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REGISTERED NUMBER: 04998294 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

GRANGEFORD ESTATES LTD

GRANGEFORD ESTATES LTD (REGISTERED NUMBER: 04998294)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GRANGEFORD ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: J Posen
Y Filip





SECRETARY: J Posen





REGISTERED OFFICE: 115 Craven Park Road
Stamford Hill
London
N15 6BL





REGISTERED NUMBER: 04998294 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

GRANGEFORD ESTATES LTD (REGISTERED NUMBER: 04998294)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Investment property 4 2,942,687 3,569,462

CURRENT ASSETS
Debtors 5 302,865 455,554
Cash at bank 28,695 21,448
331,560 477,002
CREDITORS
Amounts falling due within one year 6 (972,334 ) (1,039,969 )
NET CURRENT LIABILITIES (640,774 ) (562,967 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,301,913

3,006,495

CREDITORS
Amounts falling due after more than one
year

7

(1,054,609

)

(1,425,621

)
NET ASSETS 1,247,304 1,580,874

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 1,247,302 1,580,872
SHAREHOLDERS' FUNDS 1,247,304 1,580,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

GRANGEFORD ESTATES LTD (REGISTERED NUMBER: 04998294)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 20 February 2025 and were signed on its behalf by:





J Posen - Director


GRANGEFORD ESTATES LTD (REGISTERED NUMBER: 04998294)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Grangeford Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

GRANGEFORD ESTATES LTD (REGISTERED NUMBER: 04998294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 3,569,462
Additions 83,757
Disposals (710,532 )
At 29 February 2024 2,942,687
NET BOOK VALUE
At 29 February 2024 2,942,687
At 28 February 2023 3,569,462

Directors have confirmed that, there is no significant market value increase or decrease in properties.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 13,042 5,587
Other debtors 109,745 276,408
Other debtors - Hamilton 173,559 173,559
VAT 6,519 -
302,865 455,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 30,537 21,019
Tax 130,683 145,061
VAT - 2,245
Other creditors 787,518 858,774
Rent deposit 9,940 9,940
Accrued expenses 13,656 2,930
972,334 1,039,969

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 8) 1,019,887 1,386,266
Other loans (see note 8) 34,722 39,355
1,054,609 1,425,621

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,019,887 1,386,266

GRANGEFORD ESTATES LTD (REGISTERED NUMBER: 04998294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 34,722 39,355

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,019,887 1,386,266

Under the bank loan, £34,722 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 1,019,887 1,386,266

Long term bank loan is secured by first charge over the company's investment property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Retained
earnings
£   

At 1 March 2023 1,580,872
Deficit for the year (333,570 )
At 29 February 2024 1,247,302

12. ULTIMATE CONTROLLING PARTY

The controlling party is J Posen.