Gransim Properties (No.3) Limited

	Page
Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2

Registered number: 02490296

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors		1,145,966		909,445
Cash at bank and in hand		3,221		71,825

		1,149,187		981,270
Creditors: Amounts Falling Due Within One Year		(817,517 )		(650,902 )

NET CURRENT ASSETS (LIABILITIES)			331,670		330,368

TOTAL ASSETS LESS CURRENT LIABILITIES			331,670		330,368

NET ASSETS			331,670		330,368

CAPITAL AND RESERVES
Called up share capital			120,000		120,000
Capital redemption reserve			25,000		25,000
Profit and Loss Account			186,670		185,368

SHAREHOLDERS' FUNDS			331,670		330,368

For the year ending 31 March 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.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr H Simons

Director

11 December 2025

The notes on page 2 form part of these financial statements.

1. General Information

Gransim Properties (No.3) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02490296 . The registered office is 124-150 Hackney Road, London, E2 7QL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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