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REGISTERED NUMBER: 04292760 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

GRANGECORE LTD

GRANGECORE LTD (REGISTERED NUMBER: 04292760)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GRANGECORE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: J Schischa





SECRETARY: Mrs F Schischa





REGISTERED OFFICE: 2 Gilda Cresent
London
N16 6JP





REGISTERED NUMBER: 04292760 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

GRANGECORE LTD (REGISTERED NUMBER: 04292760)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 3,167 3,313
Investment property 6 1,000,000 1,000,000
1,003,167 1,003,313

CURRENT ASSETS
Debtors 7 27,981 19,029
Cash at bank 104,701 110,956
132,682 129,985
CREDITORS
Amounts falling due within one year 8 (146,618 ) (150,204 )
NET CURRENT LIABILITIES (13,936 ) (20,219 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

989,231

983,094

CREDITORS
Amounts falling due after more than one
year

9

(67,482

)

(87,377

)

PROVISIONS FOR LIABILITIES (76,477 ) (76,477 )
NET ASSETS 845,272 819,240

CAPITAL AND RESERVES
Called up share capital 12 2 2
Fair value reserve 13 504,997 504,997
Retained earnings 13 340,273 314,241
SHAREHOLDERS' FUNDS 845,272 819,240

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 director acknowledges his 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.

GRANGECORE LTD (REGISTERED NUMBER: 04292760)

STATEMENT OF FINANCIAL POSITION - 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 and authorized for issue by the director and authorised for issue on 11 June 2025 and were signed by:





J Schischa - Director


GRANGECORE LTD (REGISTERED NUMBER: 04292760)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Grangecore Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

GRANGECORE LTD (REGISTERED NUMBER: 04292760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023
and 30 September 2024 16,789
DEPRECIATION
At 1 October 2023 13,476
Charge for year 146
At 30 September 2024 13,622
NET BOOK VALUE
At 30 September 2024 3,167
At 30 September 2023 3,313

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,000,000
NET BOOK VALUE
At 30 September 2024 1,000,000
At 30 September 2023 1,000,000

The fair value of investment properties were assessed to be unchanged by the director. The fair value was determined using open market valuation method.

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2017 581,474
Cost 418,526
1,000,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 14,217 9,029
Other debtors 13,764 10,000
27,981 19,029

GRANGECORE LTD (REGISTERED NUMBER: 04292760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 6,887 10,254
Other creditors 139,731 139,950
146,618 150,204

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 10) 67,482 87,377

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 67,482 87,377

10. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 67,482 87,377

11. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 67,482 87,377

The bank loans are secured by a first charge over the company's investment properties and bear interest at variable rates.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Ordinary £1 2 2

GRANGECORE LTD (REGISTERED NUMBER: 04292760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2023 314,241 504,997 819,238
Profit for the year 26,032 26,032
At 30 September 2024 340,273 504,997 845,270

14. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is Mrs. F Schischa