| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 September 2024 |
| for |
| GRAYSWOOD ESTATES LIMITED |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| GRAYSWOOD ESTATES LIMITED (REGISTERED NUMBER: 06001805) |
| Balance Sheet |
| 30 September 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 |
| 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 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 October 2023 |
| Revaluations |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 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 |
| 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 |
| Accrued expenses |
| 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 |
| 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 took place with Liphook Garage Limited during the period, but the balance owed to that company at 30th September 2024 amounted to £ |
| 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. |