REGISTERED NUMBER: 10059655 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GREY OAK DEVELOPMENTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C Paradiso

Mrs E V M Paradiso

REGISTERED OFFICE:

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

BUSINESS ADDRESS:

Grove Hill Farm

Manor Road

Towersey

Oxfordshire

OX9 3QT

REGISTERED NUMBER:

10059655 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Tangible assets

3

2,653

1,745

CURRENT ASSETS

Stocks

4

3,613,897

2,174,210

Debtors

5

64,176

71,275

Cash at bank

8,451

125,182

3,686,524

2,370,667

CREDITORS

Amounts falling due within one year

6

1,012,810

697,442

NET CURRENT ASSETS

2,673,714

1,673,225

TOTAL ASSETS LESS CURRENT LIABILITIES

2,676,367

1,674,970

CREDITORS

Amounts falling due after more than one year

7

(1,922,113

)

(718,572

)

PROVISIONS FOR LIABILITIES

9

(504

)

(332

)

NET ASSETS

753,750

956,066

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

753,650

955,966

753,750

956,066

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr C Paradiso - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2.	EMPLOYEES AND DIRECTORS

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

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

2,103

3,404

5,507

Additions

-

2,001

2,001

At 31 March 2025

2,103

5,405

7,508

DEPRECIATION

At 1 April 2024

1,310

2,452

3,762

Charge for year

119

974

1,093

At 31 March 2025

1,429

3,426

4,855

NET BOOK VALUE

At 31 March 2025

674

1,979

2,653

At 31 March 2024

793

952

1,745

4.

STOCKS

2025

2024

£

£

Work-in-progress

3,613,897

2,174,210

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

57,121

59,044

Prepayments

7,055

12,231

64,176

71,275

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Other loans

8,333

-

Trade creditors

59,620

67,450

Taxation and social security

6,617

1,099

Other creditors

54,087

50,337

Directors' loan accounts

868,861

565,978

Accrued expenses

5,292

2,578

1,012,810

697,442

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

5,494

10,000

Bank loans - 1-5 years

1,916,619

708,572

1,922,113

718,572

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,932,113

728,572

Other loans

8,333

-

1,940,446

728,572

A proportion of the secured debts is secured by fixed and floating charges over the freehold properties. The bounce back loan proportion is guaranteed by the UK government.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

504

332

Deferred

tax

£

Balance at 1 April 2024

332

Capital allowances

172

Balance at 31 March 2025

504