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Registration number: 14650685

GRH Property Ltd

Annual Report and Unaudited Financial Statements

for the Period from 29 February 2024 to 28 February 2025

 

GRH Property Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 9

 

GRH Property Ltd

Company Information

Director

Mr William Joseph Marshall

Registered office

Mead House
Gore Road
Bredgar
Sittingbourne
Kent
ME9 8EP

Accountants

Abtax CA Limited
Certified Accountants
The Joiners Shop The Historic Dockyard
Main Gate Road
Chatham
Kent
ME4 4TZ

 

GRH Property Ltd

Director's Report for the Period from 29 February 2024 to 28 February 2025

The director presents his report and the financial statements for the period from 29 February 2024 to 28 February 2025.

Director of the company

The director who held office during the period was as follows:

Mr William Joseph Marshall

Principal activity

The principal activity of the company is Property Investment

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 9 April 2025
 

.........................................
Mr William Joseph Marshall
Director

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
GRH Property Ltd
for the Period Ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GRH Property Ltd for the period ended 28 February 2025 as set out on pages 4 to 9 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 https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of GRH Property Ltd, as a body, in accordance with the terms of our engagement letter dated 13 February 2023. Our work has been undertaken solely to prepare for your approval the accounts of GRH Property Ltd and state those matters that we have agreed to state to the Board of Directors of GRH Property Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GRH Property Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that GRH Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GRH Property Ltd. You consider that GRH Property Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of GRH Property Ltd. 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 accounts.

......................................

Abtax CA Limited
Certified Accountants
The Joiners Shop The Historic Dockyard
Main Gate Road
Chatham
Kent
ME4 4TZ

9 April 2025

 

GRH Property Ltd

(Registration number: 14650685)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

120,000

120,000

Current assets

 

Debtors

5

21,159

21,257

Cash at bank and in hand

 

9,626

2,289

 

30,785

23,546

Creditors: Amounts falling due within one year

6

(2,188)

(764)

Net current assets

 

28,597

22,782

Total assets less current liabilities

 

148,597

142,782

Creditors: Amounts falling due after more than one year

6

(143,900)

(143,900)

Net assets/(liabilities)

 

4,697

(1,118)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

4,597

(1,218)

Shareholders' funds/(deficit)

 

4,697

(1,118)

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 9 April 2025
 

.........................................
Mr William Joseph Marshall
Director

 

GRH Property Ltd

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Mead House
Gore Road
Bredgar
Sittingbourne
Kent
ME9 8EP
United Kingdom

These financial statements were authorised for issue by the director on 9 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

GRH Property Ltd

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

GRH Property Ltd

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0 (2024 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 29 February 2024

120,000

120,000

At 28 February 2025

120,000

120,000

Depreciation

Carrying amount

At 28 February 2025

120,000

120,000

At 28 February 2024

120,000

120,000

Included within the net book value of land and buildings above is £120,000 (2024 - £120,000) in respect of freehold land and buildings.
 

5

Debtors

 

GRH Property Ltd

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

Current

2025
£

2024
£

Prepayments

-

98

Other debtors

21,159

21,159

 

21,159

21,257

 

GRH Property Ltd

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

146

-

Taxation and social security

1,078

-

Other creditors

964

764

2,188

764

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

143,900

143,900

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

ordinary shares of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Other borrowings

143,900

143,900

9

Related party transactions

Summary of transactions with other related parties

Indelible London Ltd
 Loan of £35,000 given towards the purchase of property.