REGISTERED NUMBER: 02737801 (England and Wales)

Financial Statements for the Year Ended 31st January 2025

for

Gramdon Services Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J P Gallagher

A J Gallagher

K A Victory

SECRETARY:

A J Gallagher

REGISTERED OFFICE:

First Floor

87 Kenton Road

Harrow

Middlesex

HA3 0AH

REGISTERED NUMBER:

02737801 (England and Wales)

FIXED ASSETS

Investment property

4

5,395,000

5,735,000

CURRENT ASSETS

Debtors

3,804,171

3,730,214

Cash at bank

1,247,191

989,826

5,051,362

4,720,040

CREDITORS

Amounts falling due within one year

253,751

210,154

NET CURRENT ASSETS

4,797,611

4,509,886

TOTAL ASSETS LESS CURRENT LIABILITIES

10,192,611

10,244,886

PROVISIONS FOR LIABILITIES

5

560,838

645,838

NET ASSETS

9,631,773

9,599,048

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9,631,771

9,599,046

SHAREHOLDERS' FUNDS

9,631,773

9,599,048

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 31st October 2025 and were signed on its behalf by:

A J Gallagher - Director

1.	STATUTORY INFORMATION

Gramdon Services 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.

Turnover

Turnover shown in profit and loss accounts represents rental income which is recognised as receivable rents for the year.

Investment property

Investment properties are freeholds/leasehold properties held to earn rental income and for capital appreciation. Investment properties are stated in the balance sheet at open market value. Changes in market value are recognised as revaluation gains/losses and go to the profit and loss.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st February 2024

5,735,000

Revaluations

(340,000

)

At 31st January 2025

5,395,000

NET BOOK VALUE

At 31st January 2025

5,395,000

At 31st January 2024

5,735,000

Investment properties have been valued by the directors which is at their market value.

5.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

560,838

645,838

Deferred

tax

£

Balance at 1st February 2024

645,838

Provided during year

(85,000

)

Balance at 31st January 2025

560,838

6.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 31st January 2025 and 31st January 2024:

31.1.25

31.1.24

£

£

J P Gallagher

Balance outstanding at start of year

(398

)

(398

)

Amounts advanced

398

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(398

)

A J Gallagher

Balance outstanding at start of year

(258

)

(258

)

Amounts advanced

258

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(258

)

7.	RELATED PARTY DISCLOSURES

The following transactions were with related parties:

Vadsala Ltd

Horsley Estate Ltd

£

£

Balance as at 01/02/2024

1,223,080

2,155,454

Paid / (Received)

(38,500

)

(38,889

)

Interest

48,051

85,811

Balance as at 31/01/2025

1,232,631

2,202376

Vadsala

Interest charged during the year was £48,051 (2024: £48,758) which has been calculated based on the interest rate of 4% which has been fixed for 5 years.

Horsley Estate Ltd

Interest charged during the year was £85,811 (2024: £86,071) which has been calculated based on the interest rate of 4% which has been fixed for 5 years.