Registered number
02179582
Gregory Securities Limited
Filleted Accounts
31 October 2024
Gregory Securities Limited
Registered number: 02179582
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,414,982 4,659,706
Current assets
Debtors 4 145,113 139,544
Cash at bank and in hand 34,888 13,742
180,001 153,286
Creditors: amounts falling due within one year 5 (915,677) (644,198)
Net current liabilities (735,676) (490,912)
Total assets less current liabilities 3,679,306 4,168,794
Creditors: amounts falling due after more than one year 6 (55,433) (86,160)
Net assets 3,623,873 4,082,634
Capital and reserves
Called up share capital 200,000 200,000
Fair value reserve 457,445 457,445
Profit and loss account 2,966,428 3,425,189
Shareholder's funds 3,623,873 4,082,634
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M. H. Gregory
Director
Approved by the board on 7 July 2025
Gregory Securities Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rents receivable and other similar income.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment & furniture over 3 years
Motor vehicles, plant and machinery over 4 years
Investment property
Investment property is included at fair value. Any surplus or deficit on revaluation is dealt with through the profit and loss account. No depreciation is provided in respect of investment property.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Investment properties Office equipment & furniture Motor vehicles, plant and machinery Total
£ £ £ £
Cost or valuation
At 1 November 2023 4,556,618 11,316 119,040 4,686,974
Additions - - 69,767 69,767
Surplus/(deficit) on revaluation (203,554) - - (203,554)
Disposals - - (109,960) (109,960)
At 31 October 2024 4,353,064 11,316 78,847 4,443,227
Depreciation
At 1 November 2023 - 11,315 15,953 27,268
Charge for the year - - 21,595 21,595
On disposals - - (20,618) (20,618)
At 31 October 2024 - 11,315 16,930 28,245
Net book value
At 31 October 2024 4,353,064 1 61,917 4,414,982
At 31 October 2023 4,556,618 1 103,087 4,659,706
4 Debtors 2024 2023
£ £
Other debtors 145,113 139,544
Amounts due after more than one year included above 128,423 122,623
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 9,558 14,499
Other taxation and social security costs 4,177 9,124
Accruals and deferred income 49,013 50,139
Other creditors 852,929 570,436
915,677 644,198
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 55,433 86,160
7 Other information
Gregory Securities Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Pipers Close
Cobham
KT11 3AU
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