Garrison Homes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05740121 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GARRISON HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G K Toor

Mr G S Toor

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

05740121 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

774

140

Investment property

5

535,000

535,774

535,140

CURRENT ASSETS

Debtors

6

35,579

31,769

Cash at bank and in hand

78,019

83,950

113,598

115,719

CREDITORS

Amounts falling due within one year

7

5,215

5,401

NET CURRENT ASSETS

108,383

110,318

TOTAL ASSETS LESS CURRENT
LIABILITIES

644,157

645,458

CREDITORS

Amounts falling due after more than one
year

8

(372,138

)

(373,515

)

PROVISIONS FOR LIABILITIES

10

(42,939

)

(42,939

)

NET ASSETS

229,080

229,004

CAPITAL AND RESERVES

Called up share capital

11

100

Fair value reserve

12

224,172

Retained earnings

4,808

4,732

SHAREHOLDERS' FUNDS

229,080

229,004

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 30 December 2025 and were signed on its behalf by:

Mr G S Toor - Director

1.	STATUTORY INFORMATION

Garrison Homes 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 amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales taxes.

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

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

2,679

Additions

891

At 31 March 2025

3,570

DEPRECIATION

At 1 April 2024

2,539

Charge for year

257

At 31 March 2025

2,796

NET BOOK VALUE

At 31 March 2025

774

At 31 March 2024

140

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

535,000

NET BOOK VALUE

At 31 March 2025

535,000

At 31 March 2024

535,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2008

52,111

Valuation in 2017

160,000

Valuation in 2024

55,000

Cost

267,889

535,000

If leasehold investments had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

267,889

Leasehold investments were valued on an open market basis on 12 September 2017 by OneSavings Bank plc .

At the reporting date the directors deem the value to be appropriate.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

11,336

9,622

Corporation tax recoverable

5,973

8,335

Directors' current accounts

17,813

12,987

Prepayments & accrued income

457

825

35,579

31,769

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts (see note 9)

1,307

1,275

Trade creditors

457

579

Tax

2,671

2,889

Accrued expenses

780

658

5,215

5,401

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans (see note 9)

372,138

373,515

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

366,842

368,416

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

Amounts falling due within one year or on demand:

Bank loans

1,307

1,275

Amounts falling due between one and two years:

Bank loans - 1-2 years

1,376

1,275

31.3.25

31.3.24

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

3,920

3,824

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

366,842

368,416

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

42,939

Deferred

tax

£

Balance at 1 April 2024

42,939

Balance at 31 March 2025

42,939

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

100

12.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

224,172

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mr G S Toor and Mrs G K Toor

Balance outstanding at start of year

12,987

13,367

Amounts advanced

4,826

-

Amounts repaid

-

(380

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

17,813

12,987

During the year the directors were charged interest of £358 (2024: £318) on their overdrawn directors' account calculated at HM Revenue and Customs rates.