairment
At 01 October 23227227
Charge for year2424
At 30 September 24251251
Net book value
At 30 September 244949
At 30 September 237373
Fixed assets are included at Net Book Value.
4.Investment property
The company holds two investment properties for rentals. The valuations of the buildings have been carried out by the director and are deemed to be Fair Value. One building had an original cost value of £252,991.50 and has been revalued to £650,000. The second building had an original cost value of £551,183.38 and has been revalued to £895,000.

£
Fair value at 01 October 231,000,000
Fair value adjustments545,000
At 30 September 241,545,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables10,3283,567
Bank borrowings and overdrafts29,11829,118
Taxation and social security4,1004,745
Other creditors371,065303,358
Accrued liabilities and deferred income8006,877
Total415,411347,665
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts162,857200,332
Total162,857200,332
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)185,21843,938
Total185,21843,938
8.Capital commitments
The company had outstanding loan commitments, other than amounts owed to directors, totalling £301,643 at the year end.
9.Related party transactions
Grange Products Limited is a related party by virtue that it is held under the same directorship as Grange Products Limited. The companies are in common control of the majority shareholders within each. During the year, transactions were carried out between the two companies whereby Grange Products Limited paid rent for the period totalling £76,050 to Grange Products Properties Limited. Payments were made by Grange Products LTD on behalf of Grange Products Properties during the year. An amount of £109,669 was owed to Grange Products Limited from Grange Products Properties Limited. This is included in the amount included in the capital commitments.