ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

As restated

31 December

Registered number: 11253423

GRANTHAM ASTA RESIDENTIAL LIMITED

(FORMERLY DERWENT LONDON ASTA RESIDENTIAL LIMITED)

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 5 APRIL 2025


GRANTHAM ASTA RESIDENTIAL LIMITED REGISTERED NUMBER:11253423

BALANCE SHEET

AS AT 5 APRIL 2025

	5 April	As restated 31 December
	2025	2023
Note	£	£


Current assets
Debtors: amounts falling due within one year	4	1,500		77,134
		1,500		77,134
Creditors: amounts falling due within one year	5	(8,344)		(72,046)
Total assets less current liabilities			(6,844)		5,088

Net (liabilities)/assets			(6,844)		5,088

Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account	6	(7,844)	4,088
		(6,844)	5,088

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 May 2026.

A Greenbaum

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


GRANTHAM ASTA RESIDENTIAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 5 APRIL 2025

1.	General information

Grantham Asta Residential Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 6 Maiden Lane, Covent Garden, London, WC2E 7NW.

The company changed its accounting reference date from 31 December to 5 April during the period. As a result, the current financial statements cover a period longer than 12 months and are not directly comparable with the prior year.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The Company is reliant on the continued financial support of its parent undertaking, which has confirmed its intention to provide support to enable the Company to meet its liabilities as they fall due.
On this basis, the directors consider it appropriate to adopt the going concern basis of accounting.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Ground rent income

Ground rent income is recognised on a straight-line basis over the lease term, in accordance with the applicable lease agreements, unless another systematic basis is more representative of the pattern in which benefit from the leased asset is derived.

Income is recognised when it is probable that the economic benefits will flow to the Company and the amount can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 2


GRANTHAM ASTA RESIDENTIAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 5 APRIL 2025

2.Accounting policies (continued)

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic 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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Page 3


GRANTHAM ASTA RESIDENTIAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 5 APRIL 2025

2.Accounting policies (continued)

2.7

Financial instruments (continued)

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the period was 5 (2023 - 4).

Debtors

					5 April	As restated 31 December
					2025	2023
					£	£


Amounts owed by group undertakings	1,500	74,664
Other debtors	-	837
Prepayments and accrued income	-	1,633
	1,500	77,134

Page 4


GRANTHAM ASTA RESIDENTIAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 5 APRIL 2025

Amounts owed to group undertakings	3,344	72,046
Accruals and deferred income	5,000	-
	8,344	72,046

Reserves

Profit and loss account

Dividends of £5,285 were paid during the period.

The dividend was declared and paid prior to the sale of the company on 15 July 2024, at which time the company had sufficient distributable reserves. Losses incurred following the sale have resulted in a deficit on retained earnings at the balance sheet date.

7.	Auditors' information

The auditors' report on the financial statements for the period ended 5 April 2025 was unqualified.

The audit report was signed on 1 June 2026 by David Pumfrey FCA (Senior Statutory Auditor) on behalf of Sumer Auditco Limited.

Page 5