REGISTERED NUMBER: 05519187 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GREY GEESE PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Young

S J Young

Mrs S J Young

SECRETARY:

REGISTERED OFFICE:

Pottal Pool House

Pottal Pool

Teddesley Hay

Stafford

Staffordshire

ST19 5RR

REGISTERED NUMBER:

05519187 (England and Wales)

ACCOUNTANTS:

Crombies Accountants Limited

Chartered Accountants

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Investment property

4

323,500

310,500

CURRENT ASSETS

Debtors

5

13,450

3,945

Cash at bank

380

19

13,830

3,964

CREDITORS

Amounts falling due within one year

6

224,073

223,856

NET CURRENT LIABILITIES

(210,243

)

(219,892

)

TOTAL ASSETS LESS CURRENT LIABILITIES

113,257

90,608

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

86,789

73,789

Retained earnings

26,368

16,719

SHAREHOLDERS' FUNDS

113,257

90,608

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 31 August 2025 and were signed on its behalf by:

J Young - Director

S J Young - Director

1.	STATUTORY INFORMATION

Grey Geese Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

The company has taken advantage of the transitional exemptions in FRS102 35.10 (d) to use a previous GAAP revaluation as its deemed cost.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

310,500

Revaluations

13,000

At 31 December 2024

323,500

NET BOOK VALUE

At 31 December 2024

323,500

At 31 December 2023

310,500

The company has taken advantage of the transitional exemptions in FRS102 35.10 (d) to use a previous GAAP revaluation as its deemed cost.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2016

32,905

Valuation in 2021

3,384

Valuation in 2022

33,000

Valuation in 2023

4,500

Valuation in 2024

13,000

Cost

236,711

323,500

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

236,711

236,711

Investment property was valued on an open market basis on 31 December 2024 by the directors. .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

-

345

Other debtors

13,450

3,600

13,450

3,945

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

3,540

2,977

Other creditors

220,533

220,879

224,073

223,856

7.

RESERVES

Fair

value

reserve

£

At 1 January 2024

73,789

Revaluation of freehold

property

13,000

At 31 December 2024

86,789