REGISTERED NUMBER: 03838102 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

GREATFATE LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

N Schwartz

SECRETARY:

Mrs R Schwartz

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

03838102 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

5

25,458

29,962

Investment property

6

3,025,000

3,025,000

3,050,458

3,054,962

CURRENT ASSETS

Debtors

7

980,608

1,039,473

Cash at bank

18,383

22,932

998,991

1,062,405

CREDITORS

Amounts falling due within one year

8

(434,906

)

(490,553

)

NET CURRENT ASSETS

564,085

571,852

TOTAL ASSETS LESS CURRENT LIABILITIES

3,614,543

3,626,814

CREDITORS

Amounts falling due after more than one year

9

(1,479,607

)

(1,500,164

)

PROVISIONS FOR LIABILITIES

(57,000

)

(57,000

)

NET ASSETS

2,077,936

2,069,650

CAPITAL AND RESERVES

Called up share capital

12

1

1

Revaluation reserve

13

1,538,810

1,538,810

Fair value reserve

13

300,000

300,000

Retained earnings

13

239,125

230,839

SHAREHOLDERS' FUNDS

2,077,936

2,069,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 3 July 2026 and were signed by:

N Schwartz - Director

1.	STATUTORY INFORMATION

Greatfate 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 as modified by the revaluation of certain assets.

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.

Improvements to property

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2024

and 30 September 2025

114,957

29,298

1,620

145,875

DEPRECIATION

At 1 October 2024

88,332

26,018

1,563

115,913

Charge for year

3,993

492

19

4,504

At 30 September 2025

92,325

26,510

1,582

120,417

NET BOOK VALUE

At 30 September 2025

22,632

2,788

38

25,458

At 30 September 2024

26,625

3,280

57

29,962

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

3,025,000

NET BOOK VALUE

At 30 September 2025

3,025,000

At 30 September 2024

3,025,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2017

1,538,810

Valuation in 2021

300,000

Cost

1,186,190

3,025,000

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.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Other debtors

980,608

1,039,473

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Taxation and social security

4,086

(357

)

Other creditors

430,820

490,910

434,906

490,553

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans (see note 10)

1,453,681

1,468,682

Other creditors

25,926

31,482

1,479,607

1,500,164

30.9.25

30.9.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loan

1,007,376

999,351

Bank loans

266,619

270,906

Bank Loan

78,537

81,860

1,352,532

1,352,117

Repayable by instalments

Bank loan

101,149

116,565

Other loans more 5yrs instal

25,926

31,482

127,075

148,047

Other creditors include £31,482 received under Bounceback Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

10.

LOANS

An analysis of the maturity of loans is given below:

30.9.25

30.9.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loan

1,007,376

999,351

Bank loans

266,619

270,906

Bank Loan

78,537

81,860

1,352,532

1,352,117

Repayable by instalments

Bank loan

101,149

116,565

Other loans more 5yrs instal

25,926

31,482

127,075

148,047

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank loans

1,453,681

1,468,682

Under the bank loan, £25,926 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

1

Ordinary

£1

1

1

13.

RESERVES

Fair

Retained

Revaluation

value

earnings

reserve

reserve

Totals

£

£

£

£

At 1 October 2024

230,839

1,538,810

300,000

2,069,649

Profit for the year

8,286

8,286

At 30 September 2025

239,125

1,538,810

300,000

2,077,935

14.	RELATED PARTY DISCLOSURES

Related Party diclosures

Other Debtors (Note 9) relates to amounts due from companies connected to the director and his family members. The loans are interest free and repayable on demand.

Other Creditors (Note 10) relates to amounts due to companies connected to the director and his family members. The loans are interest free and payable on demand.

15.	ULTIMATE CONTROLLING PARTY

The controlling party is N Schwartz.