Garrison Associates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03187767

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		701,785		1,952,230

			701,785		1,952,230
CURRENT ASSETS
Debtors	5	43,769		33,091
Cash at bank and in hand		1,340,121		155,156

		1,383,890		188,247
Creditors: Amounts Falling Due Within One Year	6	(106,930 )		(17,288 )

NET CURRENT ASSETS (LIABILITIES)			1,276,960		170,959

TOTAL ASSETS LESS CURRENT LIABILITIES			1,978,745		2,123,189

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(40,677 )		(90,521 )

NET ASSETS			1,938,068		2,032,668

CAPITAL AND RESERVES
Called up share capital	8		500,002		500,002
Profit and Loss Account			1,438,066		1,532,666

SHAREHOLDERS' FUNDS			1,938,068		2,032,668

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Garrison Associates Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Margaret Warner

Director

21/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Garrison Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03187767 . The registered office is 80 Guildhall Street, Bury St Edmunds, Suffolk, IP33 1QB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Turnover

Turnover comprises the rental income from investment properties.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	not depreciated
Plant & Machinery	10-25% on cost
Fixtures & Fittings	10-25% on cost

2.4. Investment Properties

Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.

Investment properties shall be included in the balance sheet at their market value.

2.5. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 May 2024	1,950,000	8,341	11,736	1,970,077
Disposals	(1,250,000 )	-	-	(1,250,000 )

As at 30 April 2025	700,000	8,341	11,736	720,077

Depreciation
As at 1 May 2024	-	6,111	11,736	17,847
Provided during the period	-	445	-	445

As at 30 April 2025	-	6,556	11,736	18,292

Net Book Value
As at 30 April 2025	700,000	1,785	-	701,785

As at 1 May 2024	1,950,000	2,230	-	1,952,230

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Garrison Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

Freehold land and buildings are exclusively investment properties.

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	1,436	5,775
VAT	2,136	27,316
Directors' loan accounts	30,054	-

	33,626	33,091
Due after more than one year
Corporation tax recoverable assets	10,143	-

	43,769	33,091

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	16,057	1,558
Corporation tax	32,044	3,428
Accruals and deferred income	58,829	11,965
Directors' loan accounts	-	337

	106,930	17,288

7. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances and the future tax impact of fair value gains and losses on investment properties.

	2025	2024
	£	£
Other timing differences	40,677	90,521

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	500,002	500,002

9. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans to directors:

	As at 1 May 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 April 2025
	£	£	£	£	£
Mrs Margaret Warner	(337 )	30,393	-	-	30,054

The above loan is unsecured and repayable on demand.

10. Reserves

Revaluation of investment properties has resulted in a fair value reserve of £133,733. This represents unrealised profits after tax on the future sale of the properties.

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Garrison Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

11. Ultimate Controlling Party

The company's ultimate controlling party is Margaret Warner by virtue of her ownership of 100% of the issued share capital in the company.