Registered number
04274984
Grant Berry Properties Ltd.
Filleted Accounts
31 August 2024
Grant Berry Properties Ltd.
Registered number: 04274984
Balance Sheet
as at 31 August 2024
RESTATED
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,634,042 1,648,681
Current assets
Debtors 4 4,985 4,601
Cash at bank and in hand 15,992 14,540
20,977 19,141
Creditors: amounts falling due within one year 5 (248,879) (245,432)
Net current liabilities (227,902) (226,291)
Total assets less current liabilities 1,406,140 1,422,390
Creditors: amounts falling due after more than one year 6 (116,770) (169,075)
Provisions for liabilities (207,818) (207,570)
Net assets 1,081,552 1,045,745
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,081,551 1,045,744
Shareholder's funds 1,081,552 1,045,745
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G R Berry
Director
Approved by the board on 3 January 2025
Grant Berry Properties Ltd.
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not provided
Leasehold land and buildings not provided
Plant and machinery 15% on reducing balance
Fixtures, fittings, tools and equipment 25% on cost
Investment properties are stated at fair value in Section 16 and depreciation has not been provided.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

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. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Freehold property Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 1 September 2023 1,551,086 144,653 3,158 1,698,897
At 31 August 2024 1,551,086 144,653 3,158 1,698,897
Depreciation
At 1 September 2023 - 47,058 3,158 50,216
Charge for the year - 14,639 - 14,639
At 31 August 2024 - 61,697 3,158 64,855
Net book value
At 31 August 2024 1,551,086 82,956 - 1,634,042
At 31 August 2023 1,551,086 97,595 - 1,648,681
Freehold land and buildings: 2024 2023
£ £
Historical cost 443,224 443,224
Cumulative depreciation based on historical cost - -
443,224 443,224
4 Debtors 2024 2023
£ £
Trade debtors 587 222
Other debtors 4,398 4,379
4,985 4,601
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 50,550 44,632
Trade creditors 1,019 545
Amounts owed to group undertakings and undertakings in which the company has a participating interest 144,000 146,000
Taxation and social security costs 6,559 6,303
Other creditors 46,751 47,952
248,879 245,432
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 116,770 169,075
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans - 213,707
By way of a legal charge over the assets.
8 Controlling party
The ultimate controlling party is G R Berry, holding 100% of the issued share capital.
9 Other information
Grant Berry Properties Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
Homeworld
229-231 Cleethorpe Road
Grimsby
Lincolnshire
DN31 3BE
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