Grangemoss Limited 01299873 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 true true 01299873 2024-04-01 2025-03-31 01299873 2025-03-31 01299873 bus:OrdinaryShareClass1 2025-03-31 01299873 core:CurrentFinancialInstruments 2025-03-31 01299873 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 01299873 core:DeferredTaxation 2025-03-31 01299873 bus:SmallEntities 2024-04-01 2025-03-31 01299873 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01299873 bus:FilletedAccounts 2024-04-01 2025-03-31 01299873 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01299873 bus:RegisteredOffice 2024-04-01 2025-03-31 01299873 bus:Director1 2024-04-01 2025-03-31 01299873 bus:Director2 2024-04-01 2025-03-31 01299873 bus:Director3 2024-04-01 2025-03-31 01299873 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 01299873 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01299873 core:DeferredTaxation 2024-04-01 2025-03-31 01299873 countries:AllCountries 2024-04-01 2025-03-31 01299873 2024-03-31 01299873 core:DeferredTaxation 2024-03-31 01299873 2023-04-01 2024-03-31 01299873 2024-03-31 01299873 bus:OrdinaryShareClass1 2024-03-31 01299873 core:CurrentFinancialInstruments 2024-03-31 01299873 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01299873

Grangemoss Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Grangemoss Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Grangemoss Limited

Company Information

Directors

A Godfrey

A R Godfrey

C R Godfrey

Registered office

15a Byron Road
London
NW7 4AH

Accountants

Sable & Argent Limited
Chartered Accountants
2 Elvetham Crescent
Fleet
Hampshire
GU51 1BU

 

Grangemoss Limited

(Registration number: 01299873)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

4,700,000

4,700,000

Current assets

 

Debtors

5

23,945

10,057

Cash at bank and in hand

 

162,098

48,630

 

186,043

58,687

Creditors: Amounts falling due within one year

6

(434,817)

(421,073)

Net current liabilities

 

(248,774)

(362,386)

Total assets less current liabilities

 

4,451,226

4,337,614

Provisions for liabilities

(169,980)

(157,480)

Net assets

 

4,281,246

4,180,134

Capital and reserves

 

Called up share capital

9

10,000

10,000

Other reserves

1,283,326

1,295,826

Retained earnings

2,987,920

2,874,308

Shareholders' funds

 

4,281,246

4,180,134

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 April 2025 and signed on its behalf by:
 

C R Godfrey
Director

   
     
 

Grangemoss Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
15a Byron Road
London
NW7 4AH

These financial statements were authorised for issue by the Board on 25 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 letting of property in the period, net of value added tax. The company recognises revenue from property in the period to which it relates.

Tax

The tax expense for the period comprises current and deferred 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.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Grangemoss Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate
and with reference to the rents receivable, determined annually by the directors but with reference to periodic
valuations by external independent valuers in accordance with the requirements of the company's bankers. The
valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition
of the specific asset. Changes in fair value are recognised in profit or loss.

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 tenants in respect of property lettings and property services provided to tenants in the accounting period. Trade debtors are recognised at the transaction price less a provision for bad debts where it is probable that the amount may not be recovered.

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 at the transaction price.

Borrowings

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.

3

Staff numbers

The average number of persons (including directors) employed by the company in the year, was 4 (2024: 5).

4

Investment properties

2025
£

At 1 April

4,700,000

At 31 March

4,700,000

The investment properties are revalued annually by the directors by reference to both rental income yields and the market value of other properties similar to those held by the company, and taking account of periodic professional valuations.

 

Grangemoss Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2025
£

2024
£

Trade debtors

5,018

10,057

Prepayments

18,927

-

 

23,945

10,057

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

332,830

340,596

Taxation and social security

 

42,578

30,180

Accruals and deferred income

 

39,584

30,090

Other creditors

 

19,825

20,207

 

434,817

421,073

7

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

332,830

340,596

Other borrowings

Other borrowings comprise two sterling loans from directors bearing interest at 0% that are repayable on demand by the lenders. The carrying amount at year end is £332,830 (2024: £340,596).

8

Provisions for liabilities

Deferred tax
£

Total
£

At 1 April 2024

157,480

157,480

Arising on fair value adjustmentns to investment properties

12,500

12,500

At 31 March 2025

169,980

169,980

 

Grangemoss Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

10,000

10,000

10,000

10,000