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REGISTERED NUMBER: 04435159 (England and Wales)

| GRS Properties Limited |

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

GRS Properties Limited (Registered number: 04435159)

Contents of the Financial Statements

for the year ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

GRS Properties Limited

Company Information

for the year ended 31 March 2025

| DIRECTOR: | GR Smith

| REGISTERED OFFICE: | Hesketh House

| 156 Ratten Lane

| Hutton

| Preston

| Lancashire

| PR4 5TH

| REGISTERED NUMBER: | 04435159 (England and Wales)

| ACCOUNTANTS: | McMillan & Co LLP

| Chartered Accountants

| 28 Eaton Avenue

| Matrix Office Park

| Buckshaw Village

| Chorley

| Lancashire

| PR7 7NA

GRS Properties Limited (Registered number: 04435159)

Balance Sheet

31 March 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Investment property | 4 | 60,000 |  | 60,000 |  |

CURRENT ASSETS

Cash at bank | 8,958 |  | 5,685 |  |

CREDITORS

Amounts falling due within one year | 5 | 1,494 |  | 1,362 |  |

NET CURRENT ASSETS | 7,464 |  | 4,323 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 67,464 |  | 64,323 |  |

CREDITORS

Amounts falling due after more than one year | 6 | 37,600 |  | 37,000 |  |

NET ASSETS | 29,864 |  | 27,323 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 100 |  | 100 |  |

Revaluation reserve | 24,063 |  | 24,063 |  |

Retained earnings | 5,701 |  | 3,160 |  |

SHAREHOLDERS' FUNDS | 29,864 |  | 27,323 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GRS Properties Limited (Registered number: 04435159)

Balance Sheet - continued

31 March 2025

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2025 and were signed by:

GR Smith - Director

GRS Properties Limited (Registered number: 04435159)

Notes to the Financial Statements

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| GRS 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 (£).

| The amounts in the financial statements have been rounded to the nearest £1.

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.

| Turnover

| Turnover represents rents receivable.

| Financial instruments

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

| Investment properties

| In accordance with Statement of Standard Accounting Practice No. 19, the company's properties are held for long-term investment and are included in the Balance Sheet at their open market values. Any surplus or deficit on revaluation of such properties is transferred to the investment property revaluation reserve. Depreciation is not provided in respect of freehold investment properties. This policy represents a departure from the requirements of the Companies Act, which requires depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

4. | INVESTMENT PROPERTY

Total |

| £

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 60,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 60,000 |  |

| At 31 March 2024 | 60,000 |  |

GRS Properties Limited (Registered number: 04435159)

Notes to the Financial Statements - continued

for the year ended 31 March 2025

4. | INVESTMENT PROPERTY - continued

| The property was valued on an open market basis by Peill and Company as at 10 November 2003 at £60,000, the directors' value the property at the same amount on an open market basis as at 31 March 2025. On a historical cost basis, freehold property would have been included at £35,937 (2024: £35,937).

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Corporation tax | 743 |  | 662 |  |

| Director's loan account | 91 |  | 40 |  |

| Accruals and deferred income | 660 |  | 660 |  |

1,494 |  | 1,362 |  |

| The director's loan account is unsecured, bears no interest and has no fixed repayment term.

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

| £ | £

| Director's loan account | 37,600 |  | 37,000 |  |

| The director's loan account is unsecured, bears no interest and has no fixed repayment term.

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 100 | Ordinary | £1 | 100 |  | 100 |  |

8. | RELATED PARTY DISCLOSURES

| In the director's opinion the company is controlled by Mr GR Smith.