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Registration number: NI634443

Grant Properties (Belfast) Limited
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 July 2025

Grant Properties (Belfast) Limited

Contents

Company Information | 1
Accountants' Report | 2
Abridged Balance Sheet | 3
Notes to the Unaudited Abridged Financial Statements | 4 to 6

Grant Properties (Belfast) Limited

Company Information

Directors | Mr Paul William Megahey Mrs Heather Megahey

Registered office | 72 Hampton Park Belfast BT7 3JP

Accountants | Hamilton Morris Waugh Chartered Certified Accountants34 Dufferin Avenue Bangor Down BT20 3AA

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Grant Properties (Belfast) Limited
for the Year Ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Grant Properties (Belfast) Limited for the year ended 31 July 2025 as set out on pages 3 to 6 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 (ACCA), we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Grant Properties (Belfast) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Grant Properties (Belfast) Limited and state those matters that we have agreed to state to the Board of Directors of Grant Properties (Belfast) Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grant Properties (Belfast) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Grant Properties (Belfast) 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 Grant Properties (Belfast) Limited. You consider that Grant Properties (Belfast) 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 Grant Properties (Belfast) 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.

......................................
Hamilton Morris Waugh
Chartered Certified Accountants
34 Dufferin Avenue
Bangor
Down
BT20 3AA

30 October 2025

Grant Properties (Belfast) Limited

(Registration number: NI634443)
Abridged Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,060,377 | 1,060,538
Current assets |  |  |
Cash at bank and in hand |  | 31,276 | 12,152
Creditors: Amounts falling due within one year |  | (152,658) | (169,096)
Net current liabilities |  | (121,382) | (156,944)
Total assets less current liabilities |  | 938,995 | 903,594
Accruals and deferred income |  | (1,127) | (1,038)
Net assets |  | 937,868 | 902,556
Capital and reserves |  |  |
Called up share capital | 5 | 100 | 100
Retained earnings |  | 937,768 | 902,456
Shareholders' funds |  | 937,868 | 902,556

For the financial year ending 31 July 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; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2025 and signed on its behalf by:

......................................... Mr Paul William Megahey Director

Grant Properties (Belfast) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
72 Hampton Park
Belfast
BT7 3JP
Northern Ireland

The principal place of business is:
72 Hampton Park
Belfast
BT7 3JP
Northern Ireland

These financial statements were authorised for issue by the Board on 30 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Grant Properties (Belfast) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | Not depreciated
Office Equipment | 25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Grant Properties (Belfast) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 August 2024 | 1,059,892 | 898 | 1,060,790
At 31 July 2025 | 1,059,892 | 898 | 1,060,790
Depreciation
At 1 August 2024 | - | 252 | 252
Charge for the year | - | 161 | 161
At 31 July 2025 | - | 413 | 413
Carrying amount
At 31 July 2025 | 1,059,892 | 485 | 1,060,377
At 31 July 2024 | 1,059,892 | 646 | 1,060,538

Included within the net book value of land and buildings above is £1,059,892 (2024 - £1,059,892) in respect of freehold land and buildings.

5 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 100 | 100 | 100 | 100