REGISTERED NUMBER: 01892262 (England and Wales)

Grenfell House Limited

Unaudited Financial Statements

For The Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M B Leeming

N J Leeming

SECRETARY:

M B Leeming

REGISTERED OFFICE:

Unit 6

Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

REGISTERED NUMBER:

01892262 (England and Wales)

ACCOUNTANTS:

Nuvo Accountancy Limited

Chartered Certified Accountants

Unit 6, Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

FIXED ASSETS

Tangible assets

4

13,545

16,972

Investment property

5

7,244,933

7,200,000

7,258,478

7,216,972

CURRENT ASSETS

Debtors

6

143,900

169,470

Cash at bank

139,489

173,921

283,389

343,391

CREDITORS

Amounts falling due within one year

7

546,585

473,978

NET CURRENT LIABILITIES

(263,196

)

(130,587

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,995,282

7,086,385

PROVISIONS FOR LIABILITIES

1,076,148

1,076,148

NET ASSETS

5,919,134

6,010,237

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Fair value reserve

9

3,420,572

3,420,572

Retained earnings

2,488,562

2,579,665

SHAREHOLDERS' FUNDS

5,919,134

6,010,237

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 23 December 2025 and were signed on its behalf by:

M B Leeming - Director

1.	STATUTORY INFORMATION

Grenfell House 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.	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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents, service charges and insurance, electricity and water recharges for the year.

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

-

25% straight line

Investment property

The company's investment properties are valued by the director annually and shown in the accounts at this valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss in accordance with Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". It is considered that this treatment results in the accounts giving a true and fair view although it represents a departure from the specific legal requirement to provide depreciation on all fixed assets having a limited useful economic life.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

47,593

Additions

5,000

At 31 March 2025

52,593

DEPRECIATION

At 1 April 2024

30,621

Charge for year

8,427

At 31 March 2025

39,048

NET BOOK VALUE

At 31 March 2025

13,545

At 31 March 2024

16,972

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

7,200,000

Additions

44,933

At 31 March 2025

7,244,933

NET BOOK VALUE

At 31 March 2025

7,244,933

At 31 March 2024

7,200,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

7,244,933

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

2,748,216

2,703,282

Aggregate depreciation

(339,870

)

(284,902

)

The investment properties were valued on an open market basis on 31 March 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

103,073

142,012

Other debtors

40,827

27,458

143,900

169,470

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

188,656

24,680

Taxation and social security

6,462

150,566

Other creditors

351,467

298,732

546,585

473,978

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary

£1

10,000

10,000

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

3,420,572