GRANTLEY PROPERTIES LIMITED
Registered number: 03482331
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,619,210 3,619,384
Current assets
Stocks 941,667 941,667
Debtors 4 321,574 311,999
Cash at bank and in hand 489,704 347,136
1,752,945 1,600,802
Creditors: amounts falling due within one year 5 (13,844) (276,087)
Net current assets 1,739,101 1,324,715
Total assets less current liabilities 5,358,311 4,944,099
Creditors: amounts falling due after more than one year 6 (1,328,084) (955,101)
Net assets 4,030,227 3,988,998
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 1,195,101 1,195,101
Profit and loss account 2,835,026 2,793,797
Shareholders' funds 4,030,227 3,988,998
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
MR M PAREKH
Director
Approved by the board on 12 December 2024
GRANTLEY PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 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.
Turnover
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 -
Plant and machinery over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 3,618,956 11,182 3,630,138
At 31 March 2024 3,618,956 11,182 3,630,138
Depreciation
At 1 April 2023 - 10,754 10,754
Charge for the year - 174 174
At 31 March 2024 - 10,928 10,928
Net book value
At 31 March 2024 3,618,956 254 3,619,210
At 31 March 2023 3,618,956 428 3,619,384
4 Debtors 2024 2023
£ £
Trade debtors - 8,065
Loans - UK Companies 271,989 271,989
Taxes repayable 17,403 -
Other debtors 32,182 31,945
321,574 311,999
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 13,844 247,320
Other creditors - 28,767
13,844 276,087
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other Loans 1,328,084 955,101
7 Revaluation reserve 2024 2023
£ £
At 1 April 2023 1,195,101 1,195,101
At 31 March 2024 1,195,101 1,195,101
8 Other information
GRANTLEY PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Keeley House
22-30 Keeley Road
Croydon
Surrey
CR0 1TE
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