Grange Properties (North West) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02596125 (England and Wales)

GRANGE PROPERTIES (NORTH WEST) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E B Barnes

R J Barnes

T J Barnes

SECRETARY:

E B Barnes

REGISTERED OFFICE:

Darland House

44 Winnington Hill

Northwich

Cheshire

CW8 1AU

REGISTERED NUMBER:

02596125 (England and Wales)

FIXED ASSETS

Tangible assets

4

443,069

453,282

Investments

5

273,985

717,054

727,267

CURRENT ASSETS

Work in progress

127,604

Debtors

6

277,786

429,652

Cash at bank

94,427

2,584

499,817

559,840

CREDITORS

Amounts falling due within one year

7

53,185

14,715

NET CURRENT ASSETS

446,632

545,125

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,163,686

1,272,392

PROVISIONS FOR LIABILITIES

3,772

7,543

NET ASSETS

1,159,914

1,264,849

CAPITAL AND RESERVES

Called up share capital

8

100

Profit and loss account

1,159,814

1,264,749

SHAREHOLDERS' FUNDS

1,159,914

1,264,849

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 18 September 2025 and were signed on its behalf by:

R J Barnes - Director

T J Barnes - Director

1.	STATUTORY INFORMATION

Grange Properties (North West) 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 as modified by the revaluation of certain assets.

Exemption from preparing consolidated financial statements

The financial statements contain information about Grange Properties (North West) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures, fittings & computers

-

20% on cost

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investment in subsidiary company is held at historical cost less accumulated impairment losses.

Other investments

Other investments are held at historical cost less accumulated impairment losses as there is no active market for the investments and no reliable measure of fair value.

Work in progress

Development projects are stated at lower of cost and net realisable value. Cost includes, development land, materials, labour costs, professional charges, finance costs, site overheads and other attributable overheads.

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 NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures,

Freehold

Plant and

fittings

Motor

property

machinery

& computers

vehicles

Totals

£

COST

At 1 January 2024

and 31 December 2024

510,514

49,324

1,150

16,100

577,088

DEPRECIATION

At 1 January 2024

57,244

49,324

1,150

16,088

123,806

Charge for year

10,210

-

3

10,213

At 31 December 2024

67,454

49,324

1,150

16,091

134,019

NET BOOK VALUE

At 31 December 2024

443,060

-

9

443,069

At 31 December 2023

453,270

-

12

453,282

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

100

273,885

273,985

NET BOOK VALUE

At 31 December 2024

100

273,885

273,985

At 31 December 2023

100

273,885

273,985

6.

DEBTORS

2024

2023

£

Other debtors

151,784

150,872

Amounts owed by group undertakings

126,002

278,780

277,786

429,652

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Corporation tax

1,972

3,538

Directors' loan accounts

37,012

66

Accruals

14,201

11,111

53,185

14,715

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

85

'A' Ordinary

£1

85

15

'B' Ordinary

£1

15

100