ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 05239547

GRANVILLES ESTATES LIMITED

UNAUDITED

PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024


GRANVILLES ESTATES LIMITED REGISTERED NUMBER:05239547

BALANCE SHEET

AS AT 31 OCTOBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	81,708		9,088
		81,708		9,088
Creditors: amounts falling due within one year	5	(64,012)		(28,955)
Net current assets/(liabilities)			17,696		(19,867)
Total assets less current liabilities			17,696		(19,867)
Creditors: amounts falling due after more than one year	6		(14,387)		(17,168)

Net assets/(liabilities)			3,309		(37,035)

Capital and reserves
Called up share capital	8	2	2
Profit and loss account		3,307	(37,037)
		3,309	(37,035)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 December 2025.

Martin Hugh Dixon	Barry Michael Klieff
Director	Director

The notes on pages 2 to 5 form part of these financial statements.


GRANVILLES ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

1.	General information

Granvilles Estates Limited is a private company, limited by shares, registered in England and Wales, the company registration number is 05239547. The registered office address is 465 Norwood Road, London, SE27 9DJ.

The principal activity of the company continued to be that of property management and related activities.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover from property management and related activities is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.


GRANVILLES ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Debtors

					2024	2023
					£	£


Trade debtors	6,271	9,088
Other debtors	55,900	-
Prepayments and accrued income	671	-
Tax recoverable	18,866	-
	81,708	9,088


GRANVILLES ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank overdrafts	2,048	1,567
Bank loans	3,263	3,262
Trade creditors	324	-
Corporation tax	21,580	-
Other creditors	26,526	19,326
Accruals and deferred income	10,271	4,800
	64,012	28,955

The bank loan of £3,262 included in creditors due within one year is a COVID Bounce BacK Loan,100% guaranteed by the government.

6.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

	Bank loans	14,387	17,168

The bank loan of £14,387 (2023 - £17,168) included in creditors due more than one year is a COVID Bounce Back Loan, 100% guaranteed by the government.

Amounts falling due within one year
Bank loans	3,263	3,263
	3,263	3,263

Amounts falling due 2-5 years
Bank loans	13,051	13,051
	13,051	13,051
Amounts falling due after more than 5 years
Bank loans	1,336	4,116
	1,336	4,116
	17,650	20,430


GRANVILLES ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

8.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

2 (2023 - 2) Ordinary shares of £1.00 each	2	2

9.	Related party transactions
	As at the year end, the company owned £26,526 (2023 - £21,326) to the directors.