REGISTERED NUMBER: 04194115 (England and Wales)

Financial Statements

for the Year Ended 31 July 2025

for

Gretpark Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J J Maguire

REGISTERED OFFICE:

The Future Business Park

Darlington Road

SHILDON

County Durham

DL4 2RB

REGISTERED NUMBER:

04194115 (England and Wales)

SENIOR STATUTORY AUDITOR:

Kevin Shotton BA FCA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Investment property

4

2,820,000

2,820,000

CURRENT ASSETS

Cash at bank

71,767

14,610

CREDITORS

Amounts falling due within one year

5

(166,492

)

(124,176

)

NET CURRENT LIABILITIES

(94,725

)

(109,566

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,725,275

2,710,434

PROVISIONS FOR LIABILITIES

6

(206,591

)

(206,591

)

NET ASSETS

2,518,684

2,503,843

CAPITAL AND RESERVES

Called up share capital

7

3

3

Investment property revaluations

1,365,071

1,365,071

Retained earnings

1,153,610

1,138,769

SHAREHOLDERS' FUNDS

2,518,684

2,503,843

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2026 and were signed by:

J J Maguire - Director

1.	STATUTORY INFORMATION

Gretpark Properties 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 the provisions of Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provision of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from the standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Income is recognised in line with the rental agreement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Investment property

Investment property is included at fair value and gains are recognised in the Profit and Loss Account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Related party transactions

All transactions entered into with companies under common control and the directors were concluded under normal market conditions, therefore no further disclosure is necessary in accordance with FRS102 section 1A.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

and 31 July 2025

2,820,000

NET BOOK VALUE

At 31 July 2025

2,820,000

At 31 July 2024

2,820,000

Cost or valuation at 31 July 2025 is represented by:

£

Valuation in 2024

1,570,071

Cost

1,249,929

2,820,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,249,929

1,249,929

Investment property are valued on an open market basis by the directors supported by previous independent valuations undertaken in 2024. The directors do not consider there to be any significant movement in the valuations undertaken.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

(Unaudited)

£

£

Amounts owed to group undertakings

57,000

-

Taxation and Social Security

68,151

82,835

Accruals and deferred income

41,341

41,341

166,492

124,176

6.	PROVISIONS FOR LIABILITIES

2025

2024

as restated

(Unaudited)

£

£

Deferred tax

206,591

206,591

Deferred

tax

£

Balance at 1 August 2024

206,591

Balance at 31 July 2025

206,591

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

3

Ordinary

£1

3

3

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shotton BA FCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

9.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is JM Property Investments Limited and ultimate parent is J Maguire Holdings Limited which prepares group financial statements. The registered office of J Maguire Holdings Limited is The Future Business Park, Darlington Road, Shildon, County Durham, DL4 2RB.

The ultimate controlling party is JJ Maguire by virtue of shareholding.