GRANDFLY DEVELOPMENT LIMITED

GRANDFLY DEVELOPMENT LIMITED
Contents Page
For the year ended 31 May 2025

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

GRANDFLY DEVELOPMENT LIMITED Accountants' Report For the year ended 31 May 2025
Report to the directors on the preparation of the unaudited statutory accounts of GRANDFLY DEVELOPMENT LIMITED for the year ended 31 May 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GRANDFLY DEVELOPMENT LIMITED for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of GRANDFLY DEVELOPMENT LIMITED, as a body, in accordance with the terms of our engagement letter dated 07 September 2025. Our work has been undertaken solely to prepare for your approval the accounts of GRANDFLY DEVELOPMENT LIMITED and state those matters that we have agreed to state to the Board of Directors of GRANDFLY DEVELOPMENT LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GRANDFLY DEVELOPMENT LIMITED and its Board of Directors as a body for our work or for this report. It is your duty to ensure that GRANDFLY DEVELOPMENT LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GRANDFLY DEVELOPMENT LIMITED. You consider that GRANDFLY DEVELOPMENT LIMITED is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of GRANDFLY DEVELOPMENT LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 May 2025. Finanche Limited 100 Grovelands Road Reading Berkshire RG30 2PD 07 September 2025 1

GRANDFLY DEVELOPMENT LIMITED
Accountants' Report
For the year ended 31 May 2025

Report to the directors on the preparation of the unaudited statutory accounts of GRANDFLY DEVELOPMENT LIMITED for the year ended 31 May 2025.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GRANDFLY DEVELOPMENT LIMITED for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of GRANDFLY DEVELOPMENT LIMITED, as a body, in accordance with the terms of our engagement letter dated 07 September 2025. Our work has been undertaken solely to prepare for your approval the accounts of GRANDFLY DEVELOPMENT LIMITED and state those matters that we have agreed to state to the Board of Directors of GRANDFLY DEVELOPMENT LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GRANDFLY DEVELOPMENT LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GRANDFLY DEVELOPMENT LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GRANDFLY DEVELOPMENT LIMITED. You consider that GRANDFLY DEVELOPMENT LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GRANDFLY DEVELOPMENT LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 May 2025.

Finanche Limited
100 Grovelands Road
Reading
Berkshire
RG30 2PD
07 September 2025

1

Registered Number: 13381828 GRANDFLY DEVELOPMENT LIMITED
Statement of Financial Position
As at 31 May 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	1,806,101	1,806,101
		1,806,101	1,806,101
Current assets
Debtors		3,463	247
Cash at bank and in hand		76,891	71,050
		80,354	71,297
Creditors: amount falling due within one year		(21,024)	(10,063)
Net current assets		59,330	61,234

Total assets less current liabilities		1,865,431	1,867,335
Creditors: amount falling due after more than one year		(951,000)	(880,000)
Net assets		914,431	987,335

Capital and reserves
Called up share capital		1,000,000	1,000,000
Profit and loss account		(85,569)	(12,665)
Shareholders' funds		914,431	987,335

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 07 September 2025 and were signed on its behalf by:

-------------------------------
Yat Man Fan
Director

2

GRANDFLY DEVELOPMENT LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 May 2025

General Information

GRANDFLY DEVELOPMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13381828, registration address 58 Garrett Drive, Shinfield, Reading, RG2 9LE.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

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)

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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 7 (2024 : 6).

3.

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 June 2024	1,806,101	1,806,101
Additions	-	-
Disposals	-	-
At 31 May 2025	1,806,101	1,806,101
Depreciation
At 01 June 2024	-	-
Charge for year	-	-
On disposals	-	-
At 31 May 2025	-	-
Net book values
Closing balance as at 31 May 2025	1,806,101	1,806,101
Opening balance as at 01 June 2024	1,806,101	1,806,101

3

Registered Number: 13381828
England and Wales
Abridged Accounts

for the year ended 31 May 2025
for
GRANDFLY DEVELOPMENT LIMITED