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REGISTERED NUMBER: 06001805 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

GRAYSWOOD ESTATES LIMITED

GRAYSWOOD ESTATES LIMITED (REGISTERED NUMBER: 06001805)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRAYSWOOD ESTATES LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTORS: T I Barnes
Mrs S L Barnes
D E Barnes
V J Barnes





SECRETARY: Mrs S L Barnes





REGISTERED OFFICE: Grayswood Road
Haslemere
Surrey
GU27 2DH





REGISTERED NUMBER: 06001805 (England and Wales)

GRAYSWOOD ESTATES LIMITED (REGISTERED NUMBER: 06001805)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 428 759
Investment property 5 918,959 860,959
919,387 861,718

CURRENT ASSETS
Debtors 6 5,401 -
Cash at bank 69,203 86,372
74,604 86,372
CREDITORS
Amounts falling due within one year 7 476,758 476,674
NET CURRENT LIABILITIES (402,154 ) (390,302 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

517,233

471,416

CREDITORS
Amounts falling due after more than one
year

8

(383,049

)

(383,039

)

PROVISIONS FOR LIABILITIES - (111 )
NET ASSETS 134,184 88,266

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 134,084 88,166
SHAREHOLDERS' FUNDS 134,184 88,266

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

GRAYSWOOD ESTATES LIMITED (REGISTERED NUMBER: 06001805)

Balance Sheet - continued
30 September 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 8 May 2025 and were signed on its behalf by:




T I Barnes - Director



D E Barnes - Director


GRAYSWOOD ESTATES LIMITED (REGISTERED NUMBER: 06001805)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Grayswood Estates Limited 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.

Significant judgements and estimates
The following are the critical judgements and key sources of estimation uncertainty that the Directors have made in the process of applying the companies accounting policies and that have the most significant effect on the amounts recognised in the financial statements:

Fair value of Investment Properties

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the Balance Sheet. The Directors assess the fair value of the investment properties based on recent market values. In determining the fair value on this basis, the valuation remains sensitive to fluctuations in the property market.

Turnover
Turnover represents rents receivable during the year. Where payments are received in advance of the rental period, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

GRAYSWOOD ESTATES LIMITED (REGISTERED NUMBER: 06001805)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 20,923
DEPRECIATION
At 1 October 2023 20,164
Charge for year 331
At 30 September 2024 20,495
NET BOOK VALUE
At 30 September 2024 428
At 30 September 2023 759

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 860,959
Revaluations 58,000
At 30 September 2024 918,959
NET BOOK VALUE
At 30 September 2024 918,959
At 30 September 2023 860,959

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2017 95,661
Valuation in 2024 58,000
Cost 765,298
918,959

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,401 -

GRAYSWOOD ESTATES LIMITED (REGISTERED NUMBER: 06001805)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to participating interests 474,910 474,910
Accrued expenses 1,848 1,764
476,758 476,674

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Jasper Mortgages - Lion Lane 106,975 106,970
Jasper Mortgages - Brambledown 90,694 90,689
Jasper Mortgages - Alexandra
Court 89,661 89,658
Fleet Mortages - Palliser
Court 95,719 95,722
383,049 383,039

The Lion Lane loan is interest only and will end on 15th February 2029. It is secured on the company's investment property at Lion Lane, Haslemere. Interest is charged at the relevant variable Jasper Mortgages rate, currently 6.25%.

The Brambledown loan is interest only and will end on 4th August 2027 It is secured on the company's investment property at Brambledown, Hindhead. Interest is charged at the relevant variable Jasper Mortgages rate, currently 6.25%.

The Alexandra Court loan is interest only and will end on 25th August 2027. It is secured on the company's investment property at Alexandra Court, Bordon. Interest is charged at the relevant variable Jasper Mortgages rate, currently 6.25%.

The Palliser Court loan is interest only and will end on 16th June 2030. It is secured on the company's investment property at Palliser Court, Hindhead. Interest is currently charged at the fixed rate of 9.25%.

9. RELATED PARTY DISCLOSURES

D E Barnes, T I Barnes and Mrs S L Barnes are also directors of Liphook Garage Limited. No trading
took place with Liphook Garage Limited during the period, but the balance owed to that company at
30th September 2024 amounted to £474,910. This is disclosed in Note 8 to the financial statements.

10. GOING CONCERN

The company is reliant on Liphook Garage Limited (a company under common control), not requiring its loan, as detailed in Note 10 above, to be repaid.

Whilst the loan is repayable on demand, the directors of Liphook Garage Limited have stated that the repayment of this loan will not be sought in the foreseeable future and, therefore, the directors of Grayswood Estates Limited believe that the company can and will continue as a going concern and its accounts are drawn up on that basis.