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REGISTERED NUMBER: 02684295 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

GRANGE ROAD PROPERTIES
(MIDDLESBROUGH) LIMITED

GRANGE ROAD PROPERTIES
(MIDDLESBROUGH) LIMITED (REGISTERED NUMBER: 02684295)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

GRANGE ROAD PROPERTIES
(MIDDLESBROUGH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr A Campbell
Mr D P Campbell
Mr M Campbell



REGISTERED OFFICE: Harelands Courtyard Offices
Moor Road
Melsonby
Richmond
North Yorkshire
DL10 5NY



REGISTERED NUMBER: 02684295 (England and Wales)



ACCOUNTANTS: Momentum Taxation and Accountancy Ltd
Harelands Courtyard Offices
Moor Road
Melsonby
Richmond
North Yorkshire
DL10 5NY



SOLICITORS: Goodswens
118 High Street
Redcar
Cleveland
TS10 3DH

GRANGE ROAD PROPERTIES
(MIDDLESBROUGH) LIMITED (REGISTERED NUMBER: 02684295)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,004 10,354
Investment property 5 855,794 945,794
864,798 956,148

CURRENT ASSETS
Debtors 6 1,172 2,650
Cash at bank 73,113 86,188
74,285 88,838
CREDITORS
Amounts falling due within one year 7 120,785 117,168
NET CURRENT LIABILITIES (46,500 ) (28,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

818,298

927,818

CREDITORS
Amounts falling due after more than
one year

8

(99,550

)

(226,291

)

PROVISIONS FOR LIABILITIES (37,166 ) (28,503 )
NET ASSETS 681,582 673,024

GRANGE ROAD PROPERTIES
(MIDDLESBROUGH) LIMITED (REGISTERED NUMBER: 02684295)

BALANCE SHEET - continued
30 APRIL 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 600 600
Fair value reserve 9 343,200 343,200
Retained earnings 337,782 329,224
SHAREHOLDERS' FUNDS 681,582 673,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

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 31 January 2025 and were signed on its behalf by:





Mr M Campbell - Director


GRANGE ROAD PROPERTIES
(MIDDLESBROUGH) LIMITED (REGISTERED NUMBER: 02684295)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

GRANGE ROAD PROPERTIES (MIDDLESBROUGH) 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.

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.

No depreciation is charged on freehold investment properties. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

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.


GRANGE ROAD PROPERTIES
(MIDDLESBROUGH) LIMITED (REGISTERED NUMBER: 02684295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2023 11,952 - 11,952
Additions - 835 835
At 30 April 2024 11,952 835 12,787
DEPRECIATION
At 1 May 2023 1,598 - 1,598
Charge for year 2,071 114 2,185
At 30 April 2024 3,669 114 3,783
NET BOOK VALUE
At 30 April 2024 8,283 721 9,004
At 30 April 2023 10,354 - 10,354

GRANGE ROAD PROPERTIES
(MIDDLESBROUGH) LIMITED (REGISTERED NUMBER: 02684295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 945,794
Disposals (90,000 )
At 30 April 2024 855,794
NET BOOK VALUE
At 30 April 2024 855,794
At 30 April 2023 945,794

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,503
Other debtors 1,172 1,147
1,172 2,650

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,970 17,816
Trade creditors 1 1
Taxation and social security 3,516 1,102
Other creditors 98,298 98,249
120,785 117,168

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 99,550 226,291

GRANGE ROAD PROPERTIES
(MIDDLESBROUGH) LIMITED (REGISTERED NUMBER: 02684295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 343,200

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan accounts are interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Messrs A, D & M Campbell.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GRANGE ROAD PROPERTIES
(MIDDLESBROUGH) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GRANGE ROAD PROPERTIES (MIDDLESBROUGH) LIMITED for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of GRANGE ROAD PROPERTIES (MIDDLESBROUGH) LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GRANGE ROAD PROPERTIES (MIDDLESBROUGH) LIMITED and state those matters that we have agreed to state to the Board of Directors of GRANGE ROAD PROPERTIES (MIDDLESBROUGH) LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that GRANGE ROAD PROPERTIES (MIDDLESBROUGH) LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GRANGE ROAD PROPERTIES (MIDDLESBROUGH) LIMITED. You consider that GRANGE ROAD PROPERTIES (MIDDLESBROUGH) LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GRANGE ROAD PROPERTIES (MIDDLESBROUGH) LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Momentum Taxation and Accountancy Ltd
Harelands Courtyard Offices
Moor Road
Melsonby

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GRANGE ROAD PROPERTIES
(MIDDLESBROUGH) LIMITED


Richmond
North Yorkshire
DL10 5NY


Date: .............................................