Company No: 05135023 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	3,532,242		2,976,696
		3,532,242		2,976,696
Current assets
Debtors	4	52,221		52,221
Cash at bank and in hand	5	8,436		22,731
		60,657		74,952
Creditors: amounts falling due within one year	6	( 191,713)		( 308,466)
Net current liabilities		(131,056)		(233,514)
Total assets less current liabilities		3,401,186		2,743,182
Creditors: amounts falling due after more than one year	7	( 3,306,869)		( 2,674,789)
Net assets		94,317		68,393
Capital and reserves
Called-up share capital		1		1
Profit and loss account		94,316		68,392
Total shareholder's funds		94,317		68,393

For the financial year ending 05 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Grangehall Properties Ltd (registered number: 05135023) were approved and authorised for issue by the Director on 14 November 2025. They were signed on its behalf by:

Mr M H P Allweis Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Grangehall Properties Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 176 Stamford St, Ashton Under Lyne, OL6 7LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Turnover represents income derived from properties occupied by tenants during the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property

not depreciated

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Investment property		Total
	£		£
Cost
At 06 April 2024	2,976,696		2,976,696
Additions	931,344		931,344
Disposals	( 375,798)		( 375,798)
At 05 April 2025	3,532,242		3,532,242
Accumulated depreciation
At 06 April 2024	0		0
At 05 April 2025	0		0
Net book value
At 05 April 2025	3,532,242		3,532,242
At 05 April 2024	2,976,696		2,976,696

The investment properties are currently held at cost, as in the opinion of the director this is not too dissimilar to the properties valuation.

4. Debtors

	2025		2024
	£		£
Other debtors	52,221		52,221

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	8,436		22,731

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	6,544		5,780
Other creditors	185,169		302,686
	191,713		308,466

The bank loans and mortgages (other loans) are secured on the investment properties held by the company.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	72,256		80,055
Other creditors	3,234,613		2,594,734
	3,306,869		2,674,789

The bank loans and mortgages (other loans) are secured on the investment properties held by the company.