Company registration number 12405853 (England and Wales)
GR BASE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
One Bell Lane
Lewes
East Sussex
BN7 1JU
GR BASE LIMITED
CONTENTS
Page
Company information
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 10
GR BASE LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr P A Barton
Mrs E A Barton
Company number
12405853
Registered office
Grassington Farm
Warren Lane
North Chailey
Lewes
East Sussex
BN8 4HW
Accountants
TC Group
One Bell Lane
Lewes
East Sussex
BN7 1JU
GR BASE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MAY 2025
31 May 2025
- 2 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
4
730
1,758
Investment property
5
350,000
320,000
350,730
321,758
Current assets
Trade and other receivables
6
5,254
12,107
Cash and cash equivalents
42,807
44,704
48,061
56,811
Current liabilities
7
(12,891)
(10,809)
Net current assets
35,170
46,002
Total assets less current liabilities
385,900
367,760
Non-current liabilities
8
-
0
(534)
Provisions for liabilities
(7,500)
-
0
Net assets
378,400
367,226
Equity
Called up share capital
9
100
100
Retained earnings
10
378,300
367,126
Total equity
378,400
367,226
GR BASE LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 3 -

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 February 2026 and are signed on its behalf by:
Mr P A Barton
Director
Company registration number 12405853 (England and Wales)
GR BASE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
1
Accounting policies
Company information

GR Base Limited is a private company limited by shares incorporated in England and Wales. The registered office is Grassington Farm, Warren Lane, North Chailey, Lewes, East Sussex, BN8 4HW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover represents amounts receivable for rental and management services net of VAT and trade discounts.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Trademark costs
50% straight line basis
1.4
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% straight line basis
Poultry equipment - 10% straight line basis
Fixtures and fittings
20% straight line basis
GR BASE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 5 -

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

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

GR BASE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

GR BASE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Intangible fixed assets
Other
£
Cost
At 1 June 2024 and 31 May 2025
168
Amortisation and impairment
At 1 June 2024 and 31 May 2025
168
Carrying amount
At 31 May 2025
-
0
At 31 May 2024
-
0
4
Property, plant and equipment
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 June 2024 and 31 May 2025
2,930
2,322
5,252
Depreciation and impairment
At 1 June 2024
2,264
1,230
3,494
Depreciation charged in the year
566
462
1,028
At 31 May 2025
2,830
1,692
4,522
Carrying amount
At 31 May 2025
100
630
730
At 31 May 2024
666
1,092
1,758
GR BASE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 8 -
5
Investment property
2025
£
Fair value
At 1 June 2024
320,000
Revaluations
30,000
At 31 May 2025
350,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The property was acquired on 1 June 2020 and the directors do not believe there has been a material change in value.

6
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
4,207
3,505
Amounts owed by group undertakings
5
-
0
Other receivables
1,042
8,602
5,254
12,107
7
Current liabilities
2025
2024
£
£
Trade payables
2,032
1,490
Taxation and social security
7,086
4,668
Other payables
3,773
4,651
12,891
10,809
8
Non-current liabilities
2025
2024
£
£
Other payables
-
0
534
GR BASE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 9 -
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
10
Retained earnings
2025
2024
£
£
At the beginning of the year
367,126
419
Profit for the year
25,674
366,707
Dividends declared and paid in the year
(14,500)
-
At the end of the year
378,300
367,126

Included within retained earnings are non-distributable profits, as set out below:

2025
2024
£
£
Non-distributable profits included above
At the beginning of the year
-
-
Non distributable profits in the year
22,500
-
Transfer of non-distributable profits relating to prior periods
320,000
-
At the end of the year
342,500
-
Distributable profits
35,800
367,126
11
Related party transactions
2025
2024
Amounts due to related parties
£
£
Other related parties
-
534

As at the balance sheet date the following amounts were owed by the company to related parties:

Grassington Rangers Limited were due (£0)£5 (202 4: £534)

GR BASE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 10 -
12
Parent company

The parent company of GR Base Limited is GR Base Holdings Ltd whose registered office is Grassington Farm, Warren Lane, North Chailey, Lewes, East Sussex, BN8 4HW.

The company is controlled by GR Base Holdings Ltd, who own 100% of the issued share capital after a share transfer from Grassington Rangers Limited on 12 June 2024.

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