IRIS Accounts Production v25.4.0.155 01143209 Board of Directors 1.4.24 31.3.25 31.3.25 true false true false false true false Ordinary shares 1.00000 832601 1227843 46189 395242 878790 832601 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01143209 2024-03-31 01143209 2025-03-31 01143209 2024-04-01 2025-03-31 01143209 2023-03-31 01143209 2023-04-01 2024-03-31 01143209 2024-03-31 01143209 ns15:EnglandWales 2024-04-01 2025-03-31 01143209 ns14:PoundSterling 2024-04-01 2025-03-31 01143209 ns10:Director1 2024-04-01 2025-03-31 01143209 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01143209 ns10:SmallEntities 2024-04-01 2025-03-31 01143209 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01143209 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 01143209 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01143209 ns10:FullAccounts 2024-04-01 2025-03-31 01143209 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 01143209 ns10:Director2 42 2024-03-31 01143209 ns10:Director2 42 2023-03-31 01143209 ns10:Director2 42 2024-04-01 2025-03-31 01143209 ns10:Director2 42 2023-04-01 2024-03-31 01143209 ns10:Director2 42 2025-03-31 01143209 ns10:Director2 42 2024-03-31 01143209 ns10:Director2 2024-04-01 2025-03-31 01143209 ns10:RegisteredOffice 2024-04-01 2025-03-31 01143209 ns5:CurrentFinancialInstruments 2025-03-31 01143209 ns5:CurrentFinancialInstruments 2024-03-31 01143209 ns5:Non-currentFinancialInstruments 2025-03-31 01143209 ns5:Non-currentFinancialInstruments 2024-03-31 01143209 ns5:ShareCapital 2025-03-31 01143209 ns5:ShareCapital 2024-03-31 01143209 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 01143209 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 01143209 ns5:PlantMachinery 2024-04-01 2025-03-31 01143209 ns5:PlantMachinery 2024-03-31 01143209 ns5:PlantMachinery 2025-03-31 01143209 ns5:PlantMachinery 2024-03-31 01143209 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 01143209 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 01143209 ns5:Secured 2025-03-31 01143209 ns5:Secured 2024-03-31 01143209 ns5:DeferredTaxation 2024-03-31 01143209 ns5:DeferredTaxation 2025-03-31 01143209 ns10:OrdinaryShareClass1 2025-03-31 01143209 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 01143209 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 01143209 1 ns10:Director1 2024-03-31 01143209 1 ns10:Director1 2023-03-31 01143209 1 ns10:Director1 2024-04-01 2025-03-31 01143209 1 ns10:Director1 2023-04-01 2024-03-31 01143209 1 ns10:Director1 2025-03-31 01143209 1 ns10:Director1 2024-03-31

REGISTERED NUMBER: 01143209 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Grand Central Properties Limited

Grand Central Properties Limited (Registered number: 01143209)

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 |

Grand Central Properties Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | N F Springer

| Mrs E K Springer

| REGISTERED OFFICE: | 67 Westow Street

| Upper Norwood

| London

| SE19 3RW

| REGISTERED NUMBER: | 01143209 (England and Wales)

Grand Central Properties Limited (Registered number: 01143209)

Balance Sheet

31 March 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 39,401 |  | 52,534 |  |

Investments | 6 | - |  | 131 |  |

39,401 |  | 52,665 |  |

CURRENT ASSETS

Stocks | 8,758,020 |  | 10,447,389 |  |

Debtors | 7 | 6,145,078 |  | 5,899,247 |  |

Investments | 8 | 1 |  | 1 |  |

Cash at bank | 1,339,556 |  | 190,015 |  |

16,242,655 |  | 16,536,652 |  |

CREDITORS

Amounts falling due within one year | 9 | (1,223,242 | ) | (1,177,900 | ) |

NET CURRENT ASSETS | 15,019,413 |  | 15,358,752 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 15,058,814 |  | 15,411,417 |  |

CREDITORS

Amounts falling due after more than one year | 10 | (1,990,633 | ) | (2,297,572 | ) |

PROVISIONS FOR LIABILITIES | 12 | (363,188 | ) | (363,188 | ) |

NET ASSETS | 12,704,993 |  | 12,750,657 |  |

CAPITAL AND RESERVES

Called up share capital | 13 | 1,100 |  | 1,100 |  |

Retained earnings | 14 | 12,703,893 |  | 12,749,557 |  |

SHAREHOLDERS' FUNDS | 12,704,993 |  | 12,750,657 |  |

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 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.

Grand Central Properties Limited (Registered number: 01143209)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2025 and were signed on its behalf by:

N F Springer - Director

Grand Central Properties Limited (Registered number: 01143209)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Grand Central 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.

2. | STATEMENT OF COMPLIANCE

| 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. This is the first year of adoption of FRS 102 section 1A. The transitional adjustments are included in the notes to the financial statements.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

| Turnover

| Turnover represents rents receivable and the sale of properties.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 15% on reducing balance

| Stock

| Stock of former investment properties are show at market value, development stock is shown at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date that are expected to apply to the reversal of the timing difference.

| Current asset investments

| Investments in subsidiary, associates and jointly controlled entities are included at fair value. The share of profit or loss from the Godwin Way LLP for its accounting period ending within the accounting period of the company is included in the accounts of that period of the company as a value adjustment.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

Grand Central Properties Limited (Registered number: 01143209)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 94,621 |  |

| DEPRECIATION

| At 1 April 2024 | 42,087 |  |

| Charge for year | 13,133 |  |

| At 31 March 2025 | 55,220 |  |

| NET BOOK VALUE

| At 31 March 2025 | 39,401 |  |

| At 31 March 2024 | 52,534 |  |

6. | FIXED ASSET INVESTMENTS

| Investments (neither listed nor unlisted) were as follows:

| 31.3.25 |  | 31.3.24

£ | £ |

| Investment in Subsidiary | - |  | 100 |  |

| Investment in Associated Co. | - |  | 31 |  |

- |  | 131 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Other debtors | 6,145,078 |  | 5,899,247 |  |

8. | CURRENT ASSET INVESTMENTS

| PARTNERSHIP NET CURRENT ASSETS

| Bank £1

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts owed to associates | - |  | 2,729 |  |

| Taxation and social security | 253,389 |  | 225,313 |  |

| Other creditors | 969,853 |  | 949,858 |  |

1,223,242 |  | 1,177,900 |  |

Grand Central Properties Limited (Registered number: 01143209)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 1,940,500 |  | 2,230,728 |  |

| Other creditors | 50,133 |  | 66,844 |  |

1,990,633 |  | 2,297,572 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 1,940,500 |  | 2,230,728 |  |

| The Bank Loans are secured by Fixed Charges on Properties held and are repayable in less than five year.

12. | PROVISIONS FOR LIABILITIES

| 31.3.25 |  | 31.3.24

£ | £ |

| Deferred tax | 363,188 |  | 363,188 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 363,188 |  |

| Balance at 31 March 2025 | 363,188 |  |

13. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 1,100 | Ordinary shares | £1 | 1,100 |  | 1,100 |  |

14. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2024 | 12,749,557 |  |

| Profit for the year | 4,336 |  |

| Dividends | (50,000 | ) |

| At 31 March 2025 | 12,703,893 |  |

Grand Central Properties Limited (Registered number: 01143209)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

15. | CONTINGENT LIABILITIES

| Whilst there is a contingent liability for interest accruing on the loan from the director, no accrual is made as crystallisation of an interest liability is considered remote.

16. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

| 31.3.25 |  | 31.3.24

£ | £ |

| N F Springer and Mrs E K Springer

| Balance outstanding at start of year | (832,601 | ) | (1,227,843 | ) |

| Amounts advanced | (46,189 | ) | - |  |

| Amounts repaid | - |  | 395,242 |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (878,790 | ) | (832,601 | ) |