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GRAD HOUSE LIMITED

Registered Number
08802909
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2025

GRAD HOUSE LIMITED
Company Information
for the year from 1 January 2025 to 31 December 2025

Directors | ASBRIDGE, Neil Maurice
| ASBRIDGE, Sidney George
| TWEEDIE, Kerry Moreen
| TWEEDIE, Steven

Registered Address | James Watson House Montgomery Way
| Rosehill Industrial Estate
| Carlisle
| CA1 2UU

Registered Number | 08802909 (England and Wales)

GRAD HOUSE LIMITED
Statement of Financial Position
31 December 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 2,307 |  |  |  | 2,714
Investment property | 4 |  |  | 840,990 |  |  |  | 840,990
|  |  |  | 843,297 |  |  |  | 843,704
Current assets |  |  |  |  |  |  |  |
Debtors | 5 | 5,135 |  |  |  | 2,775 |  |
Cash at bank and on hand |  | 8,245 |  |  |  | 13,181 |  |
|  | 13,380 |  |  |  | 15,956 |  |
Creditors amounts falling due within one year | 6 | (431,843) |  |  |  | (476,060) |  |
Net current assets (liabilities) |  |  |  | (418,463) |  |  |  | (460,104)
Total assets less current liabilities |  |  |  | 424,834 |  |  |  | 383,600
Net assets |  |  |  | 424,834 |  |  |  | 383,600
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 200 |  |  |  | 200
Profit and loss account |  |  |  | 424,634 |  |  |  | 383,400
Shareholders' funds |  |  |  | 424,834 |  |  |  | 383,600

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 18 May 2026, and are signed on its behalf by:
ASBRIDGE, Neil Maurice Director
TWEEDIE, Steven Director Registered Company No. 08802909

GRAD HOUSE LIMITED
Notes to the Financial Statements
for the year ended 31 December 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Basis of preparation
--- | ---
| The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the rendering of services is recognized by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

| Current taxation
--- | ---
| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%)
| Office Equipment | 15

| Investment property
--- | ---
| Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

| Financial instruments
--- | ---
| The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 4 |  | 4

3. | Tangible fixed assets
--- | ---

|  | Fixtures & fittings |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 January 25 | 16,220 |  | 16,220
| At 31 December 25 | 16,220 |  | 16,220
| Depreciation and impairment
| At 01 January 25 | 13,506 |  | 13,506
| Charge for year | 407 |  | 407
| At 31 December 25 | 13,913 |  | 13,913
| Net book value
| At 31 December 25 | 2,307 |  | 2,307
| At 31 December 24 | 2,714 |  | 2,714

4. | Investment property
--- | ---
| The 2025 valuations were made by the directors, on an open market value for existing use basis.

|  | £
| Fair value at 01 January 25 | 840,990
| At 31 December 25 | 840,990

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 2,302 |  | -
| Other debtors | 633 |  | 633
| Prepayments and accrued income | 2,200 |  | 2,142
| Total | 5,135 |  | 2,775

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 4,650 |  | 4,535
| Bank borrowings and overdrafts | 468 |  | -
| Taxation and social security | 9,912 |  | 16,162
| Other creditors | 413,838 |  | 452,608
| Accrued liabilities and deferred income | 2,975 |  | 2,755
| Total | 431,843 |  | 476,060

7. | Related party transactions
--- | ---
| At the reporting date £413,838 (2024 - £452,333) was owed to the directors in respect of loans with the company and are included in creditors. No interest was charged on these loans, which are unsecured and repayable on demand.