Grand Central Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01143209 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Grand Central Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N F Springer

Mrs E K Springer

REGISTERED OFFICE:

67 Westow Street

Upper Norwood

London

SE19 3RW

REGISTERED NUMBER:

01143209 (England and Wales)

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

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

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.

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

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 ) .

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

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

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

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

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

)