Company registration number 12137060 (England and Wales)
50 GR LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
50 GR LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
50 GR LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
590,000
590,000
Current assets
Debtors
4
9,605
13,534
Creditors: amounts falling due within one year
5
(503,046)
(506,499)
Net current liabilities
(493,441)
(492,965)
Total assets less current liabilities
96,559
97,035
Provisions for liabilities
6
(23,814)
(23,814)
Net assets
72,745
73,221
Capital and reserves
Called up share capital
7
1
1
Investment Property Revaluation Reserve
8
71,443
71,443
Profit and loss reserves
8
1,301
1,777
Total equity
72,745
73,221

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

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 19 June 2026 and are signed on its behalf by:
R J Todd
Director
Company Registration No. 12137060
50 GR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

50 GR Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Leman Street, London, United Kingdom, E1W 9US.

1.1
Basis of preparation

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, modified to include the revaluation of investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis even though at the balance sheet date the company's current liabilities exceeded its current assets by £493,411.

The directors consider the going concern basis to be appropriate because, in their opinion, the company will continue to obtain sufficient funding from fellow group companies and if required from other companies under common control, to enable it to pay its debts as they fall due for at least 12 months from the date of approval of these financial statements.

1.3
Revenue

Turnover represents rent receivable from letting of investment properties. Rent receivable from tenants is measured at fair value. Rental income is recognised in the period to which it arises on an accrual basis in accordance with the terms of the lease.

1.4
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 the income statement.

The fair value model is determined by the directors with the benefit of professional external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset.

1.5
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 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.

50 GR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors 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.

Basic financial liabilities

Basic financial liabilities, including creditors, 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.

1.6
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.

1.7
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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

50 GR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
2
Employees

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

2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 1 July 2024 and 30 June 2025
590,000

No depreciation is provided for on these investment properties.

On a historical cost basis these would have been included at an original cost of £494,743 (202 4: £494,743).

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
9,245
13,534
Other debtors
360
-
0
9,605
13,534
5
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
432,769
432,781
Other creditors
70,277
73,718
503,046
506,499

Included within amounts owed to group undertakings are loans that are unsecured, interest free, has no fixed date of repayment and is repayable on demand.

Included within other creditors are loans totalling £57,525 (2024: £54,404) with connected entities. The loans are unsecured, interest free, has no fixed date of repayment and is repayable on demand.

6
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
23,814
23,814
50 GR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
1 of £1 each of £1 each
1
1
1
1

There is a single class of ordinary shares. There are no restrictions the distribution of dividends and repayment of capital.

8
Reserves
Revaluation reserve

Investment property revaluation reserve relates to non-distributable reserves arising from revaluation of investment property less deferred tax.

Profit and loss reserves

Retained earnings represents accumulated comprehensive income for the year and prior periods less dividends paid.

9
Financial commitments, guarantees and contingent liabilities

Investec Bank PLC holds fixed and floating charges over the assets of the company to secure loans in the name of Conlan Studios Ltd, the immediate parent company. At the year end the total loans owed by Conlan Studios Limited were £1 4,8 00,000.

10
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Bad debt provision
2025
2024
£
£
Entities over which the entity has control, joint control or significant influence
-
12,002
2025
2024
Amounts due to related parties
£
£
Other related parties
57,525
54,404

The company has taken advantage of the exemption available under section 1A C.35 of FRS 102 "Related party disclosures" whereby it has not disclosed transactions with the u l timate parent company or any wholly owned subs i d iary of the group.

11
Parent company

The immediate parent company is Conlan Studios Limited and the ultimate parent company is Warrior 2 Limited. Both companies' registered office address is 2 Leman Street, London, United Kingdom, E1W9US.

2025-06-30 2024-07-01 false false false 22 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity W B Todd R J Todd 12137060 2024-07-01 2025-06-30 12137060 2025-06-30 12137060 2024-06-30 12137060 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 12137060 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 12137060 core:CurrentFinancialInstruments 2025-06-30 12137060 core:CurrentFinancialInstruments 2024-06-30 12137060 core:ShareCapital 2025-06-30 12137060 core:ShareCapital 2024-06-30 12137060 core:RevaluationReserve 2025-06-30 12137060 core:RevaluationReserve 2024-06-30 12137060 core:RetainedEarningsAccumulatedLosses 2025-06-30 12137060 core:RetainedEarningsAccumulatedLosses 2024-06-30 12137060 core:ShareCapitalOrdinaryShareClass1 2025-06-30 12137060 core:ShareCapitalOrdinaryShareClass1 2024-06-30 12137060 bus:Director2 2024-07-01 2025-06-30 12137060 2023-07-01 2024-06-30 12137060 2024-06-30 12137060 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 12137060 bus:OrdinaryShareClass1 2025-06-30 12137060 bus:OrdinaryShareClass1 2024-06-30 12137060 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 12137060 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 12137060 bus:FRS102 2024-07-01 2025-06-30 12137060 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 12137060 bus:Director1 2024-07-01 2025-06-30 12137060 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP