Company No: 08993566 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Investment property	3	1,931,534		1,912,024
		1,931,534		1,912,024
Current assets
Debtors	4	40,225		40,225
Cash at bank and in hand		16,066		12,582
		56,291		52,807
Creditors: amounts falling due within one year	5	( 666,406)		( 640,209)
Net current liabilities		(610,115)		(587,402)
Total assets less current liabilities		1,321,419		1,324,622
Creditors: amounts falling due after more than one year	6	( 1,145,000)		( 1,145,000)
Provision for liabilities		0		( 13,464)
Net assets		176,419		166,158
Capital and reserves
Called-up share capital		100		100
Revaluation reserve		59,221		62,687
Profit and loss account		117,098		103,371
Total shareholder's funds		176,419		166,158

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Graffham Estates Limited (registered number: 08993566) were approved and authorised for issue by the Director on 16 September 2025. They were signed on its behalf by:

A J R Heaton Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Graffham Estates Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Eccleston Mews, London, SW1X 8AG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

Turnover comprises revenue which is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Taxation

Current tax
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date.

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset realised. Deferred tax is charged or credited to the profit or loss, except when it relates to items charged or credited directly to other comprehensive income, in which case the deferred tax is also dealt with in other comprehensive income.

Investment property

Investment property is carried at fair value; this was initially determined by professional valuers and has subsequently been adjusted year on year in line with the UK House Price Index data for Surrey.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	1,912,024
Fair value movement	19,510
As at 31 December 2024	1,931,534

4. Debtors

	2024		2023
	£		£
Other debtors	40,225		40,225

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	1,995		0
Other loans	657,220		631,900
Accruals	7,191		8,309
	666,406		640,209

6. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	1,145,000		1,145,000