REGISTERED NUMBER: 07633482 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

GRANGEFARM ESTATES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A Bard

REGISTERED OFFICE:

116 Bethune Road

London

N16 5DU

REGISTERED NUMBER:

07633482 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

5

5,268

6,196

Investments

6

2

2

Investment property

7

1,961,605

2,211,605

1,966,875

2,217,803

CURRENT ASSETS

Debtors

8

4,883,708

4,502,595

Cash at bank

25,013

47,293

4,908,721

4,549,888

CREDITORS

Amounts falling due within one year

9

(4,215,545

)

(3,880,586

)

NET CURRENT ASSETS

693,176

669,302

TOTAL ASSETS LESS CURRENT LIABILITIES

2,660,051

2,887,105

CREDITORS

Amounts falling due after more than one year

10

(1,649,798

)

(1,919,641

)

NET ASSETS

1,010,253

967,464

CAPITAL AND RESERVES

Called up share capital

13

1

1

Retained earnings

14

1,010,252

967,463

SHAREHOLDERS' FUNDS

1,010,253

967,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and authorized for issue by the director and authorised for issue on 12 May 2026 and were signed by:

A Bard - Director

1.	STATUTORY INFORMATION

Grangefarm Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net rent receivable, excluding value added tax.

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2024

and 31 August 2025

19,763

DEPRECIATION

At 1 September 2024

13,567

Charge for year

928

At 31 August 2025

14,495

NET BOOK VALUE

At 31 August 2025

5,268

At 31 August 2024

6,196

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2024

and 31 August 2025

2

NET BOOK VALUE

At 31 August 2025

2

At 31 August 2024

2

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

2,211,605

Disposals

(250,000

)

At 31 August 2025

1,961,605

NET BOOK VALUE

At 31 August 2025

1,961,605

At 31 August 2024

2,211,605

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Amounts owed by group undertakings

4,308,708

3,982,595

Other debtors

575,000

520,000

4,883,708

4,502,595

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

11,119

6,366

Taxation and social security

1,850

3,347

Other creditors

4,202,576

3,870,873

4,215,545

3,880,586

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans (see note 11)

1,622,984

1,887,281

Other creditors

26,814

32,360

1,649,798

1,919,641

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,622,984

1,887,281

Other creditors include Bounceback loan of £26,814 [2024 - £32,360]. The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

11.

LOANS

An analysis of the maturity of loans is given below:

31.8.25

31.8.24

£

£

Amounts falling due between two and five years:

Other loans - 2-5 years

26,814

32,360

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,622,984

1,887,281

12.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank loans

1,622,984

1,887,281

Bank loan is secured by a first charge over company's investment properties and bear interest at variable rates.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

1

Ordinary

£1

1

1

14.

RESERVES

Retained

earnings

£

At 1 September 2024

967,463

Profit for the year

42,789

At 31 August 2025

1,010,252

15.	ULTIMATE CONTROLLING PARTY

The controlling party is A Bard.