1 April 2024 false No description of principal activity Taxfiler 2024.6 03351580business:PrivateLimitedCompanyLtd2024-04-012025-03-31 033515802024-03-31 033515802024-04-012025-03-31 03351580business:AuditExempt-NoAccountantsReport2024-04-012025-03-31 03351580business:FilletedAccounts2024-04-012025-03-31 033515802025-03-31 03351580business:Director12024-04-012025-03-31 03351580business:Director22024-04-012025-03-31 03351580business:CompanySecretary12024-04-012025-03-31 03351580business:RegisteredOffice2024-04-012025-03-31 033515802024-03-31 03351580core:WithinOneYear2025-03-31 03351580core:WithinOneYear2024-03-31 03351580core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 03351580core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 03351580core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 03351580core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 03351580core:PreviouslyStatedAmount2025-03-31 03351580core:PreviouslyStatedAmount2024-03-31 03351580business:SmallEntities2024-04-012025-03-31 03351580countries:EnglandWales2024-04-012025-03-31 03351580core:LandBuildings2024-04-012025-03-31 03351580core:FurnitureFittings2024-04-012025-03-31 03351580core:LandBuildings2024-03-31 03351580core:FurnitureFittings2024-03-31 03351580core:LandBuildings2025-03-31 03351580core:FurnitureFittings2025-03-31 03351580business:OrdinaryShareClass12024-04-012025-03-31 03351580business:OrdinaryShareClass12023-04-012024-03-31 033515802023-04-012024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 03351580 (England and Wales)
Gripec Properties Limited Unaudited accounts for the year ended 31 March 2025
Gripec Properties Limited Unaudited accounts Contents
Page
- 2 -
Gripec Properties Limited Company Information for the year ended 31 March 2025
Directors
Helena Edmonson Guy Edmondson
Secretary
Mr G Edmondson
Company Number
03351580 (England and Wales)
Registered Office
Tangley Place Farm House Tangley Lane Worplesdon GU3 3JZ United Kingdom
Accountants
Blue Cube Accountants Limited 7 High Street Windsor SL4 1LD
- 3 -
Gripec Properties Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
671,283 
680,233 
Current assets
Debtors
8,384 
401 
Cash at bank and in hand
1,005,393 
957,280 
1,013,777 
957,681 
Creditors: amounts falling due within one year
(63,861)
(90,911)
Net current assets
949,916 
866,770 
Net assets
1,621,199 
1,547,003 
Capital and reserves
Called up share capital
24 
24 
Profit and loss account
1,621,175 
1,546,979 
Shareholders' funds
1,621,199 
1,547,003 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by
Guy Edmondson Director Company Registration No. 03351580
- 4 -
Gripec Properties Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Gripec Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 03351580. The registered office is Tangley Place Farm House, Tangley Lane , Worplesdon, GU3 3JZ, United Kingdom.
2
Accounting policies
Basis of preparation
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% Straight Line
Fixtures & fittings
25% Reducing Balance
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 balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.
- 5 -
Gripec Properties Limited Notes to the Accounts for the year ended 31 March 2025
3
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
895,041 
500 
895,541 
At 31 March 2025
895,041 
500 
895,541 
Depreciation
At 1 April 2024
214,808 
500 
215,308 
Charge for the year
8,950 
- 
8,950 
At 31 March 2025
223,758 
500 
224,258 
Net book value
At 31 March 2025
671,283 
- 
671,283 
At 31 March 2024
680,233 
- 
680,233 
4
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
8,384 
- 
Other debtors
- 
401 
8,384 
401 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
1,482 
7,977 
Trade creditors
10,061 
7,655 
Taxes and social security
24,876 
34,355 
Other creditors
223 
- 
Accruals
1,575 
1,450 
Deferred income
25,644 
39,474 
63,861 
90,911 
6
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
24 Ordinary shares of £1 each
24 
24 
7
Transactions with related parties
During the year £20,611 (2024 - £46,954) of rent was received from Dega Broadcast Systems Ltd a company partly owned by Mr G Edmondson.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -