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REGISTERED NUMBER: 12071873 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

GRANGE HALE PROPERTY LTD

GRANGE HALE PROPERTY LTD (REGISTERED NUMBER: 12071873)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRANGE HALE PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: T R Wright





REGISTERED OFFICE: 25 Grove Place
Hampstead
London
NW3 1JP





REGISTERED NUMBER: 12071873 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

GRANGE HALE PROPERTY LTD (REGISTERED NUMBER: 12071873)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,600 -
Investment property 5 450,000 425,000
451,600 425,000

CURRENT ASSETS
Cash at bank 3,703 2,156

CREDITORS
Amounts falling due within one year 6 108,218 117,832
NET CURRENT LIABILITIES (104,515 ) (115,676 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,085

309,324

CREDITORS
Amounts falling due after more than one
year

7

215,785

217,785
NET ASSETS 131,300 91,539

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 131,290 91,529
131,300 91,539

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GRANGE HALE PROPERTY LTD (REGISTERED NUMBER: 12071873)

BALANCE SHEET - continued
30 JUNE 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





T R Wright - Director


GRANGE HALE PROPERTY LTD (REGISTERED NUMBER: 12071873)

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

1. STATUTORY INFORMATION

Grange Hale Property 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.

The financial statements include the results of the company's operations all of which are continuing. The financial statements have been prepared on a going concern basis. This may not be appropriate because at 30th June 2024 the company's current liabilities exceeded its current assets by £104,515 and total liabilities of the company were £324,003. The company is reliant upon the continued support of its director, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided as necessary to enable the company to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS

Investments have not been depreciated due to the nature of the asset.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 425,000
Revaluations 25,000
At 30 June 2024 450,000
NET BOOK VALUE
At 30 June 2024 450,000
At 30 June 2023 425,000

Investment property is held at fair value. The director has reviewed this at the year end and considers the fair value at 30th June 2024 to be £450,000.

GRANGE HALE PROPERTY LTD (REGISTERED NUMBER: 12071873)

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

5. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 450,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 326,407 326,407

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 1,806 -
Other creditors - 3,100
Director's current account 105,716 114,132
Accruals 696 600
108,218 117,832

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 2,000 2,000
Bank loans - 2-5 years 2,167 4,167
Bank loans due in more than 5 years 211,618 211,618
215,785 217,785

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years 211,618 211,618

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 215,785 217,785

The outstanding bank loan is secured by means of a fixed charge on the investment property owned by the company.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T R Wright.