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Company Registration No. 10598800 (England and Wales)
Granville Property Limited Unaudited accounts for the year ended 31 July 2025
Granville Property Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Granville Property Limited Company Information for the year ended 31 July 2025
Directors
Mr J Kidd Mrs C Kidd
Company Number
10598800 (England and Wales)
Registered Office
45 Priests Lane Brentwood Essex CM15 8BU
Accountants
Virtual FC 11 Sussex Avenue Romford RM3 0TA
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Granville Property Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
828,744
810,455
Current assets
Debtors
5
-
906
Cash at bank and in hand
15,749
5,212
15,749
6,118
Creditors: amounts falling due within one year
6
(2,540)
(3,416)
Net current assets
13,209
2,702
Total assets less current liabilities
841,953
813,157
Creditors: amounts falling due after more than one year
7
(681,531)
(680,187)
Provisions for liabilities
Deferred tax
(24,175)
(20,700)
Net assets
136,247
112,270
Capital and reserves
Called up share capital
400
400
Profit and loss account
135,847
111,870
Shareholders' funds
136,247
112,270
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by
Mr J Kidd Director Company Registration No. 10598800
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Granville Property Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Granville Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10598800. The registered office is 45 Priests Lane, Brentwood, Essex, CM15 8BU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment properties are held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently, investment properties whose fair value can be measured reliably, without undue cost or effort on an on-going basis, are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit or loss in the period in which they arise. Deferred taxation is provided on these gains or losses at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover represents investment property rental income, which is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Investment property
2025
£
Fair value at 1 August 2024
810,455
Net gain from fair value adjustments
18,289
At 31 July 2025
828,744
Interim investment property values are updated in line with the Nationwide property index.
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Granville Property Limited Notes to the Accounts for the year ended 31 July 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
-
906
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
-
906
Other creditors
2,000
2,000
Accruals
540
510
2,540
3,416
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
681,531
680,187
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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