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REGISTERED NUMBER: 07296085 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Graylands Farm Limited

Graylands Farm Limited (Registered number: 07296085)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Graylands Farm Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: M Matthews
S Harvey





SECRETARY: M Matthews





REGISTERED OFFICE: Stephensons Place
Stephensons Way
Crawley
West Sussex
RH10 1TN





REGISTERED NUMBER: 07296085 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
5 Hazelgrove Road
Haywards Heath
West Sussex
RH16 3PH

Graylands Farm Limited (Registered number: 07296085)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 720,000 720,000

CURRENT ASSETS
Debtors 5 43,719 54,838
Cash at bank 26,956 50,472
70,675 105,310
CREDITORS
Amounts falling due within one year 6 51,308 46,476
NET CURRENT ASSETS 19,367 58,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

739,367

778,834

CAPITAL AND RESERVES
Called up share capital 7 2 2
Revaluation reserve 8 186,030 186,030
Retained earnings 553,335 592,802
SHAREHOLDERS' FUNDS 739,367 778,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 1 June 2025 and were signed on its behalf by:





M Matthews - Director


Graylands Farm Limited (Registered number: 07296085)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Graylands Farm 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.

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.

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

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 tax
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 November 2023
and 31 October 2024 720,000
NET BOOK VALUE
At 31 October 2024 720,000
At 31 October 2023 720,000

Graylands Farm Limited (Registered number: 07296085)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 36,020 47,828
VAT 7,699 7,010
43,719 54,838

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 48,714 44,081
Tax 199 -
Accrued expenses 2,395 2,395
51,308 46,476

7. CALLED UP SHARE CAPITAL

The total share capital of the company has been sub-divided

The Ordinary Shares have full voting rights with four votes for every one share held: variable dividend rights and return of capital rights up to the nominal value.

A Ordinary Shares have full voting rights with one vote for every one share held: variable dividend rights and return of capital rights up to the nominal value

B Ordinary Shares have full voting rights with one vote for every one share held: variable dividend rights and return of capital rights up to the nominal value

8. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 186,030