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Registered Number: 04353636
England and Wales

 

 

 

GR PROPERTIES (NORTH EAST) LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2024

End date: 31 January 2025
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 527,000    716,000 
527,000    716,000 
Current assets      
Debtors 4 2,230    2,020 
Cash at bank and in hand 34,287    477 
36,517    2,497 
Creditors: amount falling due within one year 5 (5,020)   (33,560)
Net current assets 31,497    (31,063)
 
Total assets less current liabilities 558,497    684,937 
Creditors: amount falling due after more than one year 6 (407,145)   (529,121)
Provisions for liabilities 7 (9,808)   (8,822)
Net assets 141,544    146,994 
 

Capital and reserves
     
Called up share capital 200    200 
Reserves 8 41,813    68,058 
Profit and loss account 99,531    78,736 
Shareholders' funds 141,544    146,994 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 26 June 2025 and were signed by:


-------------------------------
Graeme Reid
Director
1
General Information
GR PROPERTIES (NORTH EAST) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04353636, registration address Inglewood, Stockton Road, Easington Village, Durham, SR8 3AZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under going concern and the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 1 (2024 : 2).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 February 2024 639,114    639,114 
Additions  
Disposals (163,735)   (163,735)
Revaluations 51,621    51,621 
At 31 January 2025 527,000    527,000 
Depreciation
At 01 February 2024  
Charge for year  
On disposals  
At 31 January 2025  
Net book values
Closing balance as at 31 January 2025 527,000    527,000 
Opening balance as at 01 February 2024 716,000    716,000 


4.

Debtors: amounts falling due within one year

2025
£
  2024
£
Other Debtors 2,230    2,020 
2,230    2,020 

5.

Creditors: amount falling due within one year

2025
£
  2024
£
Bank Loans & Overdrafts   28,540 
Accrued Expenses 3,000    3,000 
Other Creditors 2,020    2,020 
5,020    33,560 

6.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Bank Loans & Overdrafts   176,199 
Directors' Loan Accounts 407,145    352,922 
407,145    529,121 

7.

Provisions for liabilities

2025
£
  2024
£
Deferred Tax 9,808    8,822 
9,808    8,822 

8.

Reserves

2025
£
  2024
£
Revaluation Reserve b/fwd 41,813    68,058 
41,813    68,058 

9.

Directors advances, credits and guarantees

Included in creditors are amounts owed to Director from the Company of £386,184 (2024 - £347,580).
2